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163-175 Nassau Rd 8,533 SF 100% Leased Retail Building Roosevelt, NY 11575 $4,300,000 ($503.93/SF) 7.03% Cap Rate
Investment Highlights
- For Sale: Freestanding Retail Strip in Roosevelt, NY
- Property was Renovated in 2016
- Located 1.4 Miles From the Freeport LIRR Train Station & Sunrise Hwy
- On-Site Parking with 22 Spaces
- Close Proximity to the Southern State Pkwy, Meadowbrook State Pkwy, and the Heart of Roosevelt, NY
Executive Summary
At this location is a freestanding retail strip center with several tenants. There is on-site parking available for customers and this property is located in a prime spot close to the heart of Roosevelt, NY.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,533 SF
Building Class
B
Year Built/Renovated
1937/2016
Price
$4,300,000
Price Per SF
$503.93
Cap Rate
7.03%
NOI
$302,243
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Lot Size
0.47 AC
Zoning
Commercial
Parking
22 Spaces (4.26 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
Walk Score®
Very Walkable (78)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,504 | |
| Land Assessment | $9,623 | Total Assessment | $13,127 |
Property Taxes
Parcel Numbers
Land Assessment
$9,623
Improvements Assessment
$3,504
Total Assessment
$13,127
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163-175 Nassau Rd
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