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11420 Rockaway Blvd 3,600 SF 100% Leased Office Building Jamaica, NY 11420 $1,369,000 ($380.28/SF) 7.49% Cap Rate



Investment Highlights
- 2200 sqft first floor
- detached brick well built
- close to highway
Executive Summary
Welcome to 114-20 Rockaway Boulevard, a prime mixed-use building ideally located in the heart of South Ozone Park! This solid brick property offers an impressive building size of 20x110 ft on a 2,700 sqft lot, providing exceptional space and flexibility for both commercial and residential use. The first floor is currently occupied by a well-established medical office, offering stable, long-term income. The second floor features two residential apartments, generating additional rental income — one unit at $2,500/month and the other at $1,500/month. This property is perfect for investors or owner-occupants seeking a turn-key income-producing opportunity in a highly desirable Queens location. Conveniently positioned near major thoroughfares, shops, transit, and local amenities, this mixed-use gem combines strong cash flow with long-term growth potential.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$136,200
|
$37.83
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$136,200
|
$37.83
|
| Taxes |
$31,996
|
$8.89
|
| Operating Expenses |
$10,625
|
$2.95
|
| Total Expenses |
$42,621
|
$11.84
|
| Net Operating Income |
$93,579
|
$25.99
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $136,200 |
| Annual Per SF | $37.83 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $136,200 |
| Annual Per SF | $37.83 |
| Taxes | |
|---|---|
| Annual | $31,996 |
| Annual Per SF | $8.89 |
| Operating Expenses | |
|---|---|
| Annual | $10,625 |
| Annual Per SF | $2.95 |
| Total Expenses | |
|---|---|
| Annual | $42,621 |
| Annual Per SF | $11.84 |
| Net Operating Income | |
|---|---|
| Annual | $93,579 |
| Annual Per SF | $25.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,600 SF
Building Class
B
Year Built
1931
Price
$1,369,000
Price Per SF
$380.28
Cap Rate
7.49%
NOI
$102,538
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,842 SF
Building FAR
1.65
Lot Size
0.05 AC
Zoning
C 2-3
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $297,704 | |
| Land Assessment | $18,504 | Annual Taxes | $31,996 ($8.89/SF) |
| Improvements Assessment | $279,200 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$18,504
Improvements Assessment
$279,200
Total Assessment
$297,704
Annual Taxes
$31,996 ($8.89/SF)
Tax Year
2025
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11420 Rockaway Blvd
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