1759 Rockaway Parkway, Brooklyn, NY 11236

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Office – Brooklyn

1759 Rockaway Parkway, Brooklyn, NY 11236 Corner Office Building – Five Units Plus Outdoor Parking Canarsie Property Information Address: Alt. Address: Neighborhood: Cross Streets: Block-Lot: Lot Size: Lot SF: Zoning:

1759 Rockaway Parkway Brooklyn, NY 11236 9701-9715 Avenue L Canarsie Avenue L/K 8243-5 38.17 ft x 128.67 ft irreg. 9,665 R4A

Building Information Building Class: Building Size: Stories: Gross SF: Cellar SF: Net SF: Office Units: Parking Lot SF:

O7 38.17 ft x 115 ft 1st Fl 38.17 ft x 79 ft 2nd Fl 2 7,062 3,015 6,550 5 5,618

Assessment (16/17): $554,040 Taxes (16/17): $59,039 Taxes per SF: $8.36

TerraCRG has been retained to exclusively represent ownership in the sale of the commercial office building at 1759 Rockaway Parkway in Canarsie, Brooklyn. Located on the corner of Avenue L and Rockaway Parkway, the office building is approximately 7,000 SF over two stories, with ~38 feet of frontage on Rockaway Parkway and 115 feet of frontage on Avenue L. The property consists of five office units and over 5,000 SF of parking. One unit is currently vacant and rents in the occupied units range from ~$25-41 per SF.

For more information, please contact Exclusive Marketing Team

Ofer Cohen Founder & President [email protected]

Dan Marks Partner [email protected]

Mike Hernandez Associate Vice President [email protected]

Daniel Lebor Associate Vice President [email protected]

718-768-6888

Tenants include Contemporary Eye Care, Canarsie Dental, Neighborhood Housing Services and 21st Century Dental of Canarsie. With an annual gross income of approximately $196,500 and estimated annual expenses of approximately $63,000; net operating income for the building is approximately $133,500 annually. The property is located on an active commercial corridor with national tenants including Chase, Walgreens, Burger King and True Value Hardware. Additionally, the surrounding neighborhood has a number of local restaurants and large retail shopping centers. The Belt Parkway, provides easy access around the borough, to Manhattan and New York's other outer boroughs. The property is also accessible via the L train just a short distance away at the Canarsie-Rockaway Pkwy station.

Asking Price

$2,400,000 TerraCRG I Licensed Real Estate Broker I 634 Dean Street, Brooklyn, NY 11238 I P: 718-768-6888 I F: 718-768-6288 | terracrg.com The information provided herein has either been given to us by the owner of the property or was obtained from sources we deem reliable. We do not guarantee the accuracy of any information. All zoning, existing square feet of buildings, available buildable square feet, permitted uses and any other information provided herein must be independently verified by prospective purchasers. The value of any real estate investment is dependent upon a variety of factors, including income, vacancy rates, expense estimates, tax brackets and general market assumptions, all of which should be evaluated by your tax advisor and/or legal counsel. Prospective buyer and tenants should carefully verify each item of information herein.