1010 Brookside AveUniondale, NY 11553

  • Investment properties
  • 2,096 SF
For Sale
$1,999,000 View listing

Property Details for 1010 Brookside Ave

Year built
1953
Lot size
0.29 AC
Property size (Sq ft)
2,096 SF
Property type
Investment properties
Property subtype
Live-work space
APN
36-152-00-0683
APU
36152000683

Description

This exceptional Uniondale property presents a unique investment opportunity encompassing a thriving mini-supermarket business and a spacious four-bedroom, three-bathroom house. Situated on a substantial 12,654 square foot lot, this mixed-use property offers a blend of commercial and residential potential. The well-maintained mini-market is fully equipped and has enjoyed consistent success for nearly three decades under the current ownership, who is now retiring. This presents a turnkey operation for a new owner, ready to step into an established business with a loyal customer base. The attached house provides comfortable living quarters, ideal for the owner-operator or as a separate rental unit, generating additional income streams. The property's location in a busy area ensures high visibility and foot traffic, contributing to the business's ongoing success. This is a rare chance to acquire a complete package – a profitable business, a comfortable home, and a substantial land parcel – all in one convenient location. The property is currently operating at full capacity, offering immediate returns on investment. This is an exceptional opportunity for an entrepreneur seeking a well-established business with residential amenities. Don't miss this chance to own a piece of Uniondale's commercial landscape.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $346,531
    6.5%
    $319,875
    7%
    $297,027
  • Comparable approach

    Method
    Valuation
    Relative Method
    $273,863
    Geo Method
    $273,863
  • Alternative Use

    Use
    Valuation
    Residential
    $396,645
    Hospitality
    $363,325
    Educational
    $302,282
    Medical
    $312,678
    Retail
    $470,216

Location Insight

City
Uniondale
County
Nassau
State
New York
Latitude
40.6882
Longitude
-73.5964
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$35,364
$3,318
$2,572
$5,890
-
-
-
$589,000

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