Grocery Store With Attached
1010 Brookside Ave, Uniondale, NY 11553
For Sale
$1,899,000
Established retail operation includes a four-bedroom, three-bath home and substantial on-site parking.
Property Size3,086 SF
Days on Market48
Property Features for 1010 Brookside Ave
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listed By:
JennyJunghwa Lee CBR GRI SRES
Source:
Elliman
Added: Sep 22
Changed: Oct 26
Last Checked: Nov 6 at 9:47AM
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 JennyJunghwa Lee CBR GRI SRES
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This grocery store property combines a fully equipped retail operation with an attached single-family residence. The home provides 4 bedrooms and 3 full baths, creating a combined commercial and residential configuration. The property sits on a 12,654 sq. lot and includes substantial parking for the store. Built in 1953, the asset is located at 1010 Brookside Ave in Uniondale, New York. The grocery business has been operated by the current owner for 30 years, and the sale includes the property, business, and attached residence. Walk Score is 48, Bike Score is 43, and Transit Score is 27.
Key Highlights
- Fully equipped grocery store with attached residence
- Attached house includes 4 bedrooms and 3 full baths
- 12,654 sq. lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,828
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,856,560
$2.9M
Cap Rate 7%
$2,040,400
$2.0M
Cap Rate 9%
$1,586,978
$1.6M
Market Conditions
NOI Build-Up for 3,086 SF
Gross rent
$203.7K $66.00/SF
− Vacancy
−$13.2K −$4.29/SF
EGI
$190.4K $61.71/SF
− OpEx
−$47.6K −$15.43/SF
NOI
$142.8K $46.28/SF
Area
Nassau County, NY
Vacancy
6.50%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,856,560
Cap Rate 7%
$2,040,400
Cap Rate 9%
$1,586,978
Alternative Uses
Best Use
Specialty Retail
$2.04M
$1.79M – $2.38M
NOI $142,828 @ 7.0% cap · market cap 7.52%
Second Best
Retail
$873.0K
$763.9K – $1.02M
NOI $61,112 @ 7.0% cap · market cap 3.22%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
59k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 97%
Dining 3%
Apparel 1%
BP
Shops & Services
19,632 visits/mo
0.2 miles
Sunoco
Shops & Services
14,684 visits/mo
0.3 miles
7-Eleven
Shops & Services
10,994 visits/mo
0.4 miles
Family Dollar
Shops & Services
9,668 visits/mo
0.1 miles
Valvoline Instant Oil Change
Shops & Services
2,204 visits/mo
0.0 miles
Demographics for 11553, NY
26,929
Population
7,365
Households
3.7
Avg Household Size
36
Median Age
22%
College-Educated
82%
High-School Grad
3.2 sq mi
ZIP Area
8,415
Density / Sq Mi
$105,994
Median Household Income
$41,564
Median Earnings
$2,122
Median Rent
$486,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Grocery and convenience stores in Nassau County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- productos centro americanos lo Rosales corp — 686 Jerusalén ave, Uniondale, NY 11553
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established retail operation includes a four-bedroom, three-bath home and substantial on-site parking.
Where is this grocery and convenience store located?
The property is located at 1010 Brookside Ave Uniondale, NY.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Fully equipped grocery store with attached residence; Attached house includes 4 bedrooms and 3 full baths; 12,654 sq. lot
