21 East Shore Road, Manhasset, NY 11030

Building Details

Buildings 1 More

Tenancy Single More

Listing Agency: Apple Realty Group

Listed By: Raymond Wong · License NY #8892 Show Phone

Source: Crexi

Added: Oct 5 Changed: Nov 8 Last Checked: Nov 10 at 7:15AM

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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 Apple Realty Group

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Investment Insights

Based on property information with market context.

The storefront offers a 4,000-square-foot retail showroom with wine displays and liquor selections. A separate 1,500-square-foot basement provides space for storage and inventory. The detached property occupies a 15,159-square-foot site and has more than 15 dedicated parking spaces.

Located at 21 East Shore Road in Manhasset, New York, the property is in a North Shore community.

Key Highlights

• 4,000 SF retail showroom with wine displays and liquor selections
• 1,500 SF basement for storage and inventory
• Detached property on a 15,159 SF site

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$79,212

Cap Rate

7.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,584,240 $1.6M

Cap Rate 7%

$1,131,600 $1.1M

Cap Rate 9%

$880,133 $880.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$120.0K $30.00/SF

− Vacancy

−$6.8K −$1.71/SF

EGI

$113.2K $28.29/SF

− OpEx

−$33.9K −$8.49/SF

NOI

$79.2K $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%

$1,584,240

Cap Rate 7%

$1,131,600

Cap Rate 9%

$880,133

Alternative Uses

Best Use

Retail

$1.13M

$990.2K – $1.32M (±1% cap)

NOI $79,212 @ 7.0% cap · market cap 7.54%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$2.64M

$2.31M – $3.09M (±1% cap)

NOI $185,130 @ 7.0% cap · market cap 17.63%

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

Current Use

Best Wine & Spirit ... Specialty Food Shop Lieb At Law Law Firm Syed Mahmood: Allstate ... Insurance Agency Faulisi Law Firm ... Law Firm Faulisi & Company CPAs ... Accounting Firm

Suggested Use

Top Pick Garden Center Grocery & Convenience Store Barber Shop Daycare Center Storage Facility Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

2,815

Businesses Nearby

165k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Apparel 70% Shops & Services 22% Dining 5% Hotels & Casinos 3%

Macy's Apparel

114,727 visits/mo 0.3 miles

Mobil Shops & Services

27,378 visits/mo 0.3 miles

Morton's The Steakhouse Dining

6,726 visits/mo 0.4 miles

Travelodge by Wyndham Manhasset Hotels & Casinos

5,153 visits/mo 0.4 miles

Pet Supplies Plus Shops & Services

4,467 visits/mo 0.4 miles

Demographics for 11030, NY

17,898

Population

6,531

Households

2.7

Avg Household Size

44

Median Age

84%

College-Educated

97%

High-School Grad

6.6 sq mi

ZIP Area

2,712

Density / Sq Mi

$247,393

Median Household Income

$109,706

Median Earnings

$2,221

Median Rent

$1,800,900

Median Home Value

Market

Properties on Market for Storefront properties in Nassau County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Similar Off Market Nearby

• Lotus Flowers & Plants Inc — 605 Northern Blvd, Great Neck, NY 11021
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Frequently Asked Questions

What type of property is this?

Storefront property - A retail showroom includes a dedicated basement for inventory storage and more than 15 customer parking spaces.

Where is this storefront property located?

The property is located at 21 East Shore Road Manhasset, NY.

What is the asking price?

The asking price for this property is $1,050,000.

What are key features of this property?

This property features: 4,000 SF retail showroom with wine displays and liquor selections; 1,500 SF basement for storage and inventory; Detached property on a 15,159 SF site