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185-191 Higbie Ln 5,090 SF 100% Leased Retail Building West Islip, NY 11795 $1,825,000 ($358.55/SF) 6.01% Cap Rate
INVESTMENT HIGHLIGHTS
- Near Union Blvd., High traffic area.
- Long-term tenants.
- Fully Occupied.
EXECUTIVE SUMMARY
ONE-STORY MASONRY BUILDING - 4 STORES. Fully Occupied.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$161,147
|
$31.66
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$161,147
|
$31.66
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$51,542
|
$10.13
|
| Net Operating Income |
$109,605
|
$21.53
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $161,147 |
| Annual Per SF | $31.66 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $161,147 |
| Annual Per SF | $31.66 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $51,542 |
| Annual Per SF | $10.13 |
| Net Operating Income | |
|---|---|
| Annual | $109,605 |
| Annual Per SF | $21.53 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
5,090 SF
Building Class
C
Year Built
1975
Price
$1,825,000
Price Per SF
$358.55
Cap Rate
6.01%
NOI
$109,605
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.58
Lot Size
0.20 AC
Zoning
BUS1 - Commercial
Parking
8 Spaces (1.71 Spaces per 1,000 SF Leased)
Frontage
ABOUT 185-191 HIGBIE LN , WEST ISLIP, NY 11795
ONE-STORY MASONRY BUILDING - 4 STORES
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Soca BJJ Brazilian Jiu Jitsu
- -
- 1,200 SF
- -
- -
- The Lion's Den
- -
- 940 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Soca BJJ Brazilian Jiu Jitsu | - | 1,200 SF | - | - | ||
| The Lion's Den | - | 940 SF | - | - |
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0500-455-00-01-00-055-000 | Improvements Assessment | $78,500 |
| Land Assessment | $15,200 | Total Assessment | $93,700 |
PROPERTY TAXES
Parcel Number
0500-455-00-01-00-055-000
Land Assessment
$15,200
Improvements Assessment
$78,500
Total Assessment
$93,700
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185-191 Higbie Ln
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