For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
The Largest CRE Database in the US with Over 1 Million Listings

402 Rockaway Ave Brooklyn, NY 11212

Loading data...
Loading data...
Loading data...
For Sale
Contact for pricing

10,000sf Double Lot, High Potential

Property Features for 402 Rockaway Ave

General Information

Property type
Multifamily properties

We can help!

Listing Contact
Kevin Oliveira
Kevin Oliveira

Listing Agency: SERHANT Listing Agent: Kevin Oliveira

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

Learn more

Property Insight Report

Overview

This exceptional 10,000 square foot double lot in Brooklyn, NY (11212), presents a prime redevelopment opportunity. Situated on Rockaway Avenue in Kings County, this property boasts a highly desirable C4-3/R6 zoning designation, allowing for flexible mixed-use development. Currently operating as a parking lot, it generates a consistent income stream with a 5.5% cap rate, offering immediate returns. The location is ideal, providing high visibility and foot traffic in a vibrant commercial and residential district with easy access to major thoroughfares and public transportation. The substantial lot size and flexible zoning regulations allow for a high Floor Area Ratio (FAR), enabling the construction of a sizable building that can maximize both commercial and residential uses. This presents a unique chance to capitalize on the strong demand for both retail and residential spaces in this up-and-coming Brooklyn neighborhood. The property's potential for significant long-term value makes it an attractive investment for developers and investors alike seeking a development-ready site with immediate income and substantial future growth potential. This is a rare opportunity to acquire a prime development site in a highly desirable location.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Zipcar Car Rental Facility Pit Kin Parking Parking Lot & Garage Mold Inspection & Testing ... Social Service Agency

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.9111511
Latitude
40.6701307

FAQs

What type of property is this?
Multifamily property - 10,000sf Double Lot, High Potential
Where is this multifamily property located?
The property is located at 402 Rockaway Ave Brooklyn, NY.
What are key features of this property?
This property features: 10,000 sq ft double lot in Brooklyn, NY (11212), ideal for redevelopment.; C4-3/R6 zoning allows flexible mixed-use development.; Currently operates as a parking lot with a 5.5% cap rate.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message