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1969-1973 New York Ave 2,306 SF 13% Leased Retail Building Huntington Station, NY 11746 $1,120,000 ($485.69/SF) 9.01% Cap Rate
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! 9.01 Cap 3,000 Sqft. Corner Free Standing Building On Route 110 For Sale!!!
- The Property Is Located In The Heart Of Huntington On Busy New York Ave. Just A Few Blocks Off Jericho Tpke.(Rt. 25) Near The Walt Whitman Shops!!!
- 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 9’ Ceilings, 33 Parking Spaces, C-6 Zoning, 3 Phase Power, 2 Strategically Placed Curb C
- The Property Has 104’ Of Frontage On Busy New York Ave. + 80’ On W. 19th Street & Has A Daily Traffic Count Of 15,500+ Vehicles Per Day!!!
- This Property Offers HUGE UPSIDE Potential!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers & End-Users!!! 9.01 Cap 3,000 Sqft. Corner Free Standing Building On Route 110 For Sale!!! The Property Features Excellent Signage, Great Exposure, High 9’ Ceilings, 33 Parking Spaces, C-6 Zoning, 3 Phase Power, 2 Strategically Placed Curb Cuts, Private Parking Lot, Security System, 2 Stores, (1) 3 Br. Apartment, Basement, 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 + 80’ Of Frontage On W. 19th Street!!! 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!!! This Property Offers HUGE UPSIDE Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Barber Shop: $18,000 Ann.; $1,200 Ann. Inc.; Lease Exp.: 11/1/31.
Car Dealer (Office + 26 Car Yard): $60,000 Ann.)
3 Br. Apt.(1,500 Sqft.): $38,400 Ann. M-M
Gross Income: $116,400 Ann.
Expenses:
Gas: $0 Ann.
Oil: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $2,450 Ann.
Water: $1,200 Ann.
Taxes: $11,561.52 Ann.
Total Expenses: $15,461.52 Ann.
Net Operating Income (NOI): $100,938.48 Ann. (9.01% Cap!!!)
Income:
Barber Shop: $18,000 Ann.; $1,200 Ann. Inc.; Lease Exp.: 11/1/31.
Car Dealer (Office + 26 Car Yard): $60,000 Ann.)
3 Br. Apt.(1,500 Sqft.): $38,400 Ann. M-M
Gross Income: $116,400 Ann.
Expenses:
Gas: $0 Ann.
Oil: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $2,450 Ann.
Water: $1,200 Ann.
Taxes: $11,561.52 Ann.
Total Expenses: $15,461.52 Ann.
Net Operating Income (NOI): $100,938.48 Ann. (9.01% Cap!!!)
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$116,400
|
$50.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$116,400
|
$50.48
|
| Taxes |
$11,561
|
$5.01
|
| Operating Expenses |
$3,900
|
$1.69
|
| Total Expenses |
$15,461
|
$6.70
|
| Net Operating Income |
$100,939
|
$43.77
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $116,400 |
| Annual Per SF | $50.48 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $116,400 |
| Annual Per SF | $50.48 |
| Taxes | |
|---|---|
| Annual | $11,561 |
| Annual Per SF | $5.01 |
| Operating Expenses | |
|---|---|
| Annual | $3,900 |
| Annual Per SF | $1.69 |
| Total Expenses | |
|---|---|
| Annual | $15,461 |
| Annual Per SF | $6.70 |
| Net Operating Income | |
|---|---|
| Annual | $100,939 |
| Annual Per SF | $43.77 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,306 SF
Building Class
C
Year Built/Renovated
1950/2024
Price
$1,120,000
Price Per SF
$485.69
Cap Rate
9.01%
NOI
$100,938
Percent Leased
13%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.19 AC
Zoning
C6
Parking
33 Spaces (14.31 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Corner Lot
- Fenced Lot
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0400-194-00-02-00-025-000 | Total Assessment | $2,600 |
| Land Assessment | $2,250 | Annual Taxes | $11,561 ($5.01/SF) |
| Improvements Assessment | $350 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0400-194-00-02-00-025-000
Land Assessment
$2,250
Improvements Assessment
$350
Total Assessment
$2,600
Annual Taxes
$11,561 ($5.01/SF)
Tax Year
2024
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1969-1973 New York Ave
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