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