Daniel Lebor - Commercial Real Estate Showcase

Daniel Lebor Property Listings
Director of Business Development
634 Dean St
Brooklyn, NY 11238
(718) 768-6888
(646) 253-7750

1759 - 1761 Rockaway Parkway

Brooklyn, NY 11236-4825 - North Brooklyn Submarket

Property Type:Office Sub Type:Medical Status:Existing Year Built:1965
Stories:2 Typical Floor:3,264 SF Building Size:6,550 SF
For Sale Price:$2,200,000 Price/SF:$335.88
Cap Rate:6.38 %
Parking:Free Surface spaces are available; Ratio of 1.47/1,000 SF Amenities:Bus Line

Sale Notes:
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.

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 $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 Parkway station.

Michael Hernandez
(718) 768-6888 x108

Daniel Lebor
(718) 768-6888

Dan Marks
(718) 768-6888

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