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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) 5.45% 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 - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$159,400
|
$31.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$159,400
|
$31.32
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$59,902
|
$11.77
|
| Net Operating Income |
$99,498
|
$19.55
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $159,400 |
| Annual Per SF | $31.32 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $159,400 |
| Annual Per SF | $31.32 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $59,902 |
| Annual Per SF | $11.77 |
| Net Operating Income | |
|---|---|
| Annual | $99,498 |
| Annual Per SF | $19.55 |
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
5.45%
NOI
$99,498
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.58
Lot Size
0.20 AC
Zoning
BUS1 - Commercial
Parking
8 Spaces (0 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 | - | - |
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
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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