Log In/Sign Up
Your email has been sent.
36-38 Glen Cove Rd 9,197 SF Retail Building Greenvale, NY 11548 $10,964,320 CAD ($1,192.16 CAD/SF) 4.99% Cap Rate
Investment Highlights
- Traffic counts exceeding 37,000 vehicles per day, ensuring consistent visibility.
- On-site parking for 30 vehicles plus adjacent street parking, enhancing tenant and customer convenience.
- Projected NOI growth from $399,400 in 2026 to $429,799 in 2027 due to existing rent escalations.
- Within the last 3 years: New Roof, New Paving, New HVAC
Executive Summary
This North Shore retail property at 36 & 38 Glen Cove Road offers a well-located investment opportunity just one block north of Northern Boulevard in Greenvale, NY. The asset consists of approximately 9,197 SF of street-level retail space plus a 1,000 SF basement on a 25,050 SF parcel, complemented by 30 on-site parking spaces and additional street parking. Within the last 3 years: New Roof, New Paving, New HVAC
The property is currently anchored by Mattress Firm and supported by Pacific Street Pizza and Off Nate Barbershop, with a projected second-floor tenant for additional income. Existing leases feature scheduled rent increases that support steady income growth. Current projections estimate a Net Operating Income of approximately $399,400 in 2026, rising to $429,799 in 2027.
Located in a high-traffic corridor with over 37,000 vehicles passing daily, the property benefits from exceptional visibility and accessibility. With a surrounding population of more than 223,000 within five miles and household incomes exceeding $150,000, this trade area supports strong tenant performance and long-term stability.
The property is currently anchored by Mattress Firm and supported by Pacific Street Pizza and Off Nate Barbershop, with a projected second-floor tenant for additional income. Existing leases feature scheduled rent increases that support steady income growth. Current projections estimate a Net Operating Income of approximately $399,400 in 2026, rising to $429,799 in 2027.
Located in a high-traffic corridor with over 37,000 vehicles passing daily, the property benefits from exceptional visibility and accessibility. With a surrounding population of more than 223,000 within five miles and household incomes exceeding $150,000, this trade area supports strong tenant performance and long-term stability.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,197 SF
Building Class
C
Year Built
1993
Price
$10,964,320 CAD
Price Per SF
$1,192.16 CAD
Cap Rate
4.99%
NOI
$547,394 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.35
Lot Size
0.60 AC
Zoning
Business B - Multi-tenanted strip center
Parking
30 Spaces (3.26 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Air Conditioning
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2289-20-035-00-0129-0 | Improvements Assessment | $1,993 CAD |
| Land Assessment | $3,227 CAD | Total Assessment | $5,219 CAD |
Property Taxes
Parcel Number
2289-20-035-00-0129-0
Land Assessment
$3,227 CAD
Improvements Assessment
$1,993 CAD
Total Assessment
$5,219 CAD
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
36-38 Glen Cove Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.