164 Rockaway Ave, Brooklyn, NY 11233
This exceptional retail opportunity presents a vacant, three-story building ideally situated at 164 Rockaway Avenue in Brooklyn, New York, 11233. The property, built in 1927, boasts 3,800 square feet and is situated on a northwest corner lot (Lot 59, Block 1551), offering excellent street visibility with 20 feet of frontage and a 55-foot depth. The building comprises five units, previously configured as a well-established nail salon with five nail tech stations, five pedicure stations, and a front desk equipped with a point-of-sale system. The previous tenant cultivated a strong social media presence, indicating significant potential for future businesses. The property is currently vacant, offering a blank canvas for a new owner to customize the space to their specific needs. With a remaining lease term of five years, this presents a unique opportunity to establish a thriving business in a bustling Brooklyn neighborhood. The asking price is $85,000, and the seller is highly motivated to negotiate. This is a rare chance to acquire a well-located, established retail space in a high-traffic area. The property's size and location make it suitable for a variety of retail uses.
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Lotus Nail Lounge Nail Salon
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Lotus Beauty Supplies (Bike/Boat/Book/etc) Store Cosmetic 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.