6-Unit Retail Strip
For Sale
Contact for pricing
1225-1235 Grundy Ave, Holbrook, NY 11741
Fully occupied 6-unit retail strip mall with parking and strong roadway access.
Property Size5,430 SF
Price / SF$368.32
Days on Market61
Property Features for 1225-1235 Grundy Ave
General Information
Standard status
Active
Size
5,430 SF
Property subtype
Retail
Occupancy
100%
Building Details
Year Built
1960
Tenancy
Multi
Listing Agency:
Century 21 AA Realty
(631) 226-5995
Listed By:
Jason Kontakis · License #10301221180
Source:
Crexi
Added: Jun 5
Changed: Jul 10
Last Checked: Aug 3 at 3:50AM
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 Century 21 AA Realty
Investment Insights
Based on property information with market context.
This for-sale retail property is a 6-unit strip mall featuring storefront-oriented spaces suited for neighborhood retail and service tenants. The property is currently fully occupied with 5 tenants in place, supporting an income-producing tenant mix for prospective buyers. Parking is available on-site, providing convenient access for customers visiting the individual units.
Located at 1225-1235 Grundy Ave in Holbrook, NY, the center offers visibility with neighborhood exposure. The property is described as being close to major roadways, which can support consistent drive-by awareness from surrounding traffic patterns.
For tenants and buyers looking for a compact retail format, the multi-unit configuration allows for a range of occupancy strategies while maintaining a small-center shopping environment. With multiple storefronts, on-site parking, and the current tenant mix, this property offers a practical option for retail ownership or tenancy where convenient access and straightforward customer arrival matter.
Located at 1225-1235 Grundy Ave in Holbrook, NY, the center offers visibility with neighborhood exposure. The property is described as being close to major roadways, which can support consistent drive-by awareness from surrounding traffic patterns.
For tenants and buyers looking for a compact retail format, the multi-unit configuration allows for a range of occupancy strategies while maintaining a small-center shopping environment. With multiple storefronts, on-site parking, and the current tenant mix, this property offers a practical option for retail ownership or tenancy where convenient access and straightforward customer arrival matter.
Key Highlights
- 6 total units retail strip mall on Grundy Ave in Holbrook
- Fully occupied: 5 tenants currently in place
- Year built: 1960
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 | $162.9k | $30.00 |
| − Vacancy | −$11.2k | −$2.07 |
| EGI | $151.7k | $27.93 |
| − OpEx | −$45.5k | −$8.38 |
| NOI | $106.2k | $19.55 |
5,430 SF · lease $30.00/SF/yr · vacancy 6.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.52M
$1.33M – $1.77M
NOI $106,162 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,796 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Dining 11%
Electronics 5%
Chase Bank
Shops & Services
8,055 visits/mo
0.3 miles
Mobil
Shops & Services
5,362 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
2,989 visits/mo
0.3 miles
Valero Energy
Shops & Services
2,832 visits/mo
0.5 miles
The UPS Store
Shops & Services
1,911 visits/mo
0.4 miles
Demographics for 11741, NY
27,046
Population
9,310
Households
2.9
Avg Household Size
43
Median Age
33%
College-Educated
93%
High-School Grad
7.5 sq mi
ZIP Area
3,606
Density / Sq Mi
$138,417
Median Household Income
$60,648
Median Earnings
$2,434
Median Rent
$504,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Fully occupied 6-unit retail strip mall with parking and strong roadway access.
Where is this strip mall located?
The property is located at 1225-1235 Grundy Ave Holbrook, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 6 total units retail strip mall on Grundy Ave in Holbrook; Fully occupied: 5 tenants currently in place; Year built: 1960
