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    61 Glen St Glen Cove, NY 11542

    For Sale
    $950,000

    Mixed Use - Glen Cove, NY

    Type:Mixed Use
    Property size:
    4,218 SF
    Days on Market:
    104
    Last Refresh:
    Dec 14 at 5:06 am

    Property Features for 61 Glen St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Rooms
    Basement
    Basement Y/N
    1
    Size
    4,218 SF

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Ductless

    Building Details

    Building materials
    Brick
    Architectural style
    Other

    Signature Premier Properties (631) 673-3700 [email protected]

    Listing agent Anthony Zanni (631) 585-8400 License #10401300210

    Listing date Sep 2, 2025

    MLS# 855051 Listing URL

    Copyright © 2025 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.

    Overview

    Glen Cove Mixed-Use Investment

    This fully rented mixed-use building is located in the heart of Glen Cove. The property features a restaurant with 9 years remaining on its lease, with a 3% increase every July. The restaurant tenant also covers any increases in taxes. Additionally, the building includes apartments that are fully rented. The sellers are responsible for taxes, 40% of the water bill (approximately $625 annually), and insurance (approximately $3,394.45). Tenants cover heat, electric, and 60% of the water bill. Seller financing is available for 20 years with a 30-year amortization at an 8% rate, requiring a 10-20% down payment. The property is located in Nassau County, New York.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Long Island Laundry ... Laundry Service Glen Street Laundromat ... Laundromat

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glen Cove
    County
    Nassau
    State
    New York
    Longitude
    -73.6288929
    Latitude
    40.8640021

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    FAQs

    What type of property is this?
    Mixed-use property - Fully rented commercial building with restaurant and apartments in Glen Cove.
    Where is this mixed-use property located?
    The property is located at 61 Glen St Glen Cove, NY.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Seller financing available with attractive terms: 20-year term, 30-year amortization, and 8% interest rate.; - Fully rented commercial building in a prime location in Glen Cove.; - Restaurant tenant has 9 years remaining on the lease with a 3% annual rent increase.
    (631) 585-8400
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    61 Glen St Glen Cove, NY 11542
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    61 Glen St Glen Cove, NY 11542
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