Established Grocery Store on
For Sale
$5,900,000
176 Maple Ave, Monsey, NY 10952
Grocery store with equipment, space to grow, and income potential.
Property Size11,248 SF
Lot Size0.35 Acres
Days on Market296
Property Features for 176 Maple Ave
General Information
Standard status
Active
Size
11,248 SF
Lot size
0.35 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$48,114
Building Details
Building Size
11,248 SF
Listing Agency:
BLUE SKY REALTY GROUP LLC
Listed By:
Moshe Gottfried · License #49GO1149676
(914) 419-5551
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 9
Last Checked: Sep 18 at 6:29AM
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 BLUE SKY REALTY GROUP LLC
Investment Insights
Based on property information with market context.
This established grocery store on Maple Avenue presents an exceptional investment opportunity in a busy location. The 11,248 square foot building includes $1.5 million worth of equipment, ready for a takeout, bakery, meat, and fish department. The property features 22 offices and offers space to increase rental income. There are 24 parking spaces available. The new owner could increase the monthly income. The building has a generator. There is potential to generate additional income by finishing the 5th floor and expanding the supermarket with another 800 square feet.
Key Highlights
- Established grocery store business on Maple Ave.
- Includes $1.5 million worth of equipment for various departments (takeout, bakery, meat, fish).
- Potential to increase monthly income to $200,000+.
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
$520,586
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
8.82%
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%
$10,411,720
$10.4M
Cap Rate 7%
$7,436,943
$7.4M
Cap Rate 9%
$5,784,289
$5.8M
Market Conditions
NOI Build-Up for 11,248 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
$742.4K $66.00/SF
− Vacancy
−$48.3K −$4.29/SF
EGI
$694.1K $61.71/SF
− OpEx
−$173.5K −$15.43/SF
NOI
$520.6K $46.28/SF
Area
Rockland 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%
$10,411,720
Cap Rate 7%
$7,436,943
Cap Rate 9%
$5,784,289
Alternative Uses
Best Use
Specialty Retail
$7.44M
$6.51M – $8.68M
NOI $520,586 @ 7.0% cap · market cap 8.82%
Second Best
Retail
$2.26M
$1.98M – $2.64M
NOI $158,401 @ 7.0% cap · market cap 2.68%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,288
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 10952, NY
47,426
Population
11,743
Households
4
Avg Household Size
19
Median Age
26%
College-Educated
85%
High-School Grad
8.9 sq mi
ZIP Area
5,329
Density / Sq Mi
$70,696
Median Household Income
$35,340
Median Earnings
$1,715
Median Rent
$786,300
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
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Similar Off Market Nearby
- Monsey Housewares — 100 NY-59, Monsey, NY 10952
- Evergreen Kosher Market — 59 NY-59, Monsey, NY 10952
- All Fresh Supermarket — 19 NY-59, Monsey, NY 10952
- Motty's Supermarket — 19 main st, monsey, ny 10952
- Rockland Kosher Supermarket — 27 Orchard St, Monsey, NY 10952
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Grocery store with equipment, space to grow, and income potential.
Where is this grocery and convenience store located?
The property is located at 176 Maple Ave Monsey, NY.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Established grocery store business on Maple Ave.; Includes $1.5 million worth of equipment for various departments (takeout, bakery, meat, fish).; Potential to increase monthly income to $200,000+.
