Rockaway Boulevard Price Reduced

142-01 ROCKAWAY BOULEVARD PRICE REDUCED

OWNER MOTIVATED

TEAMPREUSS CORNER TRAFFIC LIGHT SINGLE-TENANT COMMERCIAL BUILDING 142-01 ENTIRE BUILDING LEASED TO ROCKAWAY NEW YORK STATE BOULEVARD ASKING PRICE $510,000 6.0% CAP RATE

REDUCED PRICE - MOTIVATED OWNERSHIP - SUBMIT ALL OFFERS

BLOCK / LOT 12036 / 2 LOT DIMENSIONS 20’ X 54.28’ approx. LOT SQUARE FOOTAGE 1,085 sq. ft., approx.

BUILDING DIMENSIONS 20’ X 50’ approx. BUILDING SQUARE FOOTAGE 2,000 sq. ft., approx. (includes cellar) STORIES 1 plus basement YEAR BUILT 1931

ZONING R5D / C1-3 ASSESSMENT (2018) $77,220 REAL ESTATE TAXES (2018) $8,119

Cushman & Wakefield has been retained on an exclusive basis for the sale The property enjoys approximately 20 feet of frontage on Rockaway of 142-01 Rockaway Boulevard in Jamaica, Queens. Boulevard. This location experiences an average daily traffic of approxi- 142-01 Rockaway Boulevard is a traffic-light corner commercial building mately 20,000 cars passing daily and surrounded by a number of notable consisting of one tenant currently leased to New York State. The building is retailers including State Farm, Popeyes and Clean Rite. a total of 2,000 square feet over two floors, 1st and cellar. New York State 142-01 Rockaway Boulevard is located in proximity to multiple major is in place through December 2024 and has been in the space since July roadways including the the Van Wyck Expressway (2 blocks away), and 2013. Building has recently been renovated with a new roof, new electric, the Belt Parkway. The Q7 and Q40 bus lines are available outside the new plumbing, new HVAC system and newly painted. The senators office building and JFK Airport is a short drive away. has a private executive bathroom and public has a seperate ADA compliant Property inspections are by appointment only, please inquire within. bathroom on the first floor.

142-01 ROCKAWAY BLVD FINANCIAL SUMMARY REDUCED PRICE - MOTIVATED OWNERSHIP RENT ROLL & EXPENSES 142-01 - SUBMIT ALL OFFERS NET OPERATING INCOME ROCKAWAY BOULEVARD

TENANT LEASE EXPIRATION MONTHLY RENT ANNUAL RENT SQUARE FEET PRICE PER SQUARE FOOT

New York State December 2024 $3,250 $39,000 2,000 $19.50

TOTAL $3,250.00 $39,000.00 2,000

Rental Increase Schedule: Current Rent: $3,000 / mo

1/1/2019 - 12/31/2020: $3,250 / mo

1/1/2021 - 12/31/2022: $3,500 / mo

1/1/2023 - 12/31/2024: $3,750 / mo

GROSS MONTHLY $3,250.00 EXPENSES ESTIMATED EFFECTIVE GROSS INCOME $39,000.00 INCOME REAL ESTATE TAXES $8,119 OTHER EXPENSES $157.00 EFFECTIVE GROSS INCOME $39,000.00 ANNUAL EXPENSES ($8,276.00) TOTAL $8,276.00

NET OPERATING INCOME $30,724.00

142-01 ROCKAWAY BLVD

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E r r n P e t a d Dekalb Ave k r L n the y m y u r Lafayette Ave Leerts Blvd o n Pl k n c i S S o s t P L at e e N n wis Pky State St h B t l F vd ug P l e e o l Av r Etna St ty t r c Clinton St Paciﬁc St o e Cooper St b S h b Li o r u e e 142-01 t r t h A In e Ridgewood Ave r v S n ROCKAWAY e u P ky Jamaica Ave Linden Blvd t U 142-01 p n d i h on ROCKAWAY v Atlantic Ave L BOULEVARD i l S Mary Pinkett Ave t n o d B v g BOULEVARD l B B d a l l y v le e F n is d a ﬁ l S B a NEIGHBORHOOD 20 g t e ky R n bush P t oc i v ka d r n wa v r y BlvPOINTS OF INTEREST l p et Atlantic Ave t A d B S l

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A a 30 y bi r k ve r Atlantic Ave E 29 28 e 18 P C e 17 27 DINING & EATERIES m 16 n e d 12 10 N Rockaway Blvd 13 r o n 9 2 1 t n C 4 15 a l Popeyes Louisiana Kitchen Golden Krust 5 t a Paciﬁc St ondu 1. 11. 3 it 15 1414 8 5 F e r V A 13 9 2. Rockaway Fish House 12. Papa John’s Pizza 4 2 10 r d a S ve 11 1 6 u lv C 3 7 M k B l on 3. Great Dragon 13. Nanking 6 12 a erric 11 8 A du N 9 16 L it C 4. New Hunan Wok 14. Satguru Sweets v Hamilton Ave Bl on 7 vd du e 9th St it Blv 5. Superfine 15. Dunkin’ Donuts 19 6. Compass Coffee 16. Chawlas2 17 F d y e o 7. 144 Rockaway Deli 17. Crown Fried Chicken k t u Washington Ave P e S 8. Caribbean Style Cuisine 18. Domino’s Pizza S Av v n C A o d t 19 k nd 9. Dunkin’ Donuts 19. KFC h W or a uit t 18 n Me ph i 10. Crown Fried Chicken 20. Burger King a rr Y A 0 ic l l k Eastern Pky n ve s R 5 a w d H e 1 e N A 20 duit Av R on s I B v N C o E s Q Rockaway Ave e o wa r e Av E NEIGHBORHOOD RETAIL & POINTS OF INTEREST duit e Belt Pky C Flatbush Ave Brooklyn Ave n v N So o Southern Pky Memorial H r C i Pow/Mia w 7th Ave A a u du t Ave y 1 d s t n 6 sa h 1. Arch AutoN PartsCond 11. One StopN Liquor Storeo t 4th Ave u Ex er ui C W Sunrise Hwy h d n t A p Pk B S Sunrise Hwy S r y y 2. JFK Grocery l12.vd CitiBank Belt Pky t v

o e y 3. nMusadu Quickit SpotB Grocery 13. Pk99 Cent Store y d Co lvd Belt p Nas v df s ark W Rockaway Pky S 4. FDNY Engine 302 & Ladder 155 14. One Stop Liquor Store au E l x x S Central Ave P e py B y E oun Prospect Ave 5. Junior’s Food Outlet 15. Ji Lee Liquors y B da B p N xp ry N e F ct e Blvd as E K N l x Empir 6. Deal Ninety Nine Cents 16. BP sau R l r e d e i E F a p G 7. Taha Supermarket 17. Onyx Lounge J w v ncis R k Nostrand Ave ns os r y 8. U-Haul 18. Rockaway Tire Center em t Y o New York Ave a e w o e Pr n 9. AutoZone 19. Sleep Inn JFK S o L sen H r u v l r e 10. T-Mobile 20. Howard Johnson Inn h B 19th St i a k w Q lle ri t o 8 B i n A P s y 4 ve l m 1 B v kl a e l o yn Linden Blvd M d v o d r P e A B ro I REDUCED PRICE - sp Av M M 18th St e / c i t e W l l MOTIVATED OWNERSHIP - Ocean Ave P Flatlands Ave O P R e a d v rk SUBMIT ALL OFFERS A Shore Pky h S t 11 w ky P Ro t sedal el Rockaway Blvd e Rd B P Linden Blvd r o Parkside Ave sp 142-01 ROCKAWAY BLVD

Utica Ave 3rd Ave e c y E 5th St k t Pe P e l E v ia x n A n r p n o to sy y Ca m lv e a M ni a a i A M Rockaway Pky v / xpy E 108th St e w Van Wyck E Ditmas Ave o 39th St P C r o F ss r a B n r a k Church Ave l D y i n n B o Ditmas Ave A y s l k M v d P c y v lt i D d lv r c e k B e e S E u wy B h f D n P la o ei ve u re H L o A e s R s n r y o Ralph Ave in g o k a a n l n h P d e d i D y S P e Bay Ridge Ave r 6 k K r 5 P A Rockaway Tpke o t h on v h S e t ilt Flatbush Ave S Seaview Ave am 67th St t H r y o k 4th Ave F P lt e 65th St E B Bay Ridge Pky y 80 p th x S E t

s Ocean Ave e u v n A e e Sea View Ave h wa v t v o A 7 r A h G t t Coney Island Ave D

8 Rockaway Tpke h 1 y n a Utica Ave o s py w c e x v d i Flatlands Ave e A Utrec r id E ns a r J Bu enue o E s v w A r f Nostrand Ave

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P e l F a g e u d la ri t n E s B 14th Ave bus n x ow Bay Pky wy G a p rr H e h h y s r Na g ri A C in t v zano- P K s e h a o Avenue P e c rr ly n Ve a P e l A y Ocean Pky v k Bay 8th St e B P

P t o l w/ e M P B ia Memorial ky 86th St

B Avenue U y elt y w Pk k F y P S y ho re a re ho w Nostrand Ave S a P k ky c

Coney Island Ave o R Cr L Ocean Ave ei o f p E se ri y Avenue U c y Dr so A seph H Ma vd n v C o l D e J Seagirt B r ro v Re ss

Knapp St l Dr B anne ch Ch Flatbush Ave a Stillwell Ave a y e B B y r w i F d y kawa g Roc Park St e l Dr ne an Ch ch ea B Beech St ky wy Pky P y F hore lt a S Be ckaw ky Ro Leif E Belt P ricson Dr Pow Pky ve /Mia Memorial ky y Emmons A ore P k B Sh P e lt Pky n vd a l d B e h R ac c e l B e y O a h aw S ock y R k

W 17th St P

Neptune Ave ea c Marine Parkway Bridge r

W 37th St W 36th St O l D ne S an urf A Ch ve h ac Be FOR FURTHER INFORMATION, PLEASE CONTACT EXCLUSIVE AGENTS:

STEPHEN R. PREUSS DENISE PREVETE KEVIN LOUIE Senior Managing Director Director Associate Director (718) 512 2118 (718) 512 2605 (718) 512 2627 [email protected] [email protected] [email protected]

KEVIN SCHMITZ ANDREAS EFTHYMIOU Senior Associate Senior Associate (718) 512 2628 (718) 512 2621 [email protected] [email protected]

142-01 ROCKAWAY BOULEVARD, JAMAICA REDUCED ASKING PRICE: $510,000 - SUBMIT ALL OFFERS TEAMPREUSS

118-35 QUEENS BOULEVARD, 14TH FLOOR, FOREST HILLS, NY 11375 WWW.CUSHMANWAKEFIELD.COM