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 Market150
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
Listed By:
Ron Koenigsberg CCIM · License #NY 31K00933350
(516) 393-2300
Source:
Crexi
Added: May 14
Changed: Oct 8
Last Checked: Oct 9 at 5:49PM
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 / Yr
$109,748
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
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
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 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
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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
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
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
