Downtown Retail
61 East Main Street Riverhead, NY 11901
For Sale
Contact for pricing
Single retail storefront totaling about 2,025 SF, fully occupied by Giacalone Insurance.
Property Size2,025 SF
Lot Size0.06 Acres
Price / SF$481.48
Days on Market25
Property Features for 61 East Main Street
General Information
- Standard status
- Active
- Size
- 2,025 SF
- Lot size
- 0.06 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1960
Listing Agency:
Marcus & Millichap - Manhattan
(212) 430-5196
Listed By:
Michael Tuccillo · License #NY 10401244358
Source:
Crexi
Added: Jun 29
Changed: Jul 22
Last Checked: Jul 22 at 11:05AM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
A downtown retail storefront offered for sale at 61 East Main Street, consisting of approximately 2,025 SF on a 0.06-acre parcel. The property is currently 100% occupied by Giacalone Insurance, with the tenant operating at the location since 2006. Tenant responsibilities include CAM, utilities, trash removal, and repairs and maintenance.
The asset benefits from municipal parking at both the front and rear. It is positioned in Riverhead’s walkable downtown, supported by steady year-round foot traffic and a mix of local retailers, restaurants, service providers, and civic uses.
The listing presents an occupied retail investment within a district that is seeing reinvestment through new mixed-use and hospitality developments underway.
The asset benefits from municipal parking at both the front and rear. It is positioned in Riverhead’s walkable downtown, supported by steady year-round foot traffic and a mix of local retailers, restaurants, service providers, and civic uses.
The listing presents an occupied retail investment within a district that is seeing reinvestment through new mixed-use and hospitality developments underway.
Key Highlights
- Retail asset at 61 E Main Street built in 1960
- On a 0.06‑acre parcel with about 2,025 SF of retail space
- 100% occupied by Giacalone Insurance since 2006
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 | $60.8k | $30.00 |
| − Vacancy | −$4.2k | −$2.07 |
| EGI | $56.6k | $27.93 |
| − OpEx | −$17.0k | −$8.38 |
| NOI | $39.6k | $19.55 |
2,025 SF · lease $30.00/SF/yr · vacancy 6.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$565.6K
$494.9K – $659.9K
NOI $39,591 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$616.9K
$539.8K – $719.7K
NOI $43,184 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Storefront property - Single retail storefront totaling about 2,025 SF, fully occupied by Giacalone Insurance.
Where is this storefront property located?
The property is located at 61 East Main Street Riverhead, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Retail asset at 61 E Main Street built in 1960; On a 0.06‑acre parcel with about 2,025 SF of retail space; 100% occupied by Giacalone Insurance since 2006
