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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:
484
Last Refresh:
Apr 5 at 9:14 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

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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


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 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

  • Golden Aid Pharmacy Inc 882 Utica Ave, Brooklyn, NY 11203
  • Rapid Pharmacy Inc. 4711 church ave, brooklyn, ny 11203
  • Value Drugs 4623 Church Ave, Brooklyn, NY 11203
  • Walgreens Pharmacy 5001 Church Ave, Brooklyn, NY 11203
  • MOREAU'S INTERNATIONAL NETWORK Brooklyn, NY 11203

Location Insight

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

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
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