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    1983 Rockaway Pkwy Brooklyn, NY 11236

    Sponsored
    For Sale
    $450,000

    576 SF Office, Excellent Investment

    Property size:
    576 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 576-square-foot commercial office building in Brooklyn's Canarsie neighborhood is available for $450,000. Situated on a 3,120-square-foot lot (26' x 120'), this one-story detached building features R4 zoning. The property includes a basement offering additional storage space. Its location on Rockaway Parkway provides excellent visibility and accessibility. The building has been well-maintained and is ideal for various professional uses, potentially including a medical practice. The property will be delivered vacant at closing. Additional income potential exists through the rental of available parking spaces. Cash offers are strongly preferred. This presents a compelling investment opportunity in a desirable Brooklyn location.

    Property Features for 1983 Rockaway Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    576 SF

    Building Details

    Stories
    1
    Units
    1

    HighLights

    • 576‑square‑foot commercial office building in Brooklyn's Canarsie neighborhood for sale at $450,000.
    • Located on a 3,120‑square‑foot lot (26' x 120') with R4 zoning.
    • One‑story detached building with a basement for additional storage.
    • Excellent visibility and accessibility on Rockaway Parkway.
    • Well‑maintained building, vacant at closing, suitable for various professional uses.
    • Potential for additional income from parking rental.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stephen M. Oddo, ... Ophthalmologist Sciortino Patrick MD Ophthalmologist Eye Care Center Ophthalmologist

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings (Brooklyn)
    State
    New York
    Longitude
    -73.8901557
    Latitude
    40.6345828

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    FAQs

    What type of property is this?
    Office Property / Space - 576 SF Office, Excellent Investment
    Where is this office property / space located?
    The property is located at 1983 Rockaway Pkwy Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 576-square-foot commercial office building in Brooklyn's Canarsie neighborhood for sale at $450,000.; Located on a 3,120-square-foot lot (26' x 120') with R4 zoning.; One-story detached building with a basement for additional storage.
    Request Owner's contact information
    1983 Rockaway Pkwy Brooklyn, NY 11236
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    Brooklyn, NY 11236
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1983 Rockaway Pkwy Brooklyn, NY 11236
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