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    1402-1404 Rockaway Pkwy Brooklyn, NY 11236

    For Sale
    $5,800,000

    Single-tenant retail building with high traffic and income potential.

    Property size:
    8,000 SF
    Lot size:
    0.18 Acres

    Property Features for 1402-1404 Rockaway Pkwy

    General Information

    Size
    8,000 SF
    Lot size
    0.18 Acres

    Source: Tri State Commercial Realty Agent Shlomi Bagdadi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Brooklyn Retail Investment Opportunity

    This single-story retail building is located in a high-traffic area with substantial foot and car traffic. The property is surrounded by national tenants and benefits from a municipal parking lot located across the street. The building includes a full basement. The lot dimensions are 75 feet by 106 feet. The ground floor spans 8,000 square feet, with an additional 8,000 square feet in the lower level. The property is currently occupied, but can be delivered vacant. The current tenant, Walgreens, has a lease from April 2008 to March 2028, with a monthly rent of $50,000 on a triple net basis. A sublease is in place, generating $22,000 per month.
    Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Golden Aid Pharmacy Inc, Rapid Pharmacy Inc., Value Drugs, Walgreens Pharmacy, MOREAU'S INTERNATIONAL NETWORK

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.901947
    Latitude
    40.644466

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    FAQs

    What type of property is this?
    Drug store - Single-tenant retail building with high traffic and income potential.
    Where is this drug store located?
    The property is located at 1402-1404 Rockaway Pkwy Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $5,800,000.
    What are key features of this property?
    This property features: - Current CAP over 10%; - Rent is $50,000 a month triple net; - Walgreens lease is from 4/2008 - 3/2028
    (718) 437-6100
    Request Owner's contact information
    1402-1404 Rockaway Pkwy Brooklyn, NY 11236
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1402-1404 Rockaway Pkwy Brooklyn, NY 11236
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