1983 Rockaway PkwyBrooklyn, NY 11236

Property Details for 1983 Rockaway Pkwy

Year built

1910

Lot size

0.07 AC

Property size (Sq ft)

864 SF

Zone code

R4-1

Property type

Office buildings

APN

08300-0020

APU

83000020

Description

This 576-square-foot commercial office building in Brooklyn's Canarsie neighborhood is available for $450,000. Situated on a 3,120-square-foot lot (26' x 120'), this one-story detached building features R4 zoning. The property includes a basement offering additional storage space. Its location on Rockaway Parkway provides excellent visibility and accessibility. The building has been well-maintained and is ideal for various professional uses, potentially including a medical practice. The property will be delivered vacant at closing. Additional income potential exists through the rental of available parking spaces. Cash offers are strongly preferred. This presents a compelling investment opportunity in a desirable Brooklyn location.

• CAP approach

  CAP return

  Valuation

  6%

  $142,845

  6.5%

  $131,857

  7%

  $122,439

• Comparable approach

  Method

  Valuation

  Relative Method

  $112,890

  Geo Method

  $112,890

• Alternative Use

  Use

  Valuation

  Residential

  $163,503

  Hospitality

  $149,768

  Educational

  $124,605

  Medical

  $128,890

  Retail

  $193,830

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6346

Longitude

-73.8901

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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