About 200 Rockaway Avenue
Calling All Investors, Developers & End-Users!!! 100% Occupied 5,475 Sqft. 3 Unit Corner Mixed-Use Building In Valley Stream For Sale!!! The Building Features Excellent Signage, Great Exposure, Strong C-1 Zoning, 86 Parking Spaces, High 10’ Ceilings, Private Driveway, Gated Yard, Strategically Placed Curb Cut, Signalized Intersection, Basement, Accessible Ramp, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Valley Stream Just 3 Blocks From Sunrise Hwy. & Only 4 Blocks From The LIRR Station!!! The Property Has 100’ Of Frontage On W. Jamaica Ave. + 25’ Of Frontage On Rockaway Ave.!!! The Building Is Situated Next Door To A Large Municipal Parking Lot! The Property Has A Daily Traffic Count Of 9,500+ Vehicles Per Day!!! Neighbors Include Audi, Toyota, Volkswagen, Honda, Chase Bank, AT&T, Walmart, The Home Depot, Target, Staples, CVS, 7-Eleven, Extra Space Storage, Best Buy, Blink Fitness, Dick’s Sporting Goods, King Kullen, Wendy’s, Taco Bell, McDonald’s, Dollar Tree, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Pizzeria (3,600 Sqft.): $71,600 Ann.; 3% Ann. Inc.; 10 Year Lease + 10 Year Option. 2 Br. Apt.: $26,400 Ann. M-M. 2 Br. Rear Apt.: $27,600 Ann. M-M. Current Gross Income: $125,600 Ann. Expenses: Gas: $1,260 Ann. (Apartment Heat Only) Electric: $526 Ann. Maintenance & Repairs: $250 Ann. Insurance: $2,836 Ann. Water: $600 Ann. Taxes: $26,091.41 Ann. Total Expenses: $31,563.41 Ann. Net Operating Income (NOI): $94,036.59 Ann. (6.49 Cap!!!)
Features of 200 Rockaway Avenue
| MLS® # | 828457 |
|---|---|
| Price | $1,450,000 |
| Bathrooms | 0.00 |
| Square Footage | 5,475 |
| Square Footage | 2500 |
| Acres | 0.00 |
| Year Built | 1974 |
| Type | Commercial |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 200 Rockaway Avenue |
|---|---|
| City | Valley Stream |
| County | Nassau County |
| State | NY |
| Zip Code | 11580 |
Amenities
| Utilities | See Remarks |
|---|---|
| Parking Spaces | 86 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural Gas |
|---|---|
| Cooling | Central Air |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Construction | Brick, Frame |
|---|
Additional Information
| Listing Courtesy of | All Island Estates Realty Corp |
|---|---|
| Date Listed | February 25th, 2025 |
| Days on Market | 230 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | All Island Estates Realty Corp |
|---|