446 Rockaway Ave Brooklyn, NY 11212
- Retail space
- 2,000 SF
- 0.05 lot acres
Current Use by Public Records
- Retail space
Property Details for 446 Rockaway Ave
- Year built
- 1999
- Lot size
- 0.05 lot acres
- Property size
- 2,000 SF
- Zone code
- C4-3
- Property type
- Retail space
- APN
- 03521-0049
- APU
- 35210049
Description
Exceptional investment opportunity in Brooklyn's Brownsville neighborhood. This vacant 4,500 square foot retail building, located at 446-448 Rockaway Avenue, is offered at $1,650,000 with a 6.00% cap rate. The property boasts a desirable C4-3 zoning and is situated on a 45 x 100 foot lot with a matching building footprint. Taxes are $30,000 annually. The building features a full basement and is delivered vacant, providing immediate occupancy for a new owner. This high-traffic location on Rockaway Avenue benefits from proximity to numerous established businesses, including Chase Bank, Dollar Tree, Planet Fitness, McDonald's, and many more. Excellent public transportation access is available via the 2, 3, 4, and 5 trains at Rockaway Avenue, as well as several bus lines. Brownsville is undergoing revitalization efforts, enhancing local amenities and infrastructure. This property presents a unique chance to capitalize on the area's growth and strong retail environment. The property is currently vacant, allowing for immediate customization and tenant selection. Don't miss this chance to acquire a substantial retail property in a rapidly developing Brooklyn neighborhood.
Value Estimation
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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
- -73.9109
- Latitude
- 40.669
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
