Current Use by Public Records
- Phillip Truong / Pharmacy
- Western Union / Bank / Credit Union
- Ezinne Igwegbe / Pharmacy
- Kettly Benjamin / Pharmacy
- Dollar Deals / Discount Store
Property Details for 1404 Rockaway Pkwy
- Property type
- Retail properties & Spaces
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9031
- Latitude
- 40.6455
