Cooperative Retail/Office
57A Cutter Mill Great Neck, NY 11021
For Sale
$488,888
SINGLE_FAMILY - Great Neck, NY
Property Size800 SF
Price / SF$611.11
Days on Market95
Property Features for 57A Cutter Mill
General Information
Property type
Residential
Property subtype
Office
Standard status
Active
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12000
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Building materials
Block
Listing Agency:
Charles Rutenberg Realty Inc
(516) 575-7500
Listed By:
Mehran M. Shahravan
(516) 575-7500
Added: Apr 26
Changed: Jul 27
Last Checked: Jul 29 at 12:06PM
MLS# 990845
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 cooperative retail/office storefront is offered for sale at 57A Cutter Mill in Great Neck, NY 11021. The space is approximately 800 square feet and is designed to support either retail or office use, with a configuration suited to a neighborhood-oriented storefront environment.
The unit is positioned on a busy main road in Great Neck, with a short walk to the LIRR. Ownership includes maintenance covering taxes and heat, providing a streamlined monthly expense structure compared to separately managed operating costs.
The unit is positioned on a busy main road in Great Neck, with a short walk to the LIRR. Ownership includes maintenance covering taxes and heat, providing a streamlined monthly expense structure compared to separately managed operating costs.
Key Highlights
- Prime location in the heart of Great Neck on a busy main road.
- Short walk to the Long Island Rail Road (LIRR).
- Approximately 800 sq ft storefront suitable for retail or office use.
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 | $24.0k | $30.00 |
| − Vacancy | −$1.4k | −$1.71 |
| EGI | $22.6k | $28.29 |
| − OpEx | −$6.8k | −$8.49 |
| NOI | $15.8k | $19.80 |
800 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$226.3K
$198.0K – $264.0K
NOI $15,842 @ 7.0% cap · market cap 3.24%
Second Best
Office B
$196.5K
$172.0K – $229.3K
NOI $13,756 @ 7.0% cap · market cap 2.81%
Theoretical Best
Specialty Retail
$528.9K
$462.8K – $617.1K
NOI $37,026 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Great neck florist — 352 Great Neck Rd, Great Neck, NY 11021
- Love U Flowers — 164 Northern Blvd, Great Neck, NY 11020
- Royal Floral Designs — 37 S Middle Neck Rd, Great Neck, NY 11021
- Flower City Florist — 27 S Middle Neck Rd, Great Neck Plaza, NY 11021
- A & B Floral — 1 Bond St, Great Neck, NY 11021
Frequently Asked Questions
What type of property is this?
Storefront property - Cooperative storefront/office unit on a busy main road with maintenance including taxes and heat.
Where is this storefront property located?
The property is located at 57A Cutter Mill Great Neck, NY.
What is the asking price?
The asking price for this property is $488,888.
What are key features of this property?
This property features: Prime location in the heart of Great Neck on a busy main road.; Short walk to the Long Island Rail Road (LIRR).; Approximately 800 sq ft storefront suitable for retail or office use.
