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200 Rockaway Ave 5,475 SF 100% Leased Retail Building Valley Stream, NY 11580 $1,450,000 ($264.84/SF) 6.49% Cap Rate
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! 100% Occupied 5,475 Sqft. 3 Unit Corner Mixed-Use Building In Valley Stream For Sale!!!
- The Property Is Located In The Heart Of Valley Stream Just 3 Blocks From Sunrise Hwy. & Only 4 Blocks From The LIRR Station!!!
- Neighbors Include Audi, Toyota, Volkswagen, Honda, Chase Bank, AT&T, Walmart, The Home Depot, Target, Staples, CVS, 7-Eleven, Extra Space Storage, ++!
- The Building Features Excellent Signage, Great Exposure, Strong C-1 Zoning, 86 Parking Spaces, High 10’ Ceilings, Private Driveway, Gated Yard, +++!!
- The Property Has 100’ Of Frontage On W. Jamaica Ave. + 25’ Of Frontage On Rockaway Ave. & Has A Daily Traffic Count Of 9,500+ Vehicles Per Day!!!
- This Property Offers HUGE Upside Potential!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers & End-Users!!! 100% Occupied 5,475 Sqft. 3 Unit Corner Mixed-Use Building In Valley Stream For Sale!!! The Building Features Excellent Signage, Great Exposure, Strong C-1 Zoning, 86 Parking Spaces, High 10’ Ceilings, Private Driveway, Gated Yard, Strategically Placed Curb Cut, Signalized Intersection, Basement, Accessible Ramp, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Valley Stream Just 3 Blocks From Sunrise Hwy. & Only 4 Blocks From The LIRR Station!!! The Property Has 100’ Of Frontage On W. Jamaica Ave. + 25’ Of Frontage On Rockaway Ave.!!! The Building Is Situated Next Door To A Large Municipal Parking Lot! The Property Has A Daily Traffic Count Of 9,500+ Vehicles Per Day!!! Neighbors Include Audi, Toyota, Volkswagen, Honda, Chase Bank, AT&T, Walmart, The Home Depot, Target, Staples, CVS, 7-Eleven, Extra Space Storage, Best Buy, Blink Fitness, Dick’s Sporting Goods, King Kullen, Wendy’s, Taco Bell, McDonald’s, Dollar Tree, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Pizzeria (3,600 Sqft.): $71,600 Ann.; 3% Ann. Inc.; 10 Year Lease + 10 Year Option.
2 Br. Apt.: $26,400 Ann. M-M.
2 Br. Rear Apt.: $27,600 Ann. M-M.
Current Gross Income: $125,600 Ann.
Expenses:
Gas: $1,260 Ann. (Apartment Heat Only)
Electric: $526 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $2,836 Ann.
Water: $600 Ann.
Taxes: $26,091.41 Ann.
Total Expenses: $31,563.41 Ann.
Net Operating Income (NOI): $94,036.59 Ann. (6.49 Cap!!!)
Income:
Pizzeria (3,600 Sqft.): $71,600 Ann.; 3% Ann. Inc.; 10 Year Lease + 10 Year Option.
2 Br. Apt.: $26,400 Ann. M-M.
2 Br. Rear Apt.: $27,600 Ann. M-M.
Current Gross Income: $125,600 Ann.
Expenses:
Gas: $1,260 Ann. (Apartment Heat Only)
Electric: $526 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $2,836 Ann.
Water: $600 Ann.
Taxes: $26,091.41 Ann.
Total Expenses: $31,563.41 Ann.
Net Operating Income (NOI): $94,036.59 Ann. (6.49 Cap!!!)
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$125,600
|
$22.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$125,600
|
$22.94
|
| Taxes |
$26,091
|
$4.77
|
| Operating Expenses |
$5,472
|
$1.00
|
| Total Expenses |
$31,563
|
$5.76
|
| Net Operating Income |
$94,037
|
$17.18
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $125,600 |
| Annual Per SF | $22.94 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $125,600 |
| Annual Per SF | $22.94 |
| Taxes | |
|---|---|
| Annual | $26,091 |
| Annual Per SF | $4.77 |
| Operating Expenses | |
|---|---|
| Annual | $5,472 |
| Annual Per SF | $1.00 |
| Total Expenses | |
|---|---|
| Annual | $31,563 |
| Annual Per SF | $5.76 |
| Net Operating Income | |
|---|---|
| Annual | $94,037 |
| Annual Per SF | $17.18 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
5,475 SF
Building Class
C
Year Built
1950
Price
$1,450,000
Price Per SF
$264.84
Cap Rate
6.49%
NOI
$94,037
Percent Leased
100%
Building Height
2 Stories
Building FAR
2.17
Lot Size
0.06 AC
Parking
7 Spaces (1.28 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Corner Lot
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Walk Score®
Walker's Paradise (92)
NEARBY MAJOR RETAILERS
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200 Rockaway Ave
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