42-46 BroadwayRocky Point, NY 11778Price: $1,400,000

  • Price: $1,400,000
  • 227 Days on Market
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Federal 30-year interest rate: 6.37% last updated on May 7, 2026
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  • $1,400,000List Price
  • 0.4Acreage

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Calling All Investors, Developers & End-Users!!! 12.55 Cap 9,700+ Sqft. 4 Unit Mixed-Use Property With Huge Parking Lot For Sale!!! The Building Features Excellent Signage, Great Exposure, Restaurant, Bar, 32 Parking Spaces, High 9' Ceilings, J-2 Zoning, 4 Lots, All New LED Lighting, 200 Amp Power, CAC, +++!!! The Property Is Located In The Heart Of Rocky Point On Broadway Only 2 Blocks From Route 25A!!! Neighbors Include Starbucks, Tesla, Stop & Shop, Public Storage, Planet Fitness, CVS, Dunkin', 7-Eleven, Teacher's Federal Credit Union, Tropical Smoothie Cafe, Kohl's, Costello Ace Hardware, Mavis Discount Tire, McDonald's, Jiffy Lube, Jersey Mike's Subs, Trader Joe's, +++!!! The Property Has 65' Of Frontage On Broadway + 100' Of Frontage On Eagle Road!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Bar/Restaurant (3,600 Sqft. + 1,000 Sqft. LL): $106,800 Ann.; Lease Exp.: 3/1/2035. Greek Restaurant (1,307 Sqft.): $22,800 Ann.; Lease Exp.: 2031. 1 Br. Apt. (1,000 Sqft.): $24,000 Ann.; M-M. Studio Apt. (400 Sqft.): $21,600 Ann. (Available) Parking Lot/Yard: $24,000 Ann. (Available) Bar Tax Rebate: $21,600 Ann. Greek Restaurant Tax Rebate: $7,000 Ann. Pro Forma Gross Income: $227,800 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $3,823 Ann. Water: $0 Ann. Taxes: $27,625.79 Ann. Total Expenses: $31,698.79 Ann. Net Operating Income (NOI): $196,101.21 (Pro Forma 14.01% Cap!!!)

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Listed by Richard Matt Shane of All Island Estates Realty Corp (516-783-5600)

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 15, 2026 3:49 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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