Ronkonkoma Retail Strip For
For Sale
Contact for pricing
419-437 Hawkins Ave, Ronkonkoma, NY 11779
Retail strip with tenants and lease-up opportunity near transportation.
Property Size12,476 SF
Price / SF$256.49
Days on Market158
Property Features for 419-437 Hawkins Ave
General Information
Standard status
Active
Size
12,476 SF
Class
C
Total Parking Spaces
70
Property subtype
Retail
Zoning
Commercial
Occupancy
66%
Lease Type
Gross
Net Operating Income
$214,514
Building Details
Year Built
1950
Buildings
1
Stories
1
Units
6
Tenancy
Multi
Listing Agency:
American Investment Properties
(516) 393-2300
Listed By:
Ron Koenigsberg CCIM · License #NY 31K00933350
Source:
Crexi
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 9 at 11:07AM
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 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 = 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
$243,918
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
7.62%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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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.
