Mixed-Use
3 Nassau Boulevard, Garden City, NY 11530
For Sale
$1,000,000
The building offers 4,040 square feet of commercial property in the Village of Garden City South.
Property Size4,040 SF
Price / SF$247.52
Days on Market29
Property Features for 3 Nassau Boulevard
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Coldwell Banker American Homes
(631) 673-6800
Listed By:
Vincent J. Sparacello · License NY #10401331778
(516) 351-5162
Source:
Neilcharlesrealestate
Added: Oct 13
Changed: Nov 9
Last Checked: Nov 9 at 9:45AM
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
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 mixed-use property contains 4,040 square feet and was built in 1950. It is located in the Village of Garden City South, at 3 Nassau Boulevard in Hempstead, New York.
Key Highlights
- 4,040‑square‑foot mixed‑use property
- Built in 1950
- Located at 3 Nassau Boulevard in Hempstead, NY 11530
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
Mixed Use
$796.5K
$696.9K – $929.2K
NOI $55,752 @ 7.0% cap · market cap 5.58%
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
Current Use
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
14k
Monthly Visits Nearby
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
Market
Properties on Market for Mixed-use properties in Nassau County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building offers 4,040 square feet of commercial property in the Village of Garden City South.
Where is this mixed-use property located?
The property is located at 3 Nassau Boulevard 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: 4,040‑square‑foot mixed‑use property; Built in 1950; Located at 3 Nassau Boulevard in Hempstead, NY 11530
