Renovated Retail
144 Grove Avenue #1, Cedarhurst, NY 11516
For Sale
Contact for pricing
The suite includes two bathrooms, a furnished waiting area, and a coffee station with a refrigerator.
Property Size1,500 SF
Price / SF$1.70
Days on Market31
Property Features for 144 Grove Avenue #1
General Information
Standard status
Size
Property subtype
Additional Details
Utilities to Site
Amenities
2 bathrooms
furnished waiting room area
coffee station
refrigerator
high speed internet
ample parking
Building Details
Tenancy
Listing Agency:
EOM Realty Advisors LLC
(347) 464-0831
Listed By:
Marc Jeret · License #10401368899
(631) 839-3748
Source:
Neilcharlesrealestate
Added: Oct 9
Changed: Nov 7
Last Checked: Nov 7 at 9:19AM
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 EOM Realty Advisors LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated retail suite is configured for retail or office use. It has two bathrooms, a furnished waiting area, and a coffee station equipped with a refrigerator. Utilities and high-speed internet are included, and parking is available.
Key Highlights
- Renovated suite suitable for retail or office use
- Two bathrooms
- Furnished waiting area with coffee station and refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,704
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,080
$594.1K
Cap Rate 7%
$424,343
$424.3K
Cap Rate 9%
$330,044
$330.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$45.0K $30.00/SF
− Vacancy
−$2.6K −$1.71/SF
EGI
$42.4K $28.29/SF
− OpEx
−$12.7K −$8.49/SF
NOI
$29.7K $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%
$594,080
Cap Rate 7%
$424,343
Cap Rate 9%
$330,044
Alternative Uses
Best Use
Retail
$424.3K
$371.3K – $495.1K
NOI $29,704 @ 7.0% cap · market cap 1,164.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$991.8K
$867.8K – $1.16M
NOI $69,424 @ 7.0% cap · market cap 2,722.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,173
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 91%
Dining 9%
Capital One Bank
Shops & Services
7,497 visits/mo
0.4 miles
Citibank
Shops & Services
3,778 visits/mo
0.3 miles
Haagen-Dazs
Dining
1,051 visits/mo
0.3 miles
Demographics for 11516, NY
8,394
Population
3,346
Households
2.5
Avg Household Size
33
Median Age
47%
College-Educated
95%
High-School Grad
0.9 sq mi
ZIP Area
9,327
Density / Sq Mi
$102,083
Median Household Income
$59,919
Median Earnings
$2,204
Median Rent
$818,600
Median Home Value
Market
Properties on Market for Retail space in Nassau County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The suite includes two bathrooms, a furnished waiting area, and a coffee station with a refrigerator.
Where is this retail space located?
The property is located at 144 Grove Avenue #1 Cedarhurst, NY.
What are key features of this property?
This property features: Renovated suite suitable for retail or office use; Two bathrooms; Furnished waiting area with coffee station and refrigerator
