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1402-1404 Rockaway Pky 16,000 SF Retail Building Brooklyn, NY 11236 $5,450,000 ($340.63/SF)
Investment Highlights
- Single story single tenant retail building for sale on a heavy foot and car traffic block.
- There is a municipal parking lot across the street and many national tenants on the block.
- Can be delivered vacant.
Executive Summary
Located in the Canarsie neighborhood of Brooklyn between Glenwood Rd & Smiths Ln near the Canarsie - Rockaway Parkway subway station. Nearest Transit: L train at Canarsie - Rockaway Parkway and the B60, B82, B42, B6, B17, & B82-SBS bus stops. Nearby tenants include Steph's Cake Shop, Dunkin', Baskin-Robbins, Popeyes Louisiana Kitchen, Rockaway Gourmet, Capital One Bank, Fisherman's Cove, McDonald's, Armando's Pizza, S&D Kids, TMobile, Jalapeño Brothers Market, Flowers By Bernadette, The Xperience Coffee House & Juice Bar, Bebe Fritay, Tastee Pattee, Blue Canarsie Fish, Lulucious Beauty Supply, Blink Fitness, Chase Bank, Public Storage and more!
Single-story building
Heavy foot and car traffic block
Municipal parking lot across the street
Surrounded by national tenants
Delivered: Vacant
Full Basement 8,000 SF
Lot Dimensions: 75 X 106
Current CAP over 10%
Walgreens' lease is from 4/2008 - 3/2028
Rent is $50,000 a month triple net
The buyer can use the building and still collect rent from Wallgreens until the lease expiration
Ground Floor: 8,000 SF
Lower Level: 8,000 SF
Single-story building
Heavy foot and car traffic block
Municipal parking lot across the street
Surrounded by national tenants
Delivered: Vacant
Full Basement 8,000 SF
Lot Dimensions: 75 X 106
Current CAP over 10%
Walgreens' lease is from 4/2008 - 3/2028
Rent is $50,000 a month triple net
The buyer can use the building and still collect rent from Wallgreens until the lease expiration
Ground Floor: 8,000 SF
Lower Level: 8,000 SF
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,000 SF
Building Class
C
Year Built/Renovated
1991/2009
Price
$5,450,000
Price Per SF
$340.63
Tenancy
Single
Building Height
1 Story
Building FAR
2.00
Lot Size
0.18 AC
Zoning
R5D,C1-3 - R5 Zoning in NYC is a low density contextual residential zoning district
Frontage
75’ on ROCKAWAY PKWY
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Walgreens
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Walgreens | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (85)
Transit Score®
Rider's Paradise (93)
Nearby Major Retailers
Property Taxes
| Parcel Number | 08165-0055 | Improvements Assessment | $1,895,400 (2025) |
| Land Assessment | $227,250 (2025) | Total Assessment | $2,122,650 (2025) |
Property Taxes
Parcel Number
08165-0055
Land Assessment
$227,250 (2025)
Improvements Assessment
$1,895,400 (2025)
Total Assessment
$2,122,650 (2025)
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1402-1404 Rockaway Pky
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