Grocery Store With Attached
New
For Sale
$1,899,000
1010 Brookside Ave, Uniondale, NY 11553
Established retail operation includes a four-bedroom, three-bath home and substantial on-site parking.
Property Size3,086 SF
Days on Market2
Property Features for 1010 Brookside Ave
General Information
Standard status
Active
Size
3,086 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$35,767
Building Details
Building Size
3,086 SF
Year Built
1953
Listed By:
JennyJunghwa Lee CBR GRI SRES
Source:
Elliman
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 22 at 2:18PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$142,828
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
