685 Rockaway Pkwy Brooklyn, NY 11236
Two-story home with flexible space in a convenient Brooklyn location.
- Added:
- Mar 11, 2026
- Days on Market:
- 125
- Last Refresh:
- Jul 2 at 1:32 pm
Property Features for 685 Rockaway Pkwy
General Information
- Standard status
- Active
- Size
- 2,508 SF
- Lot size
- 0.07 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1963
Listing office Tiger Realty (917) 708-9966
Listing date Mar 11, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Key Highlights
- Approx. 2,508 sq ft of interior living space.
- Located near the Canarsie–Rockaway Parkway L train terminal for direct subway access to Manhattan and Brooklyn.
- Sizable lot size of approx. 3,250 sq ft.
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 | $127.9k | $51.00 |
| − Vacancy | −$2.4k | −$0.97 |
| EGI | $125.5k | $50.03 |
| − OpEx | −$37.6k | −$15.01 |
| NOI | $87.8k | $35.02 |
