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Amazing opportunity to own a grand old home in the heart of Rockaway Beach. This HPD Legal SRO on a 50×100 lot consists of16 bedroom, 9 baths, 2 car garage & a long private driveway large enough to park 5 cars. 15% Cap Rate Lock & Approx. $132, 000 gross income. Would make an amazing Bed & Breakfast in this small enclave of artists, surfers and musicians. Close to the beach, boardwalk, trendy shops/restaurants & local/express transportation to NYC. Just 30 minutes to JFK International airport