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10801 Rockaway Blvd 1,980 SF 100% Leased Retail Building South Ozone Park, NY 11420 $2,238,880 CAD ($1,130.75 CAD/SF) 5.55% Cap Rate
Executive Summary
10801RockawayBlvd presents a prime mixed-use investment opportunity located in the high-traffic
commercial corridor of SouthOzone Park, Queens. The property consists of one residential apartment
and two established commercial tenants: EZ Pawn Corp and a barbershop. With stable in-place income
and additional upside potential, this asset is ideal for both long-term investors and value-add buyers.
The property benefits from strong visibility, excellent frontage, and proximity to major thoroughfares
including Rockaway Blvd, the Belt Parkway, and JFK Airport. High daily foot and vehicle traffic
support robust commercial demand.
Based on the current Net Operating Income of $88,888, the property reflects a 5% cap rate valuation
of approximately $1,777,760, with further upside through rental growth and lease restructuring.
commercial corridor of SouthOzone Park, Queens. The property consists of one residential apartment
and two established commercial tenants: EZ Pawn Corp and a barbershop. With stable in-place income
and additional upside potential, this asset is ideal for both long-term investors and value-add buyers.
The property benefits from strong visibility, excellent frontage, and proximity to major thoroughfares
including Rockaway Blvd, the Belt Parkway, and JFK Airport. High daily foot and vehicle traffic
support robust commercial demand.
Based on the current Net Operating Income of $88,888, the property reflects a 5% cap rate valuation
of approximately $1,777,760, with further upside through rental growth and lease restructuring.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,980 SF
Building Class
C
Year Built
1920
Price
$2,238,880 CAD
Price Per SF
$1,130.75 CAD
Cap Rate
5.55%
NOI
$124,328 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.14
Lot Size
0.04 AC
Zoning
R4 - A low-density residential district allowing 1- to 2-family detached, semi-detached, and small multi-family homes.
Frontage
25’ on Rockaway Blvd
Amenities
- 24 Hour Access
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Metro/Subway
- Pylon Sign
- Signage
- Storage Space
- Air Conditioning
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11475-0006 | Improvements Assessment | $345,546 CAD |
| Land Assessment | $69,788 CAD | Total Assessment | $415,334 CAD |
Property Taxes
Parcel Number
11475-0006
Land Assessment
$69,788 CAD
Improvements Assessment
$345,546 CAD
Total Assessment
$415,334 CAD
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10801 Rockaway Blvd
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