1165 Rockaway AveBrooklyn, NY 11236

Property Details for 1165 Rockaway Ave

Year built

1970

Lot size

0.45 AC

Property size (Sq ft)

4,264 SF

Zone code

M1-1

Property type

Office buildings

APN

03644-0200

APU

36440200

Description

This exceptional industrial property, located at 1165 Rockaway Avenue in Brooklyn, New York, presents a compelling investment opportunity. The single-story building encompasses 4,260 square feet, situated on a substantial 20,000-square-foot lot. Its strategic location at a major intersection ensures high visibility, making it an ideal site for businesses seeking strong brand exposure. The property is zoned M1-1, suitable for various industrial uses including distribution, warehousing, and manufacturing. The building boasts a 14-foot ceiling height, providing ample vertical space for storage and operations. One drive-in door facilitates efficient loading and unloading. The property is currently vacant, offering immediate occupancy for a new tenant. The substantial lot size of 20,000 square feet provides ample room for expansion or outdoor storage. Heavy power is available, catering to the needs of energy-intensive operations. This property in Kings County offers a rare combination of size, location, and functionality, making it a highly attractive option for a wide range of industrial businesses. The zip code is 11236.

• CAP approach

  CAP return

  Valuation

  6%

  $704,967

  6.5%

  $650,738

  7%

  $604,257

• Comparable approach

  Method

  Valuation

  Relative Method

  $557,134

  Geo Method

  $557,134

• Alternative Use

  Use

  Valuation

  Residential

  $806,916

  Hospitality

  $739,130

  Educational

  $614,948

  Medical

  $636,097

  Retail

  $956,585

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6515

Longitude

-73.9057

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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