Property profile

164 Rockaway Ave Brooklyn, NY 11233

OFF-MARKET
Retail properties & Spaces
3,800 SF Built 1927
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1927
Total area 3,800 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nail Salon
  • (Bike/Boat/Book/etc) Store Cosmetic Store

Location

164 Rockaway Ave Brooklyn, NY 11233
Brooklyn metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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