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1959 New York Ave 6,520 SF 100% Leased Retail Building Huntington Station, NY 11746 $1,688,000 ($258.90/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! Auto Body & Repair Shop On A 16,000+ Sqft. Lot On Route 110 For Sale!!!
- The Property Is Located In The Heart Of Huntington Station On Busy New York Ave. Just A Few Blocks Off Jericho Tpke.(Rt. 25)!!!
- Neighbors Include Audi, BMW, Honda, Mazda, Northwell Health, Target, Staples, CVS, Kay Jewelers, Best Buy, LA Fitness, AutoZone, Wendy’s, +++!!!
- The Property Features Excellent Signage, Great Exposure, High 17’ Ceilings, 36 Parking Spaces, C-6 Zoning, 3 Phase Power, Spray Booth, 4 Lifts, +++!!
- The Property Has 104’ Of Frontage On Busy New York Avenue & Has A Daily Traffic Count Of 15,500+ Vehicles Per Day!!!
- This Could Be Your Next Development Site Or The Next Home For Your Business!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers & End-Users!!! Auto Body & Repair Shop On A 16,000+ Sqft. Lot On Route 110 For Sale!!! The Property Features Excellent Signage, Great Exposure, High 17’ Ceilings, 36 Parking Spaces, C-6 Zoning, 3 Phase Power, Spray Booth, 4 Lifts, 3 Drive-In Roll Up Doors, 2 Waiting Areas, 2 Strategically Placed Curb Cuts, Private Parking Lot, Security System, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Huntington Station On Busy New York Ave. Just A Few Blocks Off Jericho Tpke.(Rt. 25) Near The Walt Whitman Shops!!! The Property Has 104’ Of Frontage On Busy New York Avenue!!! Neighbors Include Audi, BMW, Honda, Mazda, Northwell Health, Target, Staples, CVS, Kay Jewelers, Best Buy, LA Fitness, AutoZone, Wendy’s, Taco Bell, Harbor Freight, Chick-fil-A, Aboff’s Paints, Carvel, Macy’s, Checkers, +++!!! This Property Has A Daily Traffic Count Of 15,500+ Vehicles Per Day!!! The Entire Property Can Be Delivered Vacant If Need Be!!! This Property Offers HUGE UPSIDE Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Auto Body Shop (3,260 Sqft.): $84,000 Ann.
Rear Auto Repair Shop (3,260 Sqft.): $60,000 Ann.
Gross Income: $144,000 Ann.
Expenses:
Gas: $0 Ann.
Oil: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $3,263 Ann.
Water: $1,200 Ann.
Landscape: $0 Ann.
Taxes: $21,117.11 Ann.
Total Expenses: $25,830.11 Ann.
Net Operating Income (NOI): $118,169.89 Ann. (7% Cap!!!)
Income:
Auto Body Shop (3,260 Sqft.): $84,000 Ann.
Rear Auto Repair Shop (3,260 Sqft.): $60,000 Ann.
Gross Income: $144,000 Ann.
Expenses:
Gas: $0 Ann.
Oil: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $3,263 Ann.
Water: $1,200 Ann.
Landscape: $0 Ann.
Taxes: $21,117.11 Ann.
Total Expenses: $25,830.11 Ann.
Net Operating Income (NOI): $118,169.89 Ann. (7% Cap!!!)
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$144,000
|
$23.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$144,000
|
$23.23
|
| Taxes |
$21,117
|
$3.41
|
| Operating Expenses |
$4,713
|
$0.76
|
| Total Expenses |
$25,830
|
$4.17
|
| Net Operating Income |
$118,170
|
$19.06
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $144,000 |
| Annual Per SF | $23.23 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $144,000 |
| Annual Per SF | $23.23 |
| Taxes | |
|---|---|
| Annual | $21,117 |
| Annual Per SF | $3.41 |
| Operating Expenses | |
|---|---|
| Annual | $4,713 |
| Annual Per SF | $0.76 |
| Total Expenses | |
|---|---|
| Annual | $25,830 |
| Annual Per SF | $4.17 |
| Net Operating Income | |
|---|---|
| Annual | $118,170 |
| Annual Per SF | $19.06 |
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,520 SF
Building Class
C
Year Built
1940
Price
$1,688,000
Price Per SF
$258.90
Cap Rate
7%
NOI
$118,170
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.37 AC
Zoning
C6
Parking
36 Spaces (5.52 Spaces per 1,000 SF Leased)
Frontage
104’ on New York Ave
AMENITIES
- 24 Hour Access
- Fenced Lot
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Deluxe Auto Collison Inc
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Deluxe Auto Collison Inc | Services | - | - | - |
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0400-194-00-02-00-024-000 | Total Assessment | $4,750 |
| Land Assessment | $2,000 | Annual Taxes | $21,117 ($3.24/SF) |
| Improvements Assessment | $2,750 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0400-194-00-02-00-024-000
Land Assessment
$2,000
Improvements Assessment
$2,750
Total Assessment
$4,750
Annual Taxes
$21,117 ($3.24/SF)
Tax Year
2024
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