Industrial Warehouse with
For Sale
Contact for pricing
770 Rockaway Parkway, Brooklyn, NY 11236
Vacant industrial warehouse offers 14-foot clear height, drive-in loading, renovated office space, and full HVAC.
Property Size8,800 SF
Price / SF$326.70
Days on Market107
Property Features for 770 Rockaway Parkway
General Information
Standard status
Active
Size
8,800 SF
Property subtype
Industrial
Zoning
M1-1
Investment Type
Owner/User
Building Details
Year Built
1957
Buildings
1
Stories
1
Units
2
Listing Agency:
Findor
Listed By:
Rob Finnerty · License #NY 10351219508
Source:
Crexi
Added: Jul 9
Changed: Oct 14
Last Checked: Oct 20 at 9:09PM
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 Findor
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Investment Insights
Based on property information with market context.
Delivered vacant at closing, this industrial property includes approximately 8,800 SF of warehouse space and 4,000 SF of on-site parking and storage. The facility has 14-foot clear ceilings, three drive-in loading doors, and 400-amp three-phase electrical service. Full HVAC is in place, along with renovated office space and an existing Auto Certificate of Occupancy.
The site includes a demapped portion of Rockaway Parkway, providing approximately 12,400 SF of total site control. The configuration is designed to support truck maneuverability and outdoor storage use. Access is located just minutes from the Belt Parkway and major Brooklyn transportation routes, with the property positioned on a quiet dead-end street.
The property is offered for sale with M1-1 industrial zoning, supporting industrial use within the existing configuration.
The site includes a demapped portion of Rockaway Parkway, providing approximately 12,400 SF of total site control. The configuration is designed to support truck maneuverability and outdoor storage use. Access is located just minutes from the Belt Parkway and major Brooklyn transportation routes, with the property positioned on a quiet dead-end street.
The property is offered for sale with M1-1 industrial zoning, supporting industrial use within the existing configuration.
Key Highlights
- Vacant industrial warehouse delivered vacant at closing for immediate occupancy or investment use
- Approximately 8,800 SF warehouse with 14‑foot clear ceilings and three drive‑in loading doors
- On‑site parking/storage of approximately 4,000 SF and outdoor storage potential from demapped Rockaway Parkway portion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$219,542
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,390,840
$4.4M
Cap Rate 7%
$3,136,314
$3.1M
Cap Rate 9%
$2,439,356
$2.4M
Market Conditions
NOI Build-Up for 8,800 SF
Gross rent
$380.2K $43.20/SF
− Vacancy
−$87.4K −$9.94/SF
EGI
$292.7K $33.26/SF
− OpEx
−$73.2K −$8.32/SF
NOI
$219.5K $24.95/SF
Area
Brooklyn, NY
Vacancy
23.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,390,840
Cap Rate 7%
$3,136,314
Cap Rate 9%
$2,439,356
Alternative Uses
Best Use
Office B
$3.14M
$2.74M – $3.66M
NOI $219,542 @ 7.0% cap · market cap 7.64%
Second Best
Flex RnD
$3.02M
$2.64M – $3.52M
NOI $211,411 @ 7.0% cap · market cap 7.35%
Theoretical Best
Specialty Retail
$7.29M
$6.38M – $8.50M
NOI $510,048 @ 7.0% cap · market cap 17.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,640
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Warehouse - Vacant industrial warehouse offers 14-foot clear height, drive-in loading, renovated office space, and full HVAC.
Where is this warehouse located?
The property is located at 770 Rockaway Parkway Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,875,000.
What are key features of this property?
This property features: Vacant industrial warehouse delivered vacant at closing for immediate occupancy or investment use; Approximately 8,800 SF warehouse with 14‑foot clear ceilings and three drive‑in loading doors; On‑site parking/storage of approximately 4,000 SF and outdoor storage potential from demapped Rockaway Parkway portion
