Corner Storefront
For Sale
$950,000
107-01 Rockaway Boulevard, Ozone Park, NY 11417
Flexible commercial layout with oversized windows, natural light, and separate front and side entrances.
Property Size2,250 SF
Days on Market264
Property Features for 107-01 Rockaway Boulevard
General Information
Standard status
Active
Size
2,250 SF
Property subtype
Commercial
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$21,280
Amenities
spacious interior layouts
flexible floorplans
oversized windows
ample natural light
high ceilings
front and side entrances
Building Details
Building Size
2,250 SF
Listing Agency:
Iconic Real Estate Group LLC
(516) 507-3655
Listed By:
Christopher Reimers
(516) 507-3655
Source:
Alexandermadisonhomes
Added: Dec 10, 2025
Changed: Aug 28
Last Checked: Aug 28 at 11:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Iconic Real Estate Group LLC
Investment Insights
Based on property information with market context.
This storefront property occupies a corner position on Rockaway Boulevard in Ozone Park. The building offers spacious, adaptable interior areas with flexible floorplans, high ceilings, and ample natural light. Oversized windows provide space for signage and product display, while front and side entrances support customer access and operational separation.
The property is near the Belt Parkway, JFK Airport, and multiple bus lines. It is also located close to eateries, shopping plazas, major anchors, and neighborhood amenities. The configuration is positioned for customer-facing commercial uses including retail, professional office, restaurant, and specialty service operations.
The property is near the Belt Parkway, JFK Airport, and multiple bus lines. It is also located close to eateries, shopping plazas, major anchors, and neighborhood amenities. The configuration is positioned for customer-facing commercial uses including retail, professional office, restaurant, and specialty service operations.
Key Highlights
- Corner property on Rockaway Boulevard in Ozone Park
- Spacious interior areas with flexible floorplans
- Oversized windows for signage and display
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,163
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$803,260
$803.3K
Cap Rate 7%
$573,757
$573.8K
Cap Rate 9%
$446,256
$446.3K
Market Conditions
NOI Build-Up for 2,250 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$67.5K $30.00/SF
− Vacancy
−$10.1K −$4.50/SF
EGI
$57.4K $25.50/SF
− OpEx
−$17.2K −$7.65/SF
NOI
$40.2K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$803,260
Cap Rate 7%
$573,757
Cap Rate 9%
$446,256
Alternative Uses
Best Use
Retail
$573.8K
$502.0K – $669.4K
NOI $40,163 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,111 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,984
Businesses Nearby
210k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Groceries 31%
Dining 19%
Electronics 7%
Golden Farms
Groceries
19,299 visits/mo
0.5 miles
C-Town Supermarkets
Groceries
19,248 visits/mo
0.4 miles
Capital One Bank
Shops & Services
18,839 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
17,803 visits/mo
0.4 miles
Chase Bank
Shops & Services
17,351 visits/mo
0.5 miles
Demographics for 11417, NY
31,229
Population
9,855
Households
3.2
Avg Household Size
38
Median Age
25%
College-Educated
78%
High-School Grad
1.1 sq mi
ZIP Area
28,390
Density / Sq Mi
$86,330
Median Household Income
$42,193
Median Earnings
$1,853
Median Rent
$731,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial layout with oversized windows, natural light, and separate front and side entrances.
Where is this storefront property located?
The property is located at 107-01 Rockaway Boulevard Ozone Park, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Corner property on Rockaway Boulevard in Ozone Park; Spacious interior areas with flexible floorplans; Oversized windows for signage and display
