This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

8409 Rockaway Blvd

3 Unit Apartment Building $1,729,000 ($576,333/Unit) 7.50% Cap Rate Ozone Park, NY 11416

Investment Highlights

  • Delivered Vacant
  • High foot traffic, thousand of vehicles pass by daily
  • Mixed-Use 2 Family + Store on Extra Large Lot! Great Investment & Development Opportunities!
  • Development Opportunity! Zoning Analysis is available upon request

Executive Summary

Mixed-Use 2 Family + Store on Extra Large Lot! Great Investment & Development Opportunities!
This large mixed-use property has a ton of potential. It has a development opportunity with 10,506 buildable square feet (Architectural Zoning Analysis is available upon request).
It is also great for an investor who is looking for a projected CAP rate of 7.5%. An end user can occupy the commercial space and run their business while collecting rents from 2 residential units. Another great business opportunity: this location was an established Veterinary Hospital for many years so it is a perfect spot to begin again. The property will be delivered vacant.
Great location! The property is located on Rockaway Blvd with lots of stores, restaurants and shopping; only 5 blocks to the Liberty Ave A train station; 2 blocks to Atlantic Ave; close to local and express bus stops on Woodhaven Blvd.
1st Floor: Commercial Unit
- Used to be occupied by a veterinarian’s office. Now it is great for any business
- Large, full finished basement that was used as a medical room with office space and storage
- Additional building at the back offers more space to enhance any business
2nd Floor:
- Two Spacious Apartments (1BR/1BTH layouts)
- Eat in Kitchens
- Full bathrooms
Other features include a full finished basement with 2 separate entrances giving easy access to the large fenced backyard; backyard has a built out shed (used as storage for the vet’s office) w/ a double garage; private driveway fits approximately 4-5 cars.
Building: 32 × 60 ft
Lot: 64.25 × 125.58 ft
Zoning: R6B, C2-3
FAR: 0.73; Max FAR: 2
Taxes: $8,700/Yr
Don’t Miss this Opportunity!
Contact For a Viewing TODAY!
Stellina Napolitano 646-372-7145
Capri Jet Realty 718-388-2188
*Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.

Property Facts

Price $1,729,000
Price Per Unit $576,333
Sale Type Investment
Cap Rate 7.50%
Sale Conditions
1031 Exchange
  • Build to Suit
  • High Vacancy Property
  • Redevelopment Project
No. Units 3
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low Rise
Lot Size 0.12 AC
Building Size 3,820 SF
Average Occupancy 0%
No. Stories 2
Year Built 1931
Parking Ratio 1.83/1,000 SF

Unit Amenities

  • Storage Space
  • Washer/Dryer
  • Tile Floors
  • Kitchen
  • Yard
  • Basement
  • Office

Site Amenities

  • Courtyard
  • Fenced Lot
  • Storage Space
  • Pet Care
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 2 - -
Walk Score ®
Very Walkable (83)
Transit Score ®
Excellent Transit (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09017-0025
Land Assessment
$9,877
Improvements Assessment
$33,441
Total Assessment
$43,318

zoning

Zoning Code R6B, C2-3
R6B, C2-3
  • Listing ID: 34370829

  • Date on Market: 1/4/2025

  • Last Updated:

  • Address: 8409 Rockaway Blvd, Ozone Park, NY 11416

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}