Seller's Agent in 2025
Fon Tongsomboon
RE/MAX
(347) 640-3560
9 in this area
31 Total Sales
375 Beach 92nd St Rockaway Beach, NY 11693
Rockaway Beach Neighborhood
--
Bed
--
Bath
--
Sq Ft
5,637
Sq Ft Lot
Highlights
- Waterfront
- 5-minute walk to Beach 90 Street
- Heating System Uses Steam
- 5,637 Sq Ft lot
About This Home
As of April 2025Calling all investors, restaurateurs, developers, and end users! Here's your chance to be your own landlord and invest in what you own. We present an extraordinary commercial property on the stunning Jamaica Bay shoreline in beautiful Rockaway Beach. Whether you're looking for a 100% turnkey operation to start making money right away or dreaming of exploring different culinary concepts, this is your canvas. The fully-equipped kitchen boasts multiple walk-ins, refrigeration units, proper hooding, and ventilation, along with multiple cooking stations. It's adaptable to suit any culinary style, making your restaurant vision come to life. Enjoy an outdoor deck, unbeatable location in the heart of the busiest area in Rockaway Beach, and proximity to transportation hubs. This is a rare opportunity to own waterfront property in a prime NYC attraction area. This long-established restaurant is one of the busiest in the Rockaway Peninsula, with a proven income-generating track record. It's a well-known destination for food, entertainment, and a hangout spot for both locals and tourists, ensuring year-round profitability. The property offers a waterfront view and pier access to the bay, opening up possibilities for water activity-related businesses like sunset dining cruises. A lease is already in place for a jet ski business, providing extra income. Plus, there's a solar generator in place to help save on utility bills.Additionally, an upstairs unit has been renovated and is ready to be used as the owner desires. Over $1 million has been invested in both the property and the business, ensuring a fair price for this incredible opportunity, with a 5.8% cap rate, this investment is bound to make waves in your portfolio. Don't miss out on this chance to own a piece of Rockaway Beach's thriving culinary and waterfront scene. Secure your investment future today!
Last Agent to Sell the Property
RE/MAX Elite License #10401342841 Listed on: 11/13/2023
Property Details
Property Type
- Other
Est. Annual Taxes
- $38,297
Year Built
- Built in 1910
Lot Details
- 5,637 Sq Ft Lot
- Lot Dimensions are 36' x 159'
- Waterfront
- Property is zoned R41
Home Design
- Mixed Use
- Wood Frame Construction
- Shingle Roof
- Siding
Interior Spaces
- 3-Story Property
Utilities
- Heating System Uses Steam
- Heating System Uses Gas
- 220 Volts
- 110 Volts
Community Details
- Fuel Expense $9,300
- Insurance Expense $20,500
- Utility Expense $25,142
- Gross Income $1,275,020
- Net Operating Income $321,055
Listing and Financial Details
- Tax Block 16109
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 24, 2012
Sold by
Joseph Trainor As Trustee
Bought by
Thai Rock Holdings Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
3.36%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 25, 2010
Sold by
Trainor Joseph
Bought by
Joseph Trainor Revocable Living Trust D and Joseph Trainor Trustee
Purchase Details
Closed on
Jul 7, 2005
Sold by
Trainor Joanne and Trainor Joseph
Bought by
Trainor Joseph
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $900,000 | -- | |
| Deed | -- | -- | |
| Deed | $89,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $300,000 | Unknown | |
| Open | $748,000 | Commercial | |
| Closed | $400,000 | Commercial | |
| Closed | $840,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/25/2025 04/25/25 | Sold | $1,900,000 | -32.1% | -- |
| 06/21/2024 06/21/24 | Price Changed | $2,800,000 | -12.5% | -- |
| 05/28/2024 05/28/24 | Price Changed | $3,200,000 | -17.7% | -- |
| 04/11/2024 04/11/24 | Price Changed | $3,886,000 | +11.0% | -- |
| 04/11/2024 04/11/24 | Price Changed | $3,500,000 | -36.4% | -- |
| 11/13/2023 11/13/23 | For Sale | $5,500,000 | -- | -- |
| 11/12/2023 11/12/23 | Pending | -- | -- | -- |
Source: Brooklyn Board of REALTORS®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $35,271 | $347,850 | $63,450 | $284,400 |
| 2024 | $35,271 | $333,000 | $63,450 | $269,550 |
| 2023 | $38,103 | $359,730 | $59,940 | $299,790 |
| 2022 | $37,005 | $364,950 | $63,450 | $301,500 |
| 2021 | $33,898 | $320,400 | $63,450 | $256,950 |
| 2020 | $31,285 | $382,050 | $63,450 | $318,600 |
| 2019 | $19,114 | $290,700 | $45,900 | $244,800 |
| 2018 | $15,112 | $143,730 | $45,900 | $97,830 |
| 2017 | $12,727 | $121,050 | $45,900 | $75,150 |
| 2016 | $11,772 | $121,050 | $45,900 | $75,150 |
| 2015 | $8,120 | $111,420 | $47,880 | $63,540 |
| 2014 | $8,120 | $117,720 | $48,870 | $68,850 |
Source: Public Records
Agents Affiliated with this Home
-
Fon Tongsomboon
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 478127
APN: 16109-0043
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