Three-Unit Corner
For Sale
$749,999
120 Rockaway Ave, Valley Stream, NY 11580
Fully occupied corner property with all-brick construction and street parking.
Property Size3,420 SF
Days on Market50
Property Features for 120 Rockaway Ave
General Information
Standard status
Active
Size
3,420 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$20,229
Building Details
Building Size
3,420 SF
Year Built
1921
Buildings
1
Units
3
Construction
brick
Tenancy
Multi
Listing Agency:
Bird & Swing LLC
Listed By:
Varun V. Suchdeve · License #10301224496
(631) 223-6530
Source:
Elliman
Added: Aug 28
Changed: Oct 1
Last Checked: Oct 16 at 9:36AM
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 Bird & Swing LLC
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Investment Insights
Based on property information with market context.
This three-unit storefront property at 120 Rockaway Ave in Valley Stream, NY, is fully occupied and constructed with all-brick exterior walls. The building occupies a corner position at Rockaway Avenue and W Mineola Avenue, providing exposure along two streets. Street parking is available for visitors and customers.
Constructed in 1921, the property offers an established commercial configuration with three occupied units. Its location records a 92 walk score, 57 transit score, and 52 bike score, reflecting access by multiple transportation modes.
Constructed in 1921, the property offers an established commercial configuration with three occupied units. Its location records a 92 walk score, 57 transit score, and 52 bike score, reflecting access by multiple transportation modes.
Key Highlights
- Three commercial units, all fully occupied
- Corner position at Rockaway Avenue and W Mineola Avenue
- All‑brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,726
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,354,520
$1.4M
Cap Rate 7%
$967,514
$967.5K
Cap Rate 9%
$752,511
$752.5K
Market Conditions
NOI Build-Up for 3,420 SF
Gross rent
$102.6K $30.00/SF
− Vacancy
−$5.8K −$1.71/SF
EGI
$96.8K $28.29/SF
− OpEx
−$29.0K −$8.49/SF
NOI
$67.7K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,354,520
Cap Rate 7%
$967,514
Cap Rate 9%
$752,511
Alternative Uses
Best Use
Retail
$967.5K
$846.6K – $1.13M
NOI $67,726 @ 7.0% cap · market cap 9.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.26M
$1.98M – $2.64M
NOI $158,286 @ 7.0% cap · market cap 21.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,928
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Dunkin' Donuts
Dining
16,695 visits/mo
0.3 miles
Demographics for 11580, NY
43,026
Population
13,582
Households
3.2
Avg Household Size
41
Median Age
38%
College-Educated
89%
High-School Grad
3.9 sq mi
ZIP Area
11,032
Density / Sq Mi
$135,385
Median Household Income
$56,417
Median Earnings
$1,852
Median Rent
$602,500
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
Similar Off Market Nearby
- Wild Iris Inc — 70 Sunrise Hwy, Valley Stream, NY 11580
- Stefan's Flowers Inc — 321 hendrickson ave, lynbrook, ny 11563
Frequently Asked Questions
What type of property is this?
Storefront property - Fully occupied corner property with all-brick construction and street parking.
Where is this storefront property located?
The property is located at 120 Rockaway Ave Valley Stream, NY.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Three commercial units, all fully occupied; Corner position at Rockaway Avenue and W Mineola Avenue; All‑brick construction
