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    164 Rockaway Ave Brooklyn, NY 11233

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    164 Rockaway Ave Brooklyn, NY 11233


    • Retail properties & Spaces
    • 3,800 SF
    Off-Market

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lotus Nail Lounge / Nail Salon
    • Lotus Beauty Supplies / (Bike/Boat/Book/etc) Store / Cosmetic Store

    Property Details for 164 Rockaway Ave

    Year built
    1927
    Property size
    3,800 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.911
    Latitude
    40.6777
    More about this property
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