34 Rockaway Avenue, Brooklyn, NY 11233
Commercial Building, Low-rise - Brooklyn, NY
- Added:
- Mar 31, 2026
- Days on Market:
- 74
- Last Refresh:
- Jun 12 at 4:06 am
Property Features for 34 Rockaway Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Garage
- Standard status
- Active
- Size
- 2,700 SF
Taxes and HOA fees
- Tax Annual Amount
- 0
Building Details
- Architectural style
- Other
Listing agent Jack Leguelaff (516) 232-4114
Listing office Compass 90 Fifth Avenue, 3rd Floor, New York, NY (646) 982-0353
Listing date Mar 31, 2026
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two expansive three‑bedroom residential units plus a commercial tenant in a mixed‑use building at 34 Rockaway
- Garage parking is available
- Annual taxes are reported at $5,671
- Currently operating at over an 8% cap rate
Overview
Located in Brooklyn, New York 11233, the offering pairs residential rental space with commercial occupancy in a single asset. The listing notes annual taxes of $5,671.
For buyers seeking an income-producing, owner-operated structure, this configuration provides both living and commercial cash flow within one property. The presence of a high-quality, reliable commercial tenant supports a turnkey setup alongside the two three-bedroom residential units. The listing also states the property is currently operating at over an 8% cap rate, providing a clear snapshot of current performance for prospective buyers.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $137.7k | $51.00 |
| − Vacancy | −$2.6k | −$0.97 |
| EGI | $135.1k | $50.03 |
| − OpEx | −$40.5k | −$15.01 |
| NOI | $94.6k | $35.02 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.911907
- Latitude
- 40.682595
