Mixed-Use Buildings in East Rockaway, NY
$4,200,000
4 Centre Avenue, East Rockaway, NY 11518
For Sale
Mixed Use
Residential/Retail
Active
Last Updated: 07/21/2025
7.19
Cap Rate
301,892
NOI
Details:
Cap Rate: 7.19%
NOI: $301,892
Building Size: 14,599 sqft
Lot Area: 27,718 sqft
Occupancy: 98%
Class: C
Units: 19
Lease Type: Modified Gross
Year Built: 1936
Price Per Sqft: $287.69
Zoning: Commercial
Tenancy: Multiple
Floors: 2
Parking Spots: 25
Gross Leaseable Area: 14,599
Investment Strategy: Opportunistic
Highlights:
- For Sale: (6) Commercial & Residential Buildings in East Rockaway, NY
- One Vacancy - Provides for a Great Lease-Up Opportunity
- 111 ft of Frontage on Centre Ave
- 25-30 On-Site Parking Spaces - Can Add 25 More if Paved
- Located within Walking Distance to the Centre Ave LIRR Train Station
Description:
American Investment Properties is retained to sell the property located at 4-12 Centre Ave, East Rockaway, NY. At this location are 6 commercial and residential buildings. There is currently one
vacancy which provides for a great lease-up opportunity. This property has wide frontage of 111 ft on Centre Ave and is located within walking distance to the Centre Ave LIRR train station.
Documents:
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East_Rockaway__4-12_Centre_Ave__Offering_Memorandum_.pdf
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Location
Gallery
