490 Sunrise Hwy, Rockville Centre, NY
Two vacant buildings on Sunrise Highway, Rockville Centre.
- Added:
- May 13, 2025
- Days on Market:
- 392
- Last Refresh:
- May 19 at 8:47 pm
Property Features for 490 Sunrise Hwy
General Information
- Standard status
- Active
- Size
- 15,300 SF
- Lot size
- 0.48 Acres
- Property subtype
- RETAIL
Properties For Sale
at 490 Sunrise Hwy Contact us
Listing agent Jazib Khan
Listing office ERG (212) 807-6640
Listing date May 13, 2025
Source Moodyscre
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 ERG
HighLights
- Opportunity for end‑users, investors, or developers.
- Preliminary approvals in place for a multistory medical building.
- Located on Sunrise Highway with high traffic volume (37,000+ vehicles per day).
- Strong visibility from both Sunrise Highway and the LIRR train line.
- Close proximity to Mount Sinai Hospital.
- Portfolio consists of two vacant buildings totaling 15,300 sq ft on a 21,039 sq ft lot.
Overview
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 | $459.0k | $30.00 |
| − Vacancy | −$26.2k | −$1.71 |
| EGI | $432.8k | $28.29 |
| − OpEx | −$129.9k | −$8.49 |
| NOI | $303.0k | $19.80 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rockville Centre
- County
- Nassau
- State
- New York
- Longitude
- -73.635
- Latitude
- 40.6571
