Property profile

1400 Brunswick Ave Far Rockaway, NY 11691

OFF-MARKET
Warehouses
Property ID
US63-6013184
37,279 SF 1.18 ac lot Built 1996
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property at 1400 Brunswick Avenue in Far Rockaway, Queens County, New York, presents a unique opportunity for businesses seeking expansive office space. The entire 37,200 square foot building is currently vacant, offering complete flexibility for a single tenant or the potential for multiple occupants. The property boasts a substantial lot size of 0.87 acres, providing ample room for expansion or outdoor amenities. The building features high ceilings at 19 feet, creating a bright and airy atmosphere. Convenient on-site parking is available with 15 spaces. The property is well-equipped with robust 600 Amp, 3-phase electrical service, ensuring sufficient power for even the most demanding operations. Located in the 11691 zip code, this property offers easy access to major transportation routes and is situated within the vibrant Far Rockaway community. The property type is classified as both Retail and Office, making it suitable for a wide range of businesses. This is a rare opportunity to acquire a large, fully vacant commercial building in a desirable location. The building's size and features make it ideal for a variety of uses, from corporate headquarters to large-scale retail operations. The ample parking and high-power electrical service are significant advantages. Don't miss this chance to secure a prominent presence in Far Rockaway.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1996
Total area 37,279 SF
Lot 1.18 ac (51,227 SF)
Zoning code M1-1
APN 15529-0143
UPID US63-6013184

Cap rate & NOI

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

Location

1400 Brunswick Ave Far Rockaway, NY 11691-3905
Far Rockaway metro Census 103202 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.32M
Blend (final) Blend
$2.77M

Owner & transaction history

since 2015
6 recorded transactions
2015
$4.2M
2009
Price N/A
2004
$3.7M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

M1-1 · Far Rockaway, NY

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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