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    Brooklyn Retail Investment Opportunity Title is generated by Realmo AI

    1402-1404 Rockaway Pkwy, Brooklyn, NY

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

    Type:RETAIL
    Property size:
    8,000 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $618/SF
    Added:
    Dec 24, 2024
    Days on Market:
    531
    Last Refresh:
    May 19 at 9:22 pm

    Property Features for 1402-1404 Rockaway Pkwy

    General Information

    Standard status
    Active
    Size
    8,000 SF
    Lot size
    0.18 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Shlomi Bagdadi
    Shlomi Bagdadi

    Listing agent Shlomi Bagdadi

    Listing office Tri State Commercial Realty

    Listing date Dec 24, 2024

    Source Moodyscre

    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 Tri State Commercial Realty

    HighLights

    • Current CAP over 10%
    • Rent is $50,000 a month triple net
    • Walgreens lease is from 4/2008 - 3/2028
    • Heavy foot and car traffic block
    • Surrounded by national tenants
    • Full basement

    Overview

    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 Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Similar Places Nearby

    • La Ruche Pharmacy — 494 Rockaway Pkwy, Brooklyn, NY 11212
    • Sunil B. Patel, RPh — 494 Rockaway Pkwy, Brooklyn, NY 11212
    • Robert Keith, MPA — 681 Clarkson Ave, Brooklyn, NY 11203
    • Kingsboro Psychiatric Center — 685 Clarkson Ave, Brooklyn, NY 11203
    • Knapp Pharmacy — 9525 Church Ave 2nd Floor, Brooklyn, NY 11212

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9019
    Latitude
    40.6445

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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 $4,950,000.
    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 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Shlomi Bagdadi
    Shlomi Bagdadi
    Learn More
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