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    446 Rockaway Ave Brooklyn, NY 11212

    Sponsored
    For Sale
    $2,300,000

    Brooklyn Retail/Industrial Investment Opportunity

    Property size:
    4,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 4,500-square-foot single-story retail building presents a compelling investment opportunity in prime Brooklyn, NY. Situated on a 4,500-square-foot lot (45' x 100'), this fully built property boasts a full, finished 4,500-square-foot basement, offering significant potential. The C4-3 zoning allows for an additional 17,100 square feet of construction, unlocking substantial development possibilities. The building features a ceiling height ranging from 16 to 20 feet. Its strategic location on Rockaway Avenue, between Pitkin and Sutter Avenues, ensures high visibility and consistent foot traffic. The area is densely populated with a mix of residential, commercial, and recreational uses, and is further enhanced by the proximity of major transportation hubs and commercial corridors. Nearby national retailers include Chase Bank, Planet Fitness, McDonald's, Taco Bell, T-Mobile, Rite Aid, Foot Locker, GameStop, and Domino's. The property will be delivered vacant upon closing. Asking price is $2,300,000. This is a rare chance to acquire a versatile property with significant upside in a thriving Brooklyn neighborhood. The address is 446 Rockaway Avenue, Brooklyn, NY 11212.

    Property Features for 446 Rockaway Ave

    General Information

    Property type
    Restaurants
    Square Feet
    4,500 SF

    HighLights

    • 4,500 SF single‑story retail building on a 4,500 SF lot (45' x 100') in prime Brooklyn, NY.
    • Features a full, finished 4,500 SF basement.
    • C4‑3 zoning allows for 17,100 SF of additional construction.
    • High ceilings (16‑20 feet).
    • High‑visibility location on Rockaway Avenue, between Pitkin and Sutter Avenues, with strong foot traffic.
    • Delivered vacant at closing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    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
    -73.910869
    Latitude
    40.669001

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    FAQs

    What type of property is this?
    Restaurant - Brooklyn Retail/Industrial Investment Opportunity
    Where is this restaurant located?
    The property is located at 446 Rockaway Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: 4,500 SF single-story retail building on a 4,500 SF lot (45' x 100') in prime Brooklyn, NY.; Features a full, finished 4,500 SF basement.; C4-3 zoning allows for 17,100 SF of additional construction.
    Request Owner's contact information
    446 Rockaway Ave Brooklyn, NY 11212
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    Brooklyn, NY 11212
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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
    446 Rockaway Ave Brooklyn, NY 11212
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