396 Rockaway, Valley Stream, NY 11580

Nassau County, Valley Stream, New York 11580

$2,150,000  

Listing ID Number

25376

Property Description

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 369 Rockaway Avenue in the Village of Valley Stream. The subject property is a five-unit retail strip one block south of Sunrise Highway. The building offers 176’ of wrap around frontage on the corner of Rockaway Avenue and Roosevelt Avenue.

The single-story building is approximately 8,300 square feet split between five units. The property is currently occupied by a Liquor Store & a Nail Salon, and there are three vacancies. There is a large municipal parking lot just west of the property on Roosevelt Avenue.

This is an ideal opportunity for either an owner-user or an investor to enter a growing marketplace. Please reach out to the exclusive brokers with any questions.

Overview

Building Type:Commercial Buildings
Lot Sq Ft:8,305
Units:5
Building Sq Ft:8,300

Summary

Price Per Sq Ft:$259
Capitalization Rate:6.16%

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Daniel Abbondandolo
Director
(718) 512 2606
dan.abb@cushwake.com

Kevin Schmitz
Senior Associate
(718) 512 2628
kevin.schmitz@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.