$1,429,000
PENDING

1372 Rockaway Pkwy Brooklyn, NY 11236

Canarsie Neighborhood

Estimated payment $8,348/month

Total Views 1,636
-- Bed
-- Bath
3,000 Sq Ft
$476 Price per Sq Ft

Highlights

  • Wood Flooring
  • 2-minute walk to Canarsie-Rockaway Parkway
  • Back Yard
  • Heating System Uses Steam

About This Home

Great income producing Mixed-Use Building with 1-Store plus 2-Family over Basement is located on a busy commercial block in Canarsie. It is a convenient distance to ALL major transportation, shopping, strip mall, restaurants and more. This building features 2 vacant apartments above the store, and each apartment has 3 bedrooms with fully renovate on 3rd floor apt. The first floor is a nail salon, providing you with immediate rental income as soon as you close the deal. Optional parking can be accessed through the next-door neighbor. There are 2 water heaters and 1 gas boiler. Building size is 20x50', sitting on a 20x95' lot, with an annual property tax of $6,741. Won’t Last!

Listing Agent

Jason Zhou

RE/MAX Edge License #10301217017 Listed on: 03/28/2025

RE/MAX Edge

Co-Listing Agent

Ivan Li

RE/MAX Edge

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,741

Year Built

  • Built in 1935

Lot Details

  • 1,700 Sq Ft Lot
  • Lot Dimensions are 20 x 85
  • Back Yard
  • Property is zoned R5D/C2-3

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 3,000 Sq Ft Home
  • 3-Story Property
  • Partially Finished Basement
  • Walk-Out Basement

Flooring

  • Wood
  • Tile

Parking

  • 1 Parking Space
  • Shared Driveway

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 8165

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $3,000
  • Insurance Expense $2,500
  • Utility Expense $1,200
  • Gross Income $115,200
  • Net Operating Income $101,259

Property Details

Property Type

Other

Est. Annual Taxes

$6,741

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Basement Amenities: Semi-Finished, Separate Entrance
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1000
  • Building Length: 50.00
  • Building Width: 20.00
  • Co List Office Mls Id: 118210
  • Co List Office Phone: (718) 612-3088
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: Farragut Rd
  • Cross Street Name2: Glenwood Rd
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Hot Water
  • Number Of Families: 2
  • Parking Attributes: 1 Space
  • Parking Feature Single: Shared Drive
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 3000
  • Building Stories: 3
  • Street Name I D X: Rockaway
  • Street Number I D X: 1372
  • Waterfront Present: No
  • Year Built: 1935
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 1700

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 68
  • Roof: Flat

Utilities

  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 3000.00

Lot Info

  • Lot Dimensions: 20 X 85
  • Lot Size Irregular: No
  • Lot Size Length: 85
  • Lot Size Width: 20
  • Zoning: R5D/C2-3

Multi Family

  • Annual Gross Expense: 62041.00
  • Annual Gross Income: 115200
  • Insurance Expense: 2500.00
  • Property Net Operating Income: 101259.00
  • Unit Count: 3
  • Annual Utility Expenses: 1200.00

Tax Info

  • Flip Tax Amount: 6741.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,667 $45,180 $19,500 $25,680
2024 $6,667 $51,300 $19,500 $31,800
2023 $6,741 $62,940 $19,500 $43,440
2022 $6,551 $58,020 $19,500 $38,520
2021 $6,516 $50,220 $19,500 $30,720
2020 $4,887 $27,660 $19,500 $8,160
2019 $5,786 $27,660 $19,500 $8,160
2018 $5,909 $28,988 $18,545 $10,443
2017 $5,575 $27,348 $18,751 $8,597
2016 $5,158 $25,800 $19,500 $6,300
2015 $3,796 $29,692 $19,071 $10,621
2014 $3,796 $29,692 $19,071 $10,621
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2025 03/28/25 Pending -- -- --
03/28/2025 03/28/25 For Sale $1,429,000 -- $476 / Sq Ft
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $225,000 Commonwealth Land Title Ins
Bargain Sale Deed $225,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $225,000 Commercial
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 490404

Brooklyn Board of REALTORS®

APN: 08165-0068

New York Kings County Brooklyn 11236 Canarsie

1372 Rockaway Pkwy, Brooklyn, NY

This home is located at 1372 Rockaway Pkwy, Brooklyn, NY 11236 and is currently priced at $1,429,000, approximately $476 per square foot. This property was built in 1935. 1372 Rockaway Pkwy is a home located in Kings County with nearby schools including P.S. 114 Ryder Elementary School, I.S. 211 John Wilson, and Canarsie Ascend Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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Jason Zhou
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Jason Zhou
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RE/MAX Edge
(929) 493-4379