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13858 Brookville Blvd 2,600 SF Retail Building Rosedale, NY 11422 $1,800,000 ($692.31/SF) 7.34% Cap Rate
Investment Highlights
- Established retail corridor — Francis Lewis Boulevard at Brookville Boulevard, southeast Queens' primary north–south commercial spine.
- Neighboring uses — grocery, deli, dry cleaners, optical and quick-service food along the same block.
- Dense residential trade area — surrounded by one- and two-family housing in Rosedale, Laurelton and Springfield Gardens.
- Access — MTA bus service at the Francis Lewis Blvd / Brookville Blvd stop.
Executive Summary
• 100% leased — established restaurant operator in occupancy, lease running through May 31, 2029.
• 7.34% actual cap rate on the $1,800,000 asking price, before any lease extension.
• Renewal in discussion — ownership and the tenant are discussing a possible new 10-year lease term effective at closing.
• Corner location with parking — Francis Lewis Boulevard at Brookville Boulevard, with 9 dedicated on-site spaces on a 6,908 SF lot. Landlord pays real estate taxes and insurance.
• 7.34% actual cap rate on the $1,800,000 asking price, before any lease extension.
• Renewal in discussion — ownership and the tenant are discussing a possible new 10-year lease term effective at closing.
• Corner location with parking — Francis Lewis Boulevard at Brookville Boulevard, with 9 dedicated on-site spaces on a 6,908 SF lot. Landlord pays real estate taxes and insurance.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,600 SF
Building Class
C
Year Built
1957
Price
$1,800,000
Price Per SF
$692.31
Cap Rate
7.34%
NOI
$132,120
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.16 AC
Zoning
R3-2 - Low-density residential district
Parking
10 Spaces (4.35 Spaces per 1,000 SF Leased)
Frontage
Exceptionally walkable
90/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13263-0020 | Improvements Assessment | $148,770 |
| Land Assessment | $155,250 | Total Assessment | $304,020 |
Property Taxes
Parcel Number
13263-0020
Land Assessment
$155,250
Improvements Assessment
$148,770
Total Assessment
$304,020
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