Ronkonkoma Retail Strip For
419-437 Hawkins Ave, Ronkonkoma, NY 11779
For Sale
Contact for pricing
Retail strip with tenants and lease-up opportunity near transportation.
Property Size12,476 SF
Price / SF$256.49
Days on Market250
Property Features for 419-437 Hawkins Ave
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Occupancy
Lease Type
Net Operating Income
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
American Investment Properties
Listed By:
Ron Koenigsberg CCIM · License NY 31K00933350
(516) 993-7252
Source:
Crexi
Added: Mar 6
Changed: Oct 26
Last Checked: Nov 8 at 6:47AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 419-437 Hawkins Ave, Ronkonkoma, NY, features a storefront retail strip with multiple tenants. The property offers a lease-up opportunity due to a current vacancy. The property is surrounded by neighborhood retail spaces and is located a short distance from the Long Island Expressway and the Ronkonkoma LIRR train station. The property size is 12476 square feet.
Key Highlights
- Storefront retail strip with multiple tenants provides immediate income.
- Vacancy offers a lease‑up opportunity for increased revenue.
- Convenient location near the Long Island Expressway.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$243,918
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,878,360
$4.9M
Cap Rate 7%
$3,484,543
$3.5M
Cap Rate 9%
$2,710,200
$2.7M
Market Conditions
NOI Build-Up for 12,476 SF
Gross rent
$374.3K $30.00/SF
− Vacancy
−$25.8K −$2.07/SF
EGI
$348.5K $27.93/SF
− OpEx
−$104.5K −$8.38/SF
NOI
$243.9K $19.55/SF
Area
Suffolk County, NY
Vacancy
6.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,878,360
Cap Rate 7%
$3,484,543
Cap Rate 9%
$2,710,200
Alternative Uses
Best Use
Retail
$3.48M
$3.05M – $4.07M
NOI $243,918 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.80M
$3.33M – $4.43M
NOI $266,054 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
742
Businesses Nearby
192k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Apparel 33%
Shops & Services 24%
Electronics 1%
Kohl's
Apparel
63,598 visits/mo
0.2 miles
McDonald's
Dining
27,152 visits/mo
0.3 miles
Wendy's
Dining
20,990 visits/mo
0.2 miles
Chase Bank
Shops & Services
11,995 visits/mo
0.2 miles
Burger King
Dining
11,285 visits/mo
0.4 miles
Demographics for 11779, NY
38,250
Population
14,145
Households
2.7
Avg Household Size
42
Median Age
31%
College-Educated
94%
High-School Grad
12.5 sq mi
ZIP Area
3,060
Density / Sq Mi
$117,684
Median Household Income
$54,121
Median Earnings
$2,103
Median Rent
$465,400
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
Frequently Asked Questions
What type of property is this?
Strip mall - Retail strip with tenants and lease-up opportunity near transportation.
Where is this strip mall located?
The property is located at 419-437 Hawkins Ave Ronkonkoma, NY.
What is the asking price?
The asking price for this property is $3,199,999.
What are key features of this property?
This property features: Storefront retail strip with multiple tenants provides immediate income.; Vacancy offers a lease‑up opportunity for increased revenue.; Convenient location near the Long Island Expressway.
