$4,000,000
164-168 Beach 116th StFar Rockaway, NY 11694
Hospitality property (from the listing description) · Hotel or motel · MLS 11609530 · Listed 360 days ago (Nov 10, 2025)
Active: Listed and available according to the MyStateMLS feed.
About this property
Exceptional investment and redevelopment opportunity for a three-story hospitality asset located in the core of the Rockaways. The property is positioned on Beach 116th Street, providing immediate, direct access to the oceanfront and the newly enhanced Rockaway Boardwalk. The existing structure, previously operated as a hotel, features a substantial infrastructure including 38 guest rooms and a dedicated caretaker or management apartment. The site is governed by flexible R7A/C1-3 zoning, facilitating multiple paths for value creation, including: the rehabilitation and re-establishment of a boutique hotel, conversion to market-rate residential units (rental or condominium), or a strategic mixed-use configuration. Its location is complemented by superior transit infrastructure, situated adjacent to the A train terminus (Rockaway Park-Beach 116 Street) and the NYC Ferry dock, ensuring high connectivity to Manhattan and the outer boroughs. This offering represents a rare opportunity to capture significant upside in a growing coastal New York City submarket. * Substantial Existing Asset: The three-story, 14,025 square foot structure provides a significant shell for redevelopment. It comes with a previous Certificate of Occupancy (C/O) for 38 Class B units (hotel rooms) and one Class A, five-bedroom apartment, simplifying the blueprint for re-entry into the hospitality or housing markets. * Prime Beach Block Location: The property is situated just steps from the Rockaway Boardwalk and the ocean, offering a high-demand coastal location that drives seasonal tourism and year-round residential appeal. It features approximately 60 feet of direct street frontage on the main commercial corridor, Beach 116th Street. * High Market Demand Potential: The property is well-suited for multiple high-yield scenarios, including leveraging City programs such as FHEPS for transitional housing, which can provide potential for a high-grossing operation (estimates suggest over $70,000 monthly when operational, based on comparable market rates). The property will be delivered fully vacant, providing a clean slate for the buyer's chosen strategy. * Transit-Oriented Development (TOD) Opportunity: The site boasts excellent public transit accessibility, positioned one block from the A train subway terminal (Rockaway Park-Beach 116 Street) and within short proximity to the high-demand NYC Ferry service to Lower Manhattan. This connectivity supports year-round commuter tenancy and weekend visitor traffic.
Description provided by the listing brokerage.
Key facts
- Asking price
- $4,000,000
- Status
- For sale
- Property type
- HospitalityFrom the listing description
- Building area
- 14,025 SFSource field AboveGradeFinishedArea
- Land area
- 0.14 acresSource field LotSizeSquareFeet
- Year built
- 1929
- MLS number
- 11609530
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.
Price
- Asking price
- $4,000,000
- Price per SF of building
- $285/SFAsking price ÷ 14,025 SF reported building area
- Annual taxes
- $24,660
Building and site
- Stories
- 3
- County
- Queens County
Reported features
- Near public transit (from a listing field)
A mention is not a specification. Confirm power, clear height, doors, parking and code compliance for your use with the listing representative and your own advisers.
Location
The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Far Rockaway or hospitality property in Far Rockaway.
Why this listing is on Commercial Only
- Property type as the listing describes it. (description: "…ing structure, previously operated as a hotel, features a substantial infrastructure…")
- MLS property class detail. (PropertyTypeDetail: comm-building)
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Price and status history
Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.
Guides
Listing courtesy of CAPLINE CONSOLIDATED LLC. Listing agent: Robert Shiryak. Listings provided by MyStateMLS.
Listing last modified at the source Sep 15, 2026, 6:58 PM UTC. Commercial Only last confirmed MyStateMLS data Nov 5, 2026, 3:31 AM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.