1404 Rockaway PkwyBrooklyn, NY 11236

Property Details for 1404 Rockaway Pkwy

Property size (Sq ft)

16,000 SF

Property type

Retail properties

Description

This exceptional 16,000 square foot, single-story retail building is available for sale in Brooklyn's Canarsie neighborhood. Located on a high-traffic block with ample parking across the street, this property boasts a prime location near the Canarsie-Rockaway Parkway subway station (L train) and numerous bus lines. The building is currently vacant and offers significant potential for a variety of retail uses. Surrounded by established national tenants including Dunkin', McDonald's, Chase Bank, and many others, this property benefits from strong foot and car traffic. The building features a full basement, adding to its versatility. The lot dimensions are 75 x 106 feet, and the property is zoned R5-D/C1-3. This presents a unique opportunity to acquire a substantial retail space in a thriving Brooklyn community. The property's current capitalization rate is 8.5%, based on a previous lease of $50,000 per month triple net. The building's ground floor encompasses 8,000 square feet, with an additional 8,000 square feet in the lower level. This presents a rare opportunity to own a significant retail asset in a high-demand area.

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6455

Longitude

-73.9031

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