1314 Rockaway Parkway

Highlights:

• Turnkey modern building

Description:

Canarsie – Prime Rockaway Parkway Investment Opportunity

Fully Detached Mixed-Use Building | 2 Residential Units + 3 Commercial Units | 7,809 SF | Parking for 6 Cars | 3 Vacancy + Free Market

An exceptional investment or end-user opportunity in the heart of Canarsie’s high-traffic Rockaway Parkway retail corridor. This solid brick/concrete, fully detached mixed-use property offers tremendous flexibility, strong income potential, and significant development upside.

PROPERTY HIGHLIGHTS

Building Size: 40.25’ × 47.75’ (Approx. 7,809 SF)

Lot Size: 50.57’ × 125’ (Approx. 6,321 SF)

Zoning: R5D

Unused Buildable FAR: Approx. 4,804 SF

Ceiling Height: 15 ft (commercial units)

Parking: Private driveway fits up to 6 vehicles

Outdoor Space: Oversized enclosed backyard

3 units vacant – Fully FREE MARKET

RESIDENTIAL

Approx. 841 SF 2-family residential portion

Features a large 900 SF front terrace

Newly renovated with separate entrance

COMMERCIAL
Three (3) Medical/Office/Retail Units

Each unit approx. 1,532–2,000 SF, totaling ˜7,809 SF

Ideal for medical office, dental, school, daycare, adult care, community services, nonprofits, or general retail

Full sprinkler system

ADA-compliant elevator

Gut-renovated with new electrical systems

Heavy foot & vehicle traffic—excellent visibility and signage exposure

AVAILABLE FOR LEASE (Flexible Configuration)

Total Available: 3,400 SF across two levels

1st Floor – 2,000 SF (Asking $35/SF/Yr)

Two (2) ADA restrooms

Three (3) exam rooms/offices with sinks

Kitchenette

Private management office

Large reception/lobby with LED accent lighting

Lower Level – 1,400 SF (Asking $40/SF/Yr)

Waiting room + overflow area

Kitchenette

Three (3) exam rooms

Two (2) restrooms

LOCATION

Unbeatable convenience—just a 2-minute walk to the L train, multiple bus lines, banks, gyms, restaurants, supermarkets, and retail. Positioned within one of Canarsie’s busiest commercial hubs, ensuring steady foot traffic and strong potential tenant demand.

INVESTMENT SUMMARY

Turnkey asset – all 3 units vacant and ready for immediate occupancy

Perfect for owner-user, investor, or developer

Projected Cap Rate: Approx. 7% (pro-forma)

Significant value-add and redevelopment potential