Downtown Rocky Point Commercial
For Sale
$549,000
45 Broadway, Rocky Point, NY 11778
1,020 SF commercial building in a dynamic downtown setting.
Property Size1,020 SF
Price / SF$538.24
Days on Market98
Property Features for 45 Broadway
General Information
Standard status
Active
Size
1,020 SF
Property subtype
Commercial
Building Details
Year Built
1949
Listing Agency:
(631) 608-0800
Listed By:
Leonard Saburro CRS E-PRO RENE SFR
(631) 608-0800
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 30 at 11:43AM
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 Leonard Saburro CRS E-PRO RENE SFR
Investment Insights
Based on property information with market context.
Located in Downtown Rocky Point, this 1,020 square foot commercial building offers high visibility and foot and vehicle traffic. The interior provides a customizable space, complemented by a partial basement with interior and exterior access for storage or operations. Currently operating as a hair salon, the space suits various businesses, including offices, personal service establishments, daycares, or retail shops. The J6 zoning offers flexibility for entrepreneurial ventures, whether for owner-occupancy or leasing. The property is offered as-is, without the existing business. The location has a bike score of 11, indicating it is somewhat bikeable, and a walk score of 13, indicating car-dependence.
Key Highlights
- Prime commercial location in the heart of Downtown Rocky Point with high visibility and abundant foot and vehicle traffic.
- Versatile 1,020 sq ft interior space suitable for various businesses.
- Flexible J6 zoning offering numerous business options and investment potential.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.6k | $30.00 |
| − Vacancy | −$2.1k | −$2.07 |
| EGI | $28.5k | $27.93 |
| − OpEx | −$8.5k | −$8.38 |
| NOI | $19.9k | $19.55 |
1,020 SF · lease $30.00/SF/yr · vacancy 6.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$284.9K
$249.3K – $332.4K
NOI $19,942 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$310.7K
$271.9K – $362.5K
NOI $21,752 @ 7.0% cap · market cap 3.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
Explore this area
Business Placement
Demographics for 11778, NY
12,449
Population
5,028
Households
2.5
Avg Household Size
40
Median Age
40%
College-Educated
96%
High-School Grad
6.7 sq mi
ZIP Area
1,858
Density / Sq Mi
$119,656
Median Household Income
$65,379
Median Earnings
$1,948
Median Rent
$410,900
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?
Retail space - 1,020 SF commercial building in a dynamic downtown setting.
Where is this retail space located?
The property is located at 45 Broadway Rocky Point, NY.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Prime commercial location in the heart of Downtown Rocky Point with high visibility and abundant foot and vehicle traffic.; Versatile 1,020 sq ft interior space suitable for various businesses.; Flexible J6 zoning offering numerous business options and investment potential.
