Brick Retail
New
For Sale
$579,000
221 Rockaway Avenue, Valley Stream, NY 11580
Commercial Sale, Valley Stream, NY
Property Size1,400 SF
Lot Size0.04 Acres
Price / SF$413.57
Days on Market2
Property Features for 221 Rockaway Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Elementary school district
Valley Stream - 24
Middle school district
Valley Stream Central
High school district
Valley Stream Central
Directions
google.com
Standard status
Active
APN
2035-37-121-00-0104-0
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12253
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1936
Building materials
Brick
Listing Agency:
Vision Homes Real Estate LLC
(718) 480-1231
Listed By:
Avnish Kumar · License #10491209469
(917) 957-9969
Added: Oct 15
Last Checked: Oct 16 at 6:06PM
MLS# 1063092
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This brick retail storefront contains approximately 1,400 square feet and dates to 1936. It has about 16 feet of frontage along Rockaway Avenue, with central air conditioning and natural gas heating. Public water and sewer serve the property.
The building is in Valley Stream’s business district, among restaurants, shops, professional services, and residential areas. Municipal parking is nearby, and the Valley Stream Long Island Rail Road station and local transportation are accessible from the area.
The building is in Valley Stream’s business district, among restaurants, shops, professional services, and residential areas. Municipal parking is nearby, and the Valley Stream Long Island Rail Road station and local transportation are accessible from the area.
Key Highlights
- Approximately 1,400 square feet of building area
- About 16 feet of frontage on Rockaway Avenue
- Brick construction; 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
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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 - Central air conditioning and natural gas heating serve the building.
Where is this storefront property located?
The property is located at 221 Rockaway Avenue 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 building area; About 16 feet of frontage on Rockaway Avenue; Brick construction; built in 1936
