Seven-Store Retail
18-03 - 18-17 Mott Avenue, Far Rockaway, NY 11691
For Sale
New
$2,999,999
Corner property offers four vacant storefronts alongside three occupied retail and community spaces.
Property Size6,900 SF
Lot Size0.17 Acres
Price / SF$434.78
Days on Market7
Property Features for 18-03 - 18-17 Mott Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Corner Location
Tenant in Place
Building Details
Year Built
Buildings
Stories
Construction
Tenancy
Listing Agency:
5 Boro Realty Corp
Listed By:
Gabrielle Winters (gabrielle@5brc.com)
(718) 358-4000
Source:
Sidarealty
Added: Nov 1
Changed: Nov 6
Last Checked: Nov 6 at 3:18PM
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 5 Boro Realty Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This one-story brick retail property contains 6,900 square feet across seven stores on a 7,330-square-foot lot. Three storefronts are occupied by a convenience store, Subway, and a church; four are available for lease. Built in 2006, the building has approximately 132 feet of frontage on Mott Avenue and 104 feet on Cornaga Avenue.
At the meeting of Mott and Cornaga avenues in Downtown Far Rockaway, the property is zoned R6/C2-4 within the Special Downtown Far Rockaway District. It is developed at 0.94 FAR against a permitted 2.2 FAR, with approximately 9,236 square feet of unused buildable area. New mid- and high-rise buildings are under construction in the surrounding area.
At the meeting of Mott and Cornaga avenues in Downtown Far Rockaway, the property is zoned R6/C2-4 within the Special Downtown Far Rockaway District. It is developed at 0.94 FAR against a permitted 2.2 FAR, with approximately 9,236 square feet of unused buildable area. New mid- and high-rise buildings are under construction in the surrounding area.
Key Highlights
- Seven‑store configuration in a one‑story brick building
- 6,900 SF building on a 7,330 SF lot
- Three occupied spaces and four available for lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,165
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,463,300
$2.5M
Cap Rate 7%
$1,759,500
$1.8M
Cap Rate 9%
$1,368,500
$1.4M
Market Conditions
NOI Build-Up for 6,900 SF
Gross rent
$207.0K $30.00/SF
− Vacancy
−$31.1K −$4.50/SF
EGI
$176.0K $25.50/SF
− OpEx
−$52.8K −$7.65/SF
NOI
$123.2K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,463,300
Cap Rate 7%
$1,759,500
Cap Rate 9%
$1,368,500
Alternative Uses
Best Use
Retail
$1.76M
$1.54M – $2.05M
NOI $123,165 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.09M
$4.45M – $5.93M
NOI $356,073 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,590
Businesses Nearby
120k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 35%
Home Improvements & Furnishings 2%
Electronics 2%
Dollar Tree
Shops & Services
27,303 visits/mo
0.5 miles
Dunkin' Donuts
Dining
18,867 visits/mo
0.5 miles
Pollo Campero
Dining
15,940 visits/mo
0.5 miles
Family Dollar
Shops & Services
12,736 visits/mo
0.5 miles
Advance Auto Parts
Shops & Services
8,502 visits/mo
0.5 miles
Demographics for 11691, NY
64,673
Population
23,400
Households
2.8
Avg Household Size
34
Median Age
23%
College-Educated
78%
High-School Grad
2.7 sq mi
ZIP Area
23,953
Density / Sq Mi
$57,027
Median Household Income
$40,366
Median Earnings
$1,444
Median Rent
$649,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Shopping center - Corner property offers four vacant storefronts alongside three occupied retail and community spaces.
Where is this shopping center located?
The property is located at 18-03 - 18-17 Mott Avenue Far Rockaway, NY.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: Seven‑store configuration in a one‑story brick building; 6,900 SF building on a 7,330 SF lot; Three occupied spaces and four available for lease
