Rockaway Park, NY Self-Storage Opportunity – Queens, NY
106-02 Rockaway Beach Blvd, Rockaway Park, NY 11694
This offering represents a rare opportunity to acquire a newly constructed, institutional-quality self-storage facility in one of New York City’s most supply-constrained submarkets. The Property is a six-story, purpose-built facility featuring modern security and operational systems, including surveillance cameras, keypad access, and on-site management. It comprises 106,384 rentable square feet across 1,050 climate-controlled units, complemented by 83 below-grade interior parking spaces—a unique amenity in this dense urban market. Built to the highest standards, the asset reflects best-in-class construction and investment quality and benefits from a partial 15-year ICAP tax abatement on the parking component.
Strategically located in Rockaway Park, Queens, the Property sits within a neighborhood that combines strong residential density with limited commercial development. Accessibility is excellent via the Marine Parkway Bridge, Belt Parkway, subway service (Rockaway Park 116th Street station), and NYC Ferry, providing direct connectivity to Manhattan and Brooklyn. The trade area is severely under-supplied, with only 1.9 rentable square feet of self-storage per capita versus a national average of 6.3 square feet, creating a structural imbalance between demand and available inventory. Demographics indicate stable household growth and above-average incomes, while recent zoning changes and the elimination of ICAP benefits for new self-storage projects further elevate barriers to entry, limiting future competition.
This asset offers investors a compelling opportunity to secure a Class A facility in a severely underserved market. The Property’s quality construction, strategic location, and lack of nearby supply position it for strong lease-up and long-term rent growth. Additionally, the inclusion of 83 parking spaces provides a diversified ancillary revenue stream in a market that commands strong monthly rent. With barriers to entry effectively locking out new competitors, this Property offers a clear path to stable cash flow and long-term appreciation.