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4-12 Centre Ave 14,599 SF 100% Leased Retail Building East Rockaway, NY 11518 $5,582,284 CAD ($382.37 CAD/SF) 7.60% Cap Rate
INVESTMENT HIGHLIGHTS
- For Sale: (6) Commercial & Residential Buildings in East Rockaway, NY
- 111 ft of Frontage on Centre Ave
- Located within Walking Distance to the Centre Ave LIRR Train Station
- Fully-Occupied Investment Opportunity
- 25-30 On-Site Parking Spaces - Can Add 25 More if Paved
- Located on 4 Separate Parcels of Land
EXECUTIVE SUMMARY
At this location are 6 commercial and residential buildings. This property is fully-occupied and provides for a great investment opportunity. This property has wide frontage of 111 ft on Centre Ave and is located within walking distance to the Centre Ave LIRR train station.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
14,599 SF
Building Class
C
Year Built
1936
Price
$5,582,284 CAD
Price Per SF
$382.37 CAD
Cap Rate
7.60%
NOI
$424,103 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.53
Lot Size
0.64 AC
Zoning
Commercial
Parking
30 Spaces (2.05 Spaces per 1,000 SF Leased)
Frontage
111’ on Centre Ave
AMENITIES
- Corner Lot
- Restaurant
- Signage
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $17,560 CAD | |
| Land Assessment | $8,208 CAD | Total Assessment | $25,768 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$8,208 CAD
Improvements Assessment
$17,560 CAD
Total Assessment
$25,768 CAD
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4-12 Centre Ave
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