Two-Story Office Building with
For Sale
$1,080,000
14610 ROCKAWAY BLVD, Jamaica, NY 11436
Configured with private offices, conference space, kitchens, bathrooms, and dedicated storage areas.
Property Size2,263 SF
Price / SF$477.24
Days on Market319
Property Features for 14610 ROCKAWAY BLVD
General Information
Standard status
Active
Size
2,263 SF
Property subtype
Office
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$16,716
Amenities
kitchen
bathrooms
backyard
conference room
Central Air
3
Building Details
Year Built
1930
Buildings
1
Stories
2
Listing Agency:
Century Homes Realty Group LLC
(917) 703-3737
Listed By:
Yi Lin
(917) 703-3737
Source:
Xome
Added: Oct 17, 2025
Changed: Aug 31
Last Checked: Aug 31 at 12:40AM
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 Century Homes Realty Group LLC
Investment Insights
Based on property information with market context.
This office building at 14610 Rockaway Blvd includes two above-grade levels and a full basement. The 20' x 70' footprint supports a practical multi-room configuration, with central air throughout. The first floor contains a kitchen, two bathrooms, an open work area, and a rear exit to the backyard. Upstairs are a second kitchen, three private offices, and a conference room. Basement space provides additional storage.
The property is positioned along the Rockaway Blvd corridor in Jamaica, with access to major roadways and public transportation. It was built in 1930 and can be delivered vacant at closing, offering flexibility for an owner-user or continued office occupancy.
The property is positioned along the Rockaway Blvd corridor in Jamaica, with access to major roadways and public transportation. It was built in 1930 and can be delivered vacant at closing, offering flexibility for an owner-user or continued office occupancy.
Key Highlights
- Two‑story office building with full basement
- 20' x 70' building footprint
- First floor includes kitchen, two bathrooms, open work area, and backyard exit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,507
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,490,140
$1.5M
Cap Rate 7%
$1,064,386
$1.1M
Cap Rate 9%
$827,856
$827.9K
Market Conditions
NOI Build-Up for 2,263 SF
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.
Gross rent
$114.1K $50.40/SF
− Vacancy
−$14.7K −$6.50/SF
EGI
$99.3K $43.90/SF
− OpEx
−$24.8K −$10.97/SF
NOI
$74.5K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,490,140
Cap Rate 7%
$1,064,386
Cap Rate 9%
$827,856
Alternative Uses
Best Use
Office B
$1.06M
$931.3K – $1.24M
NOI $74,507 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,782 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
Explore this area
Business Placement
Demographics for 11436, NY
20,620
Population
6,617
Households
3.1
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
0.8 sq mi
ZIP Area
25,775
Density / Sq Mi
$86,104
Median Household Income
$42,386
Median Earnings
$2,079
Median Rent
$602,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Configured with private offices, conference space, kitchens, bathrooms, and dedicated storage areas.
Where is this office building located?
The property is located at 14610 ROCKAWAY BLVD Jamaica, NY.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Two‑story office building with full basement; 20' x 70' building footprint; First floor includes kitchen, two bathrooms, open work area, and backyard exit
