Active

200 Rockaway Avenue

Valley Stream NY, 11580

$1,450,000


$264.84 per sqft

Active

5,475 sqft

Commercial

Built in 1974

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!!!)

828457

MLS ID

February 27, 2025

Listed

March 1, 2025

Updated

Interior Features

Total Stories

2


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.06 Acres


Sewer

Public Sewer

Other Property Details

Taxes

$26,091


Tax Frequency

Annually


Days on Market

2


Garage

No


Parking Total

86


View

No


County

Nassau County


Water Source

Public


Utilities

See Remarks

Listed by Richard Matt Shane  with All Island Estates Realty Corp
Listing Contact: 516-783-5600 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Nodine Aldridge shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 10:17 PM UTC, 3/1/2025

  

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