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1906 Newbridge Rd 9,230 SF 100% Leased Retail Building North Bellmore, NY 11710 $2,175,000 ($235.64/SF) 6.50% Cap Rate
Investment Highlights
- 1906 Newbridge Road presents mixed-use retail and apartments on Newbridge Rd with over 16,000 vehicles passing per day.
- There is street and rear parking to accommodate customers.
- North Bellmore has strong demographics with over 23,000 residents within a one-mile radius.
- Ideally located at a signalized intersection for retail visibility and residential accessibility.
- Area retailers include Stop and Shop, Panera Bread, PetSmart, Ace Hardware, Dunkin', and more.
- The property is just one mile from the Bellmore train station, catering to a hub of consumer spending.
Executive Summary
Silber Investment Properties is pleased to Exclusively present an opportunity to own an 8+ tenant, mixed-use (retail and apartments) property on Newbridge Road in North Bellmore.
Situated in an extremely dense retail/residential corridor directly between the Southern State Pkwy and Sunrise Hwy provides no shortage of potential customers/tenants, and the combination of below market rents along with low price per-square-foot provides tremendous upside for a potential investor.
Situated in an extremely dense retail/residential corridor directly between the Southern State Pkwy and Sunrise Hwy provides no shortage of potential customers/tenants, and the combination of below market rents along with low price per-square-foot provides tremendous upside for a potential investor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,230 SF
Building Class
C
Year Built/Renovated
1950/2024
Price
$2,175,000
Price Per SF
$235.64
Cap Rate
6.50%
NOI
$141,466
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.63
Lot Size
0.13 AC
Zoning
C4 - Regional commercial center located outside of the central business districts
Frontage
100’ on Newbridge Rd
Amenities
- Corner Lot
- Signage
Walk Score®
Very Walkable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | 2089-56-145-00-0226-0 | Improvements Assessment | $3,651 |
| Land Assessment | $1,148 | Total Assessment | $4,799 |
Property Taxes
Parcel Number
2089-56-145-00-0226-0
Land Assessment
$1,148
Improvements Assessment
$3,651
Total Assessment
$4,799
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1906 Newbridge Rd
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