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164 Margin Dr W 5,000 SF 100% Leased Retail Building Shirley, NY 11967 $1,200,000 ($240/SF) 5.33% Cap Rate
Executive Summary
5000 SF retail strip for sale. Excellent location on margin drive with visibility from heavily traveled William Floyd pkway. Surrounded by national retailers. Minutes to smiths point beach, the LIE and major roadways. Currently divided into 3 units, with CO in place for 4 units. Solid tenants with leases in place make this an ideal investment opportunity. Long term tenants include a barbershop that has been in the center for 20+ years, a nail salon in place for 15+ years and a boxing/martial arts studio. Perfectly maintained building with new roof, central alarm system and newly paved parking lot. Tenants pay utilities and lawn maintenance.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
5,000 SF
Year Built
1974
Price
$1,200,000
Price Per SF
$240
Cap Rate
5.33%
NOI
$64,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.37 AC
Zoning
A1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0200-967-00-02-00-037-000 | Total Assessment | $6,200 |
| Land Assessment | $1,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $5,200 | Tax Year | 2025 |
Property Taxes
Parcel Number
0200-967-00-02-00-037-000
Land Assessment
$1,000
Improvements Assessment
$5,200
Total Assessment
$6,200
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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164 Margin Dr W