Detached Residential Income
For Sale
$770,000
153 Main Street, East Rockaway, NY 11518
A detached Tudor-style property offers a residential income asset in East Rockaway.
Property Size2,423 SF
Days on Market8
Property Features for 153 Main Street
General Information
Standard status
Active
Size
2,423 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$17,379
Amenities
Hot Water, Natural Gas
Finished, Full
Detached
Tudor
Building Details
Building Size
2,423 SF
Year Built
1932
Listing Agency:
ISLAND ADVANTAGE REALTY LLC
Listed By:
Todd A. Yovino · License #49YO0956714
(631) 351-6000
Source:
Evrealestate
Added: Oct 22
Changed: Oct 28
Last Checked: Oct 28 at 4:06PM
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 ISLAND ADVANTAGE REALTY 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.
Built in 1932, this detached Tudor-style property is classified as a residential income property. Interior details include hot water and natural gas, along with a finished full basement.
The property is located at 153 Main Street in East Rockaway, Nassau County. Directions describe access from Ocean Avenue via Atlantic Avenue, continuing onto Main Street.
The property is located at 153 Main Street in East Rockaway, Nassau County. Directions describe access from Ocean Avenue via Atlantic Avenue, continuing onto Main Street.
Key Highlights
- Detached Tudor‑style property
- Built in 1932
- Finished full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,220
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,400
$864.4K
Cap Rate 7%
$617,429
$617.4K
Cap Rate 9%
$480,222
$480.2K
Market Conditions
NOI Build-Up for 2,423 SF
Gross rent
$82.3K $33.96/SF
− Vacancy
−$3.7K −$1.53/SF
EGI
$78.6K $32.43/SF
− OpEx
−$35.4K −$14.59/SF
NOI
$43.2K $17.84/SF
Area
Nassau County, NY
Vacancy
4.50%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,400
Cap Rate 7%
$617,429
Cap Rate 9%
$480,222
Alternative Uses
Best Use
Apartment 5plus
$617.4K
$540.3K – $720.3K
NOI $43,220 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.60M
$1.40M – $1.87M
NOI $112,142 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Explore this area
Business Placement
Demographics for 11518, NY
10,869
Population
4,235
Households
2.6
Avg Household Size
44
Median Age
44%
College-Educated
92%
High-School Grad
1.4 sq mi
ZIP Area
7,764
Density / Sq Mi
$104,955
Median Household Income
$56,154
Median Earnings
$2,306
Median Rent
$590,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - A detached Tudor-style property offers a residential income asset in East Rockaway.
Where is this residential income property located?
The property is located at 153 Main Street East Rockaway, NY.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: Detached Tudor‑style property; Built in 1932; Finished full basement
