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Property profile & analytics
OFF-MARKET Estimated value $5,325,000
Investment properties

40 Rocklyn Ave Lynbrook, NY 11563-2727

27,869 SF 1.38 ac lot Built 1955
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US63-6273689
Property summary
AI-generated overview

This exceptional retail property at 40 Rocklyn Avenue in Lynbrook, NY, presents a lucrative investment opportunity. The 28,000 square foot building sits on approximately two acres of land and boasts a newly renovated interior. Currently, the property generates substantial income from two strong tenants: All American Gymnastics and Steps to Succeed (a child care center). All American Gymnastics contributes approximately $420,000 annually in lease payments, while Steps to Succeed contributes approximately $360,000 annually, resulting in a total annual income of approximately $770,000. Estimated annual expenses include approximately $125,000 for taxes and $18,000 for insurance, yielding a Net Operating Income (NOI) of approximately $627,000. The property is offered at an asking price of $8,950,000 and features a remaining lease term of 9 years, providing long-term stability and predictable cash flow. Located in Nassau County, NY, with a zip code of 11563, this property offers excellent visibility and accessibility in a thriving Lynbrook community. This is a rare opportunity to acquire a high-performing retail investment with strong tenants and a significant NOI. The property's size, location, and current occupancy make it an ideal addition to any investment portfolio. Serious inquiries only.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1955
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 27,869 SF
Lot 1.38 ac (60,113 SF)
APN 38-096-00-0007
UPID US63-6273689
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • All American Gymnastics Gym & Fitness Center
  • ATM Atm
  • Steps to Success IX Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.92M
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.33M
Owner & transaction history
Lynbrook Equities LLC · 7 yrs held
Lynbrook Equities LLC
since 2019
7 recorded transactions
2022
Price N/A
2020
Price N/A
2019
$2.9M
2019
Price N/A
2018
Price N/A
2005
$2.2M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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