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147 &150 Beach 116Th Street 147 &150 Beach 116th Street NEW YORK 11694 Lee & Associates NYC is proud to offer approximately 20,000 SF of retail for lease on Rockaway Park’s historic Beach 116th. TaBLE OF CONTENTS 147 & 150 BEACH 116TH STREET Section One ABOUT THE DEVELOPMENT Section Two Property Description Section Three Market Overview ABOUT THE DEVELOPMENT 147 & 150 BEACH 116TH STREET About the development SEASIDE LANDING, the Marcal Group’s complete redevelopment of 240,000SF, is comprised of 250 market-rate residential condominiums. This development is a new leader in the transformation of Beach 116th, adding 20K sf of new retail to this reemerging market that encourages new potential business to be captured in The Rockaways. Area description: Rockaway Park is situated on the Rockaway Peninsula between the Atlantic Ocean and Jamaica Bay. Easily accessible by all boroughs, this area has experienced a resurgence of interest by individuals and families who want to experience the lifestyle of an urban coastal community. Retail space is one block from the A-train stop and steps away from the Atlantic Beach and the Rockaway Peninsula Boardwalk. 147 & 150 BEACH 116TH STREET ABOUT THE DEVELOPMENT PROPERTY DESCRIPTION 147 & 150 BEACH 116TH STREET 147 B 116 150 B 116 Beach 116th St reet 147 &150 BEACH 116TH STREET 150 Beach116th:2900SFwith12’ceilingsand30’offrontage 150 Beach116th:2800SFwith12’ceilingsand32’offrontage COMMERCIAL COMMERCIAL 150 BEACH116 2,877 SF 2,795 SF PROPERTY DESCRITION th 147 BEACH 116th 147 Beach 116th: Up to 7500 SF with 15’ ceilings and 90’ of frontage 147 Beach 116th: Up to 6800 SF with 15’ ceilings and 71’ of frontage RETAIL #1 3,060 SF RETAIL #2 2,233 SF RETAIL #3 1,565 SF t RETAIL #4 e e 1,122 SF r St h t 116 ch RETAIL #5 Bea 1,982 SF RETAIL #6 2,245 SF RETAIL #7 2,533 SF 147 & 150 BEACH 116TH STREET PROPERTY DESCRITION BEACH 97 th ST PLAYLAND MOTEL ST BEACH 98TH BEACH 99th ST A ||||||||||||||||||||||||| BEACH 100th ST | | | | | BEACH 101st ST BOARDWALK BEACH 102nd ST BEACHCHANNEL DR 908L SCHOLAR’S ACADEMY BEACH 105 th ST |||||||||||||||||||||||||||||||||||||| CARACAS ST AREPA BAR BEACHCHANNEL DR 05TH 1 BEACH A |||||||||||| ROCKAWAY BEACH BLVD ROCKAWAY ROCKAWAY FWYROCKAWAY BEACH 108th ST BEACH 108 th ST FUTURE FERRY TERMINAL BEACH 109 th ST UMAs RIPPERS WHITS END LOWTIDEBAR PLAYLANDMOTEL ROCKAWAY BEACHROCKAWAY SURF CLUB BEACH 110 th ST |||||||||||||||||||||||||| BEACH 111 st ST BEACH 112 th ST OCEAN REtaIL MAP CIRO’S PIZZA BEACH 113rd ST BEACH CHANNEL DR CHANNEL BEACH HARBOR OPTICS ATLANTIC BEACH 114 th ST ST 6TH BLVD BEACH ROCKAWAY 1 BOARDWALK BEACH 115 th ST WHARF ROCKWAY PARK-BEACH 1 PICKLES BELLE ||||||||||||||||||||||||||KING’S BAR & & PIES LOLA HARBOR SLICES PHARMACY JOBLOT CONCESSION GRILL DELI STAR STEAKHOUSE N ICES A SEASIDE LANDING BEACH BEACH 116th ST PARK 1 FLIGHT 587 MEMORIAL 9/1 PARK PROPERTY DESCRITION MEMORIAL IRISH BAR JUICE PAUL’S ROGERS SHOP TAVERN BICYCLE O’SAKE BROWNS CUISINE BY CLAUDETTE SURF SHOP ROCKAPUP HARDWARE BEACH 117 th ST ROCKAWAY BAY BEACH 118 th ST JAMAICA BEACH 119 th ST NEWPORT AVE NEWPORT ROCKAWAY BEACH BLVD BEACH ROCKAWAY BEACH CHANNEL DR 147 & 150 BEACH 116TH STREET BEACH 120 th ST 9 COMMERCIAL DISTRICT COMMERCIAL 9 2 1 B BEACH 121 st ST BEACH 122 nd ST BEACH 123 rd ST BEACH 124 th ST BEACH 124 th ST BEACH 125 th ST BEACH 126 th ST CRONSTON AVE CRONSTON BEACH 127 th ST BEACH 128 th ST BEACH 129th ST BEACH 130th ST BEACH 131st ST market overview 147 & 150 BEACH 116TH STREET The Boardwalk Retail cannot ignore the importance of the Originating in Wall Street, and stopping boardwalk to Rockaway Park. At 5.5 miles, only once in Brooklyn, the ferry will it lays claim to the longest contiguous terminate two blocks from Seaside Landing. boardwalk in the nation. It is an economic This ferry service will be a game- and recreation artery connecting the changer in that it will introduce Rockaway entire region, and it just received a well- Park to a Manhattan based demographic deserved $480million restoration by the that previously avoided the area due to limit- New York City. This restoration was ed transportation options. This demographic completed in the summer of 2016, is younger and wealthier and sure to boost and it celebrated by hosting over the region’s economic activity. 7million visitors. Demographics Transportation The retail at Seaside Landing will service Today, commuters rely on The A-train, a population of approximately 30,000 and Q22/23 bus lines. The A-train’s Beach residents with an average household size of 116th stop experienced a 97% weekday 3 and average income of over $110,000. ridership increase between 2014-2016. The property is bordered on the west by The average ridership increase for all A-train Belle Harbor and Neponsit -- tight-knit stops in the area during this period is 110% communities where home prices range between 850K-3million. East of Seaside In 2017, visiting and living in Rockaway Landing—Rockaway Beach & Arverne—has will become even easier thanks to a been quickly gentrifying. These neighbor- citywide ferry service. For the cost of a hoods have experienced an influx of young, subway fare, this ferry will shave a full hour first-time homeowners looking to start from a round-trip commute. families and businesses. Market research shows the Rockaway Park region is under-serviced with a total Trade, Food, and Drink retail potential of over $316,000,000. 147 & 150 BEACH 116TH STREET MARKET OVERVIEW 147 & 150 BEACH 116TH STREET MARKET OVERVIEW MARKETING TEAM GARY STEINBERG Managing Director & Principal 212.776.1285 [email protected] JAIME SCHULTZ Director 212.776.1253 [email protected] JEFFREY LOPEZ Associate 212.776.4315 [email protected] 147 &150 Beach 116th Street NEW YORK 11694.
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