High-Visibility Commercial Property For Sale

1404 Rockaway Pkwy, Brooklyn, NY 11236

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For Sale

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Single-story retail building in Canarsie with strong income potential.

Type:Retail

Property size:

16,000 SF

Lot size:

0.17 Acres

Price / SF:

$309/SF

HighLights

High‑visibility location on heavily trafficked Rockaway Parkway in Canarsie.
Delivered vacant, offering flexibility for an owner‑user.
Triple‑net Walgreens lease through March 2028 generates $50,000 monthly income.
Strong income potential with a current cap rate over 10%.
Located across from a municipal parking lot and surrounded by national tenants.
Features 8,000 SF ground floor plus 8,000 SF full basement.

We can help!

Listing Contact

Shlomi Bagdadi

Learn more

For Sale

Contact for pricing

Single-story retail building in Canarsie with strong income potential.

Type:Retail

Property size:

16,000 SF

Lot size:

0.17 Acres

Price / SF:

$309/SF

Added:: Jul 8, 2024
Days on Market:: 711
Last Refresh:: May 12 at 11:20 pm

Property Features for 1404 Rockaway Pkwy

General Information

Standard status: Active
Size: 16,000 SF
Lot size: 0.17 Acres
Property subtype: Retail

We can help!

Listing Contact

Shlomi Bagdadi

Listing agent Shlomi Bagdadi License #NY 10311204539

Listing office Tri State Commercial

Listing date Jul 8, 2024

Source Crexi

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

HighLights

High‑visibility location on heavily trafficked Rockaway Parkway in Canarsie.
Delivered vacant, offering flexibility for an owner‑user.
Triple‑net Walgreens lease through March 2028 generates $50,000 monthly income.
Strong income potential with a current cap rate over 10%.
Located across from a municipal parking lot and surrounded by national tenants.
Features 8,000 SF ground floor plus 8,000 SF full basement.

Overview

Located on Rockaway Parkway in Canarsie, Brooklyn, 1404 Rockaway Parkway is a single-story commercial property offering 8,000 square feet on the ground floor with an additional 8,000 square foot full basement. The property is situated on a lot measuring 75 x 106 square feet. The building is located on a heavily trafficked block across from a municipal parking lot and is surrounded by national tenants. The property can be delivered vacant, offering flexibility for an owner-user. A triple-net Walgreens lease is in place through March 2028 at $50,000 per month. The location benefits from strong visibility and steady foot and vehicle traffic along the Rockaway Parkway corridor. The area features a mix of national and local tenants including Dunkin’, Baskin-Robbins, Popeyes, McDonald’s, T-Mobile, Blink Fitness, Chase Bank, and Public Storage, along with neighborhood spots like Steph’s Cake Shop, Rockaway Gourmet, Fisherman’s Cove, and The Xperience Coffee House & Juice Bar. The location is surrounded by dense residential housing and active retail, providing a built-in customer base and consistent activity. The property is located between Glenwood Rd & Smiths Ln near the Canarsie - Rockaway Parkway subway station. Transportation options include the L train at Canarsie - Rockaway Parkway and the B60, B82, B42, B6, B17, & B82-SBS bus stops.

Location Intelligence

Current Use by Public Records

Phillip Truong Pharmacy Western Union Bank Ezinne Igwegbe Pharmacy Kettly Benjamin Pharmacy Dollar Deals Discount Store

Suggested Use

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Location Insight

Map
Local Demand

City: Brooklyn
County: Kings
State: New York
Longitude: -73.901947
Latitude: 40.644466

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For sale
Storefront properties
NY
Brooklyn
11236
1404 Rockaway Pkwy

What type of property is this?

Storefront property - Single-story retail building in Canarsie with strong income potential.

Where is this storefront property located?

The property is located at 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: High‑visibility location on heavily trafficked Rockaway Parkway in Canarsie.; Delivered vacant, offering flexibility for an owner‑user.; Triple‑net Walgreens lease through March 2028 generates $50,000 monthly income.