Property profile

110 Covert Ave Stewart Manor, NY 11530

OFF-MARKET
Banks
Property ID
US63-1043982
884 SF 0.09 ac lot Built 1956
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,600-square-foot retail space is ideally situated in Garden City, Nassau County, at 110 Covert Avenue. The single-tenant property boasts a prime corner location, offering excellent visibility and accessibility. Its former use as a Chase bank provides a strong foundation for a variety of retail, restaurant, or office uses. The building is situated on a 0.125-acre lot within a larger 5,000-acre parcel, and benefits from convenient access to municipal parking. The property features prominent signage opportunities, maximizing its marketing potential. The one-story building offers ample space for customization and tenant improvements. Annual property taxes are $14 per square foot. The property's location within the Garden City submarket and submarket cluster provides access to a thriving commercial district and a strong customer base. This is a rare opportunity to acquire a high-visibility retail space in a desirable location. The property is currently vacant, presenting a blank canvas for a new business venture. The address is 110 Covert Avenue, Garden City, NY 11530, with a cross street of Chester Avenue.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1956
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 884 SF
Lot 0.09 ac (4,000 SF)
APN 33-272-00-0205
UPID US63-1043982

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Appliance Store
  • Atm Bank
  • Loan Service Bank
  • Atm

Location

110 Covert Ave Stewart Manor, NY 11530-3827
Stewart Manor metro Census 404700 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$750k
CAP Approach CAP
by Request
Comparable Approach Comparable
$548k
Blend (final) Blend
$750k

Owner & transaction history

since 2024
Last sale
$750,000
2 recorded transactions
2024
$750,000
2006
$470,940

Zoning & alternative use

Top alternative use upside
Commercial (general) $865,000 +21.7%
Neighborhood: shopping center $775,000 +9.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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