1404 Rockaway Pkwy Brooklyn, NY 11236
This exceptional 16,000 square foot, single-story retail building is available for sale in Brooklyn's Canarsie neighborhood. Located on a high-traffic block with ample parking across the street, this property boasts a prime location near the Canarsie-Rockaway Parkway subway station (L train) and numerous bus lines. The building is currently vacant and offers significant potential for a variety of retail uses. Surrounded by established national tenants including Dunkin', McDonald's, Chase Bank, and many others, this property benefits from strong foot and car traffic. The building features a full basement, adding to its versatility. The lot dimensions are 75 x 106 feet, and the property is zoned R5-D/C1-3. This presents a unique opportunity to acquire a substantial retail space in a thriving Brooklyn community. The property's current capitalization rate is 8.5%, based on a previous lease of $50,000 per month triple net. The building's ground floor encompasses 8,000 square feet, with an additional 8,000 square feet in the lower level. This presents a rare opportunity to own a significant retail asset in a high-demand area.
-
Phillip Truong Pharmacy
-
Western Union Bank Credit Union
-
Ezinne Igwegbe Pharmacy
-
Kettly Benjamin Pharmacy
-
Dollar Deals Discount Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.