For Sale
$1,650,000

446 Rockaway Ave Brooklyn, NY 11212

4,500 SF Vacant Retail Building

Overview

Added:
Dec 11, 2024
Days on market:
130
Exceptional investment opportunity in Brooklyn's Brownsville neighborhood. This vacant 4,500 square foot retail building, located at 446-448 Rockaway Avenue, is offered at $1,650,000 with a 6.00% cap rate. The property boasts a desirable C4-3 zoning and is situated on a 45 x 100 foot lot with a matching building footprint. Taxes are $30,000 annually. The building features a full basement and is delivered vacant, providing immediate occupancy for a new owner. This high-traffic location on Rockaway Avenue benefits from proximity to numerous established businesses, including Chase Bank, Dollar Tree, Planet Fitness, McDonald's, and many more. Excellent public transportation access is available via the 2, 3, 4, and 5 trains at Rockaway Avenue, as well as several bus lines. Brownsville is undergoing revitalization efforts, enhancing local amenities and infrastructure. This property presents a unique chance to capitalize on the area's growth and strong retail environment. The property is currently vacant, allowing for immediate customization and tenant selection. Don't miss this chance to acquire a substantial retail property in a rapidly developing Brooklyn neighborhood.

Highlights

  • 45' x 100' lot size.
  • 45' x 100' building footprint.
  • Annual property taxes: $30,000.
  • Vacant possession upon closing.
  • Full basement.

Property Details for 446 Rockaway Ave

Property type
Retail properties
Square Feet
4,500 SF

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.669001
Longitude
-73.910869
446 Rockaway Ave, Brooklyn, New York

FAQs

What type of property is this?
Retail property - 4,500 SF Vacant Retail Building
Where is the retail property located?
The property is located at 446 Rockaway Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 45' x 100' lot size.; 45' x 100' building footprint.; Annual property taxes: $30,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
446 Rockaway Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message