Meridian Investment Sales introduces The Far Rockaway Portfolio for sale, featuring two garden-style multifamily properties in Far Rockaway, Queens. Amit Doshi and Shallini Mehra represent the seller.
These complexes at 31-41 Healy Avenue and 10-07 Hartman Lane span 98,718 sq ft, encompassing 112 apartments with resident parking. Situated in Bayswater, they offer proximity to beaches, parks, and accessibility via the A subway line and Far Rockaway Long Island Railroad station.
Fully occupied with over 95% rent collections, the portfolio has approximately $460,000 in preferential rents.