Retail Building on Main
For Sale
Contact for pricing
25 MAIN ST, East Rockaway, NY 11518
Retail building with multiple tenants on month-to-month leases.
Property Size5,542 SF
Price / SF$315.77
Days on Market105
Property Features for 25 MAIN ST
General Information
Standard status
Active
Size
5,542 SF
Class
B
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Gross
Investment Type
Value Add
Building Details
Year Built
1986
Stories
1
Tenancy
Multi
Listing Agency:
American Investment Properties
(516) 393-2300
Listed By:
Ron Koenigsberg CCIM · License #NY 31K00933350
Source:
Crexi
Added: May 14
Changed: Aug 21
Last Checked: Aug 26 at 10:23AM
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 American Investment Properties
Investment Insights
Based on property information with market context.
The property at 25 Main St, East Rockaway is a retail building featuring multiple tenants operating under month-to-month leases. The building offers wide frontage on Main Street and is situated in close proximity to various neighborhood amenities. The property size is 5542 square feet.
Key Highlights
- Wide frontage on Main St
- Retail building
- Located close to neighborhood amenities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$109,748
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,194,960
$2.2M
Cap Rate 7%
$1,567,829
$1.6M
Cap Rate 9%
$1,219,422
$1.2M
Market Conditions
NOI Build-Up for 5,542 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$166.3K $30.00/SF
− Vacancy
−$9.5K −$1.71/SF
EGI
$156.8K $28.29/SF
− OpEx
−$47.0K −$8.49/SF
NOI
$109.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,194,960
Cap Rate 7%
$1,567,829
Cap Rate 9%
$1,219,422
Alternative Uses
Best Use
Retail
$1.57M
$1.37M – $1.83M
NOI $109,748 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.66M
$3.21M – $4.27M
NOI $256,498 @ 7.0% cap · market cap 14.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
946
Businesses Nearby
157k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Shops & Services 24%
Dining 20%
Electronics 14%
Stop & Shop
Groceries
42,006 visits/mo
0.5 miles
Wendy's
Dining
23,939 visits/mo
0.1 miles
Lidl
Groceries
23,488 visits/mo
0.2 miles
P.C. Richard & Son
Electronics
21,862 visits/mo
0.3 miles
Speedway
Shops & Services
15,186 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building with multiple tenants on month-to-month leases.
Where is this retail space located?
The property is located at 25 MAIN ST East Rockaway, NY.
What is the asking price?
The asking price for this property is $1,749,999.
What are key features of this property?
This property features: Wide frontage on Main St; Retail building; Located close to neighborhood amenities
