Mixed-Use Building With
For Sale
$1,800,000
12802 Rockaway Boulevard, South Ozone Park, NY 11420
Two floors combine five units with two apartments, LED lighting, and central air conditioning.
Property Size3,300 SF
Price / SF$545.45
Days on Market316
Property Features for 12802 Rockaway Boulevard
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Commercial
Zoning
R3-2/C1-2
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$21,906
Amenities
garage
high ceilings
LED lighting
central air conditioning
excellent signage
Building Details
Building Size
3,300 SF
Year Built
1920
Buildings
1
Stories
2
Listing Agency:
All Island Estates Realty Corp
(516) 783-5600
Listed By:
Richard Matt Shane · License #1020151
(516) 279-8828
Source:
Croninreale
Added: Dec 12, 2025
Changed: Oct 23
Last Checked: Oct 23 at 9:55AM
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 All Island Estates Realty Corp
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Investment Insights
Based on property information with market context.
This two-story mixed-use property contains five units, including two apartments, and includes a garage. The 3,300-square-foot building has high ceilings, updated LED lighting, and central air conditioning. Its zoning is R3-2/C1-2.
At the corner of Rockaway Boulevard and 128th Street, the property offers 21 feet of frontage on Rockaway Boulevard and 102 feet on 128th Street. It is eight blocks from I-678 and a short drive from JFK Airport. Reported traffic volume on the property’s street is more than 14,000 vehicles per day. Nearby businesses include Citibank, Home Depot, Stop & Shop, and several hotel, shipping, restaurant, and automotive operators.
At the corner of Rockaway Boulevard and 128th Street, the property offers 21 feet of frontage on Rockaway Boulevard and 102 feet on 128th Street. It is eight blocks from I-678 and a short drive from JFK Airport. Reported traffic volume on the property’s street is more than 14,000 vehicles per day. Nearby businesses include Citibank, Home Depot, Stop & Shop, and several hotel, shipping, restaurant, and automotive operators.
Key Highlights
- Five‑unit, two‑story mixed‑use property with two apartments and a garage
- 3,300 square feet with high ceilings, LED lighting, and central air conditioning
- R3‑2/C1‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,905
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,100
$1.2M
Cap Rate 7%
$841,500
$841.5K
Cap Rate 9%
$654,500
$654.5K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$99.0K $30.00/SF
− Vacancy
−$14.9K −$4.50/SF
EGI
$84.2K $25.50/SF
− OpEx
−$25.2K −$7.65/SF
NOI
$58.9K $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 Rate 5%
$1,178,100
Cap Rate 7%
$841,500
Cap Rate 9%
$654,500
Alternative Uses
Best Use
Retail
$841.5K
$736.3K – $981.8K
NOI $58,905 @ 7.0% cap · market cap 3.27%
Second Best
Mixed Use
$606.7K
$530.9K – $707.9K
NOI $42,471 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$2.43M
$2.13M – $2.84M
NOI $170,296 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,530
Businesses Nearby
Explore this area
Business Placement
Demographics for 11420, NY
47,383
Population
14,835
Households
3.2
Avg Household Size
40
Median Age
22%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
22,563
Density / Sq Mi
$98,584
Median Household Income
$45,571
Median Earnings
$2,032
Median Rent
$673,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two floors combine five units with two apartments, LED lighting, and central air conditioning.
Where is this mixed-use property located?
The property is located at 12802 Rockaway Boulevard South Ozone Park, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Five‑unit, two‑story mixed‑use property with two apartments and a garage; 3,300 square feet with high ceilings, LED lighting, and central air conditioning; R3‑2/C1‑2 zoning
