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Park Lane Retail Strip 1 Park Ln 7,160 SF 100% Leased Retail Building Massapequa, NY 11758 $3,750,000 ($523.74/SF) 5.96% Cap Rate
INVESTMENT HIGHLIGHTS
- ONE-STORY MASONRY BUILDING - 6 Stores (100% OCCUPIED!)
- Corner of Park Lane and Front Street, 300 ft from Sunrise Highway (27)
EXECUTIVE SUMMARY
ONE-STORY MASONRY BUILDING - 6 Stores
Corner of Park Lane and Front Street, 300 ft from Sunrise Highway (27)
100% occupied (11/22/24).
Corner of Park Lane and Front Street, 300 ft from Sunrise Highway (27)
100% occupied (11/22/24).
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$315,601
|
$44.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$315,601
|
$44.08
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$92,155
|
$12.87
|
| Net Operating Income |
$223,446
|
$31.21
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $315,601 |
| Annual Per SF | $44.08 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $315,601 |
| Annual Per SF | $44.08 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $92,155 |
| Annual Per SF | $12.87 |
| Net Operating Income | |
|---|---|
| Annual | $223,446 |
| Annual Per SF | $31.21 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
7,160 SF
Building Class
C
Year Built
1955
Price
$3,750,000
Price Per SF
$523.74
Cap Rate
5.96%
NOI
$223,446
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.46
Lot Size
0.36 AC
Parking
13 Spaces (1.82 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Rent Roll Available upon request.
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Rent Roll Available upon request. | - | - | - | - |
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2489-48-522-00-0029-0 | Improvements Assessment | $4,563 (2025) |
| Land Assessment | $3,822 (2025) | Total Assessment | $8,385 (2025) |
PROPERTY TAXES
Parcel Number
2489-48-522-00-0029-0
Land Assessment
$3,822 (2025)
Improvements Assessment
$4,563 (2025)
Total Assessment
$8,385 (2025)
1 of 6
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Park Lane Retail Strip | 1 Park Ln
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