For Sale: East Rockaway Flex Building

21 RYDER PLACE, EAST ROCKAWAY, NY 11518

Executive Summary:

Price:	$9,879,855
Building Size:	49,250 SF
Property Type:	Flex Industrial
Lot Size:	1.13 Acres
Year Built:	1954
Cap Rate:	6.90%
NOI:	$681,710
Location:	21 Ryder Pl East Rockaway, NY 11518

Investment Highlights

88% Leased Flex Warehouse Building With 1 Vacancy
Features Office & Warehouse Space For Light Manufacturing
Located a Short Distance From the East Rockaway Train Station
Tenants Directly Pay for Utilities
On-Site Parking with 100 Spaces
Most Tenants are on Multi-Year Leases
12 Minutes From JFK Or the 5-Towns Area
Real Estate Taxes Recently Reduced in 2022

Investment Summary

American Investment Properties is retained to sell the property located at 21 Ryder Pl, East Rockaway. At this location is a flex warehouse building with one current vacancy. The building features office & warehouse space and its tenants directly pay for utilities.

Most tenants are on multi-year leases and have been at this location for several years. There is on-site parking with 100 spaces and the property is located a short distance from the East Rockaway train station.

About East Rockaway, NY

East Rockaway is a village located in Nassau County, Long Island, New York. It is in the Town of Hempstead at the base of the Rockaway Peninsula. The village started as a shipping and trading center for the south shore of Long Island.

The Haviland-Davison Grist Mill is one of the historic landmarks that can be found in the village. It derives its historical significance from an association with the early settlement pattern and economic success of its south shore community. In fact, it was included in the New York State and National Registers of Historic Places validating the high esteem in which the Haviland-Davison Grist Mill is held locally. Now, it serves as a museum that opens weekends every summer containing village artifacts and historical material.

The Baisley Free Library has become The East Rockaway Free Library located in a fine colonial brick building that is open to anyone. The East Rockaway Public School District is committed to provide safety and quality education of their students. The village also has a low crime rate making it a very safe to live. It is protected by the 4th Precinct of the Nassau County Police Department.