Two-Story Salon Retail
1 School St 104 Glen Cove, NY 11542
New
1 School St 104, Glen Cove, NY, 11542
$999,900
For Sale
$999,900
Established salon space in a well-maintained condominium complex, operating for over 44 years across two floors.
Property Size3,500 SF
Price / SF$285.69
Days on Market2
Property Features for 1 School St 104
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- Commercial
Listing agency
Douglas Elliman Real Estate
(516) 623-2771
Listed by
Gus Lafkas · License #10301201664
(516) 623-2771
Source
Elliman
Added: Jul 21 Updated: Jul 22 at 3:55PM Checked: Jul 22 at 3:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This established salon space has been operating for over 44 years and is configured across two floors within a well-maintained condominium complex. The property is described as approximately 3,500 square feet and is currently operating as a salon.
The location is in Glen Cove and is characterized by high walkability based on the provided walk score. The condominium complex includes 100 on-site parking spaces for client and staff convenience.
BUSINESS IS SOLD SEPARATELY.
The location is in Glen Cove and is characterized by high walkability based on the provided walk score. The condominium complex includes 100 on-site parking spaces for client and staff convenience.
BUSINESS IS SOLD SEPARATELY.
Key Highlights
- Established salon space operating for over 44 years
- 3,500 SF across two floors within a well‑maintained condominium complex
- Salon space in the heart of Glen Cove with a high‑visibility location
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
Similar For Sale Nearby
Similar Off Market Nearby
- Capobianco's Glen Street Florist — 282 Glen St, Glen Cove, NY 11542
FAQs
What type of property is this?
Storefront property - Established salon space in a well-maintained condominium complex, operating for over 44 years across two floors.
Where is this storefront property located?
The property is located at 1 School St 104 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 within a well‑maintained condominium complex; Salon space in the heart of Glen Cove with a high‑visibility location
