Commercial
New
For Sale
$579,000
221 Rockaway Ave, Valley Stream, NY 11580
Street-facing retail space sits near municipal parking and the Valley Stream Long Island Rail Road station.
Property Size1,354 SF
Price / SF$413.57
Days on Market1
Property Features for 221 Rockaway Ave
General Information
Standard status
Active
Size
1,354 SF
Property subtype
Commercial
Additional Details
Frontage
16 ft
Taxes and HOA fees
Annual Taxes
$12,253
Building Details
Building Size
1,354 SF
Year Built
1936
Listing Agency:
vision homes real estate llc
Listed By:
Avnish Kumar · License #10491209469
(917) 957-9969
Source:
Elliman
Added: Oct 19
Last Checked: Oct 19 at 3:22AM
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 vision homes real estate 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 1,400-square-foot commercial storefront was built in 1936 and has approximately 16 feet of frontage on Rockaway Avenue. Municipal parking is nearby, and the Valley Stream Long Island Rail Road station and local transportation are accessible from the area.
The property is in Valley Stream’s business district, among restaurants, retail shops, professional services, and residential areas.
The property is in Valley Stream’s business district, among restaurants, retail shops, professional services, and residential areas.
Key Highlights
- Approximately 1,400 square feet of commercial space
- Approximately 16 feet of frontage on Rockaway Avenue
- Built in 1936
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,724
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,480
$554.5K
Cap Rate 7%
$396,057
$396.1K
Cap Rate 9%
$308,044
$308.0K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$42.0K $30.00/SF
− Vacancy
−$2.4K −$1.71/SF
EGI
$39.6K $28.29/SF
− OpEx
−$11.9K −$8.49/SF
NOI
$27.7K $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%
$554,480
Cap Rate 7%
$396,057
Cap Rate 9%
$308,044
Alternative Uses
Best Use
Retail
$396.1K
$346.6K – $462.1K
NOI $27,724 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$925.7K
$810.0K – $1.08M
NOI $64,796 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,928
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Dunkin' Donuts
Dining
16,695 visits/mo
0.3 miles
Demographics for 11580, NY
43,026
Population
13,582
Households
3.2
Avg Household Size
41
Median Age
38%
College-Educated
89%
High-School Grad
3.9 sq mi
ZIP Area
11,032
Density / Sq Mi
$135,385
Median Household Income
$56,417
Median Earnings
$1,852
Median Rent
$602,500
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
Similar Off Market Nearby
- Wild Iris Inc — 70 Sunrise Hwy, Valley Stream, NY 11580
- Stefan's Flowers Inc — 321 hendrickson ave, lynbrook, ny 11563
Frequently Asked Questions
What type of property is this?
Storefront property - Street-facing retail space sits near municipal parking and the Valley Stream Long Island Rail Road station.
Where is this storefront property located?
The property is located at 221 Rockaway Ave Valley Stream, NY.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Approximately 1,400 square feet of commercial space; Approximately 16 feet of frontage on Rockaway Avenue; Built in 1936
