Storefront
New
For Sale
$1,000,000
3 Nassau Blvd, Garden City, NY 11530
A 1950-built storefront in Garden City South, with a walk score of 85 and bike score of 50.
Property Size4,040 SF
Days on Market3
Property Features for 3 Nassau Blvd
General Information
Standard status
Active
Size
4,040 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$22,152
Building Details
Building Size
4,040 SF
Year Built
1950
Listing Agency:
Coldwell Banker American Homes
Listed By:
Vincent J. Sparacello
(516) 351-5162
Source:
Elliman
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 9:32AM
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 Coldwell Banker American Homes
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Investment Insights
Based on property information with market context.
This storefront property was built in 1950 and is located at 3 Nassau Blvd in Garden City, New York.
The property has a walk score of 85, a bike score of 50, and a transit score of 33.
The property has a walk score of 85, a bike score of 50, and a transit score of 33.
Key Highlights
- Built in 1950
- Walk score of 85; bike score of 50; transit score of 33
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,004
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,600,080
$1.6M
Cap Rate 7%
$1,142,914
$1.1M
Cap Rate 9%
$888,933
$888.9K
Market Conditions
NOI Build-Up for 4,040 SF
Gross rent
$121.2K $30.00/SF
− Vacancy
−$6.9K −$1.71/SF
EGI
$114.3K $28.29/SF
− OpEx
−$34.3K −$8.49/SF
NOI
$80.0K $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%
$1,600,080
Cap Rate 7%
$1,142,914
Cap Rate 9%
$888,933
Alternative Uses
Best Use
Retail
$1.14M
$1.00M – $1.33M
NOI $80,004 @ 7.0% cap · market cap 8.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.67M
$2.34M – $3.12M
NOI $186,981 @ 7.0% cap · market cap 18.70%
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
428
Businesses Nearby
14k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 26%
Dunkin' Donuts
Dining
6,316 visits/mo
0.1 miles
Gulf Oil
Shops & Services
3,632 visits/mo
0.1 miles
La Bottega
Dining
2,102 visits/mo
0.4 miles
Carvel Ice Cream
Dining
1,669 visits/mo
0.2 miles
Demographics for 11530, NY
28,851
Population
10,178
Households
2.8
Avg Household Size
42
Median Age
71%
College-Educated
96%
High-School Grad
7.2 sq mi
ZIP Area
4,007
Density / Sq Mi
$202,841
Median Household Income
$95,341
Median Earnings
$3,501
Median Rent
$987,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- The Flower Shoppe — 14 New Hyde Park Rd, Franklin Square, NY 11010
Frequently Asked Questions
What type of property is this?
Storefront property - A 1950-built storefront in Garden City South, with a walk score of 85 and bike score of 50.
Where is this storefront property located?
The property is located at 3 Nassau Blvd Garden City, NY.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Built in 1950; Walk score of 85; bike score of 50; transit score of 33
