Established Salon Space in
1 School Street Glen Cove, NY 11542
1 School Street, Glen Cove, NY, 11542
$999,900
For Sale
$999,900
SINGLE_FAMILY - Glen Cove, NY
Property Size3,500 SF
Lot Size0.43 Acres
Price / SF$285.69
Days on Market110
Property Features for 1 School Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking
- 100
- Parking features
- Parking Lot, Garage
- Standard status
- Active
- APN
- 0600-31-085-00-0026-UCA010200302
- Size
- 3,500 SF
- Lot size
- 0.43 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 14312
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Private
Building Details
- Floors in Building
- 2
- Flooring type
- Tile - Ceramic
Listing Agency
Douglas Elliman Real Estate
(516) 623-4500
2300 Merrick Rd, Huntington Station, NY
Listed by
Gus Lafkas · License #10301201664
(516) 445-0657
Added: Apr 2 Updated: Jul 7 at 1:31 am Checked: Jul 20 at 9:06 pm
MLS# 980614
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is an established salon space operating for over 44 years, configured across two floors within a well-maintained condominium complex. The offering totals 3,500 square feet, designed to support a long-running personal services operation. Please note that the business is sold separately, and this listing is for the real estate.
Located at 1 School Street in Glen Cove, Nassau County, the property is positioned for high-visibility access. The condominium setting provides 100 on-site parking spaces, supporting convenient arrivals for clients and staff.
For buyers or operators seeking a proven retail/personal services location, this space offers a ready-to-occupy layout for a salon concept within a maintained community property. The combination of an established operating history and plentiful parking makes it a practical fit for a continued personal services use or a compatible tenant seeking an existing salon environment.
Located at 1 School Street in Glen Cove, Nassau County, the property is positioned for high-visibility access. The condominium setting provides 100 on-site parking spaces, supporting convenient arrivals for clients and staff.
For buyers or operators seeking a proven retail/personal services location, this space offers a ready-to-occupy layout for a salon concept within a maintained community property. The combination of an established operating history and plentiful parking makes it a practical fit for a continued personal services use or a compatible tenant seeking an existing salon environment.
Key Highlights
- Established salon space operating for over 44 years
- 3,500 SF across two floors in a well‑maintained condominium complex
- Prime Glen Cove location with high‑visibility frontage
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.0k | $30.00 |
| − Vacancy | −$6.0k | −$1.71 |
| EGI | $99.0k | $28.29 |
| − OpEx | −$29.7k | −$8.49 |
| NOI | $69.3k | $19.80 |
3,500 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$990.2K
$866.4K – $1.16M
NOI $69,311 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.31M
$2.02M – $2.70M
NOI $161,989 @ 7.0% cap · market cap 16.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Sheetal Desai
Physician
Dr. Beata Surma, ...
Pediatrician
DiMaggio Associates
Law Firm
Muldoon & Muldoon
Law Firm
Assembly Member Charles ...
State Government Office
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FAQs
What type of property is this?
Retail space - Well-established two-floor salon space with abundant on-site parking in a maintained condominium complex in Glen Cove, NY.
Where is this retail space located?
The property is located at 1 School Street Glen Cove, NY.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Established salon space operating for over 44 years; 3,500 SF across two floors in a well‑maintained condominium complex; Prime Glen Cove location with high‑visibility frontage
