Building Details

Building Size 3,680 SF

Year Built 1955

Units 2

Tenancy Multi

Listing Agency: Promise Realty LLC y***@gmail.com Show Phone

Listed By: Chonggil Moon · License #10401256647 Show Phone

Source: Croninreale

Added: Mar 7 Changed: Oct 23 Last Checked: Oct 23 at 4:40PM

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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 Promise Realty LLC

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Investment Insights

Based on property information with market context.

This two-unit storefront property contains 3,680 SF of building area on a 5,424 SF lot, or 0.1245 acre. The building dates to 1955, and the site is zoned R3-2. The units are described for dry-cleaning and tax-office use, respectively.

The property fronts Rockaway Boulevard and 133rd Street, with 40 feet of frontage. It is three blocks from I-678 and near JFK Airport. Nearby businesses include Stop & Shop, AutoZone, KFC, Citibank, Hilton Hotels, UPS, FedEx, Home Depot, and restaurants.

Key Highlights

• Two storefront units described for dry‑cleaning and tax‑office use
• 3,680 SF building on a 5,424 SF lot (0.1245 Acre)
• 40 feet of frontage on Rockaway Blvd and 133rd Street

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$65,688

Cap Rate

3.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,313,760 $1.3M

Cap Rate 7%

$938,400 $938.4K

Cap Rate 9%

$729,867 $729.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,680 SF

Gross rent

$110.4K $30.00/SF

− Vacancy

−$16.6K −$4.50/SF

EGI

$93.8K $25.50/SF

− OpEx

−$28.2K −$7.65/SF

NOI

$65.7K $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%

$1,313,760

Cap Rate 7%

$938,400

Cap Rate 9%

$729,867

Alternative Uses

Best Use

Retail

$938.4K

$821.1K – $1.09M (±1% cap)

NOI $65,688 @ 7.0% cap · market cap 3.28%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.71M

$2.37M – $3.17M (±1% cap)

NOI $189,906 @ 7.0% cap · market cap 9.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Ann's Cleaner Inc (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Gym & Fitness Center Spa & Massage Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,154

Businesses Nearby

Under-served

Demand for This Use

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

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - R3-2 zoning and a Rockaway Boulevard address define this two-unit commercial offering.

Where is this storefront property located?

The property is located at 13302 Rockaway Boulevard South Ozone Park, NY.

What is the asking price?

The asking price for this property is $1,999,888.

What are key features of this property?

This property features: Two storefront units described for dry‑cleaning and tax‑office use; 3,680 SF building on a 5,424 SF lot (0.1245 Acre); 40 feet of frontage on Rockaway Blvd and 133rd Street