40 Rocklyn Ave Lynbrook, NY 11563-2727
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.
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All American Gymnastics Gym & Fitness Center
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ATM Atm
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Steps to Success IX Daycare Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.