1340 Rockaway Parkway, Brooklyn, NY 11236
COMMERCIAL - Brooklyn, NY
- Added:
- Nov 18, 2025
- Days on Market:
- 210
- Last Refresh:
- Jun 16 at 9:06 pm
Property Features for 1340 Rockaway Parkway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C2-3/R5D
- Standard status
- Active
- Size
- 4,934 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Annual Amount
- 25870
Building Details
- Year built
- 2002
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Tile, Concrete
- Building materials
- Block, Brick, Masonry, Steel
- Roof type
- Asphalt, Flat
Listing agent Aliaksei A. (Alex) Palaukou License #AP8095 (347) 515-8272
Listing office A P Services Inc 44 Bay 38th St, Brooklyn, NY (347) 515-8272
Listing date Nov 18, 2025
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 4,934 SF medical and commercial space with dedicated on‑site parking totaling 4,629 SF
- Zoning C2‑3/R5D allows up to 20,000+ buildable SF for mixed‑use residential/commercial retail/office/medical
- Previously operated as a medical clinic for more than 25 years with an existing medical layout
- Additional open “vanilla box” area provides flexibility for customization to support different operational needs
- Located on Rockaway Parkway retail corridor with reported traffic of 33,000+ vehicles per day
- Minutes from the Canarsie‑Rockaway Parkway L train station for transit connectivity
Overview
Located at 1340 Rockaway Parkway in Brooklyn’s Canarsie area, the property is positioned along Rockaway Parkway’s retail corridor, noted as carrying over 33,000 vehicles per day. It is described as just minutes from the Canarsie-Rockaway Parkway L train station, providing convenient transit connectivity for staff, patients, and clients.
Zoned C2-3/R5D, the listing notes potential for mixed-use development, including residential, commercial, retail, office, and medical uses, with zoning referenced as allowing up to 20,000+ buildable square feet for mixed use. With the building currently vacant and previously operating as a medical clinic for more than 25 years, the asset may appeal to healthcare and wellness operators seeking a ready-to-use environment, as well as owner-users and redevelopers evaluating the site’s existing improvements and zoning-based flexibility.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $383.7k | $77.76 |
| − Vacancy | −$45.7k | −$9.25 |
| EGI | $338.0k | $68.51 |
| − OpEx | −$101.4k | −$20.55 |
| NOI | $236.6k | $47.95 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.903566
- Latitude
- 40.645889
