Industrial Warehouse with
770 Rockaway Parkway Brooklyn, NY 11236
770 Rockaway Parkway, Brooklyn, NY, 11236
Contact for pricing
For Sale
Contact for pricing
Vacant industrial warehouse offers 14-foot clear height, drive-in loading, renovated office space, and full HVAC.
Property Size8,800 SF
Price / SF$335.11
Days on Market14
Property Features for 770 Rockaway Parkway
General Information
- Standard status
- Active
- Size
- 8,800 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1957
Listing agency
Findor
Listed by
Rob Finnerty · License #NY 10351219508
Source
Crexi
Added: Jul 9 Updated: Jul 21 at 12:02PM Checked: Jul 21 at 12:02PM
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
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
Local Financial Insights For Office B
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 | $380.2k | $43.20 |
| − Vacancy | −$87.4k | −$9.94 |
| EGI | $292.7k | $33.26 |
| − OpEx | −$73.2k | −$8.32 |
| NOI | $219.5k | $24.95 |
8,800 SF · lease $43.20/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.14M
$2.74M – $3.66M
NOI $219,542 @ 7.0% cap · market cap 7.44%
Second Best
Flex RnD
$3.02M
$2.64M – $3.52M
NOI $211,411 @ 7.0% cap · market cap 7.17%
Theoretical Best
Specialty Retail
$7.29M
$6.38M – $8.50M
NOI $510,048 @ 7.0% cap · market cap 17.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
LZJ Inc Medical ...
Medical Supply Store
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FAQs
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 $2,949,000.
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
