34 Rockaway Avenue, Brooklyn, NY 11233
Commercial Building, Low-rise - Brooklyn, NY
- Added:
- Mar 31, 2026
- Days on Market:
- 93
- Last Refresh:
- Jul 1 at 9:06 pm
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
- Mixed‑use property at 34 Rockaway with two three‑bedroom residential units plus a commercial tenant
- Currently operating at over an 8% cap rate (per listing remarks)
- Low annual taxes of $5,671 (per listing remarks)
- Garage parking (parking feature reported as Garage)
- Property includes 3 bathrooms and bedrooms listed for Bedroom 1 through Bedroom 5 (per room list)
Overview
Located in Brooklyn, NY 11233, the asset is a straightforward option for buyers seeking a combination of living space and commercially leased use in one property. The listing notes annual taxes of $5,671.
From a tenant and owner perspective, this layout supports dual-use functionality: residential units provide defined living quarters while the commercial tenancy offers separate, dedicated occupancy within the same building. For investors or owner-occupants, the combination of two residential units plus a commercial tenant can simplify property management by consolidating operations under one roof, while still maintaining distinct residential and commercial components.
Local Financial Insights For Retail
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 | $210.0k | $77.76 |
| − Vacancy | −$25.0k | −$9.25 |
| EGI | $185.0k | $68.51 |
| − OpEx | −$55.5k | −$20.55 |
| NOI | $129.5k | $47.95 |
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
