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Mixed-Use Buildings in East Rockaway, NY

$4,200,000

4 Centre Avenue, East Rockaway, NY 11518

Active
Last Updated: 08/18/2025

7.66

Cap Rate

321,892

NOI

Details:
Cap Rate:    7.66%
NOI:    $321,892
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.

Map:
Documents:
Title
East_Rockaway__4-12_Centre_Ave__Offering_Memorandum__August2025_1.pdf
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