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High Income Producing Mixed Use Building 1761-1763 New York Ave 8,856 SF 76% Leased Retail Building Huntington Station, NY 11746 $1,799,000 ($203.14/SF) 10.45% Cap Rate
Investment Highlights
- Multi Family - 2 Storefronts, 5 Residential
- Great Cap Rate
- Below market rents - High upside to buyer
Executive Summary
This is an amazing investment opportunity to own a mixed use building on New York Ave in Huntington Station. Two Storefronts and 5 residential units. Residential units are paying below market rents giving a lot up side and value add for a new owner. One store is leased until 08/27. The other store has recently been vacated.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$240,232
|
$27.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$240,232
|
$27.13
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$52,200
|
$5.89
|
| Net Operating Income |
$188,032
|
$21.23
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $240,232 |
| Annual Per SF | $27.13 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $240,232 |
| Annual Per SF | $27.13 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $52,200 |
| Annual Per SF | $5.89 |
| Net Operating Income | |
|---|---|
| Annual | $188,032 |
| Annual Per SF | $21.23 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,856 SF
Building Class
C
Year Built
1960
Price
$1,799,000
Price Per SF
$203.14
Cap Rate
10.45%
NOI
$188,000
Percent Leased
76%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.36
Lot Size
0.15 AC
Zoning
C6 - Retail / Office/Residential
Parking
8 Spaces (0.9 Spaces per 1,000 SF Leased)
Frontage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
End Cap 2,100 sqft storefront with an additional bonus 1,263 sqft basement. Formerly a martial arts studio. Open Floor Plan. This space is prime for a multitude of retail and office applications. This space also has an overhead garage door in the rear of the store. Positioned on busy New York Ave, this is a prime location. High ceilings.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,100 SF | Retail | End Cap | Now |
1st Floor
| Size |
| 2,100 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 2,100 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
End Cap 2,100 sqft storefront with an additional bonus 1,263 sqft basement. Formerly a martial arts studio. Open Floor Plan. This space is prime for a multitude of retail and office applications. This space also has an overhead garage door in the rear of the store. Positioned on busy New York Ave, this is a prime location. High ceilings.
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0400-142-00-03-00-087-000 | Improvements Assessment | $4,400 (2025) |
| Land Assessment | $1,100 (2025) | Total Assessment | $5,500 (2025) |
Property Taxes
Parcel Number
0400-142-00-03-00-087-000
Land Assessment
$1,100 (2025)
Improvements Assessment
$4,400 (2025)
Total Assessment
$5,500 (2025)
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
High Income Producing Mixed Use Building | 1761-1763 New York Ave