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311 Woods Ave 8,374 SF Vacant Office Building Oceanside, NY 11572 $1,699,000 ($202.89/SF) 8.11% Cap Rate
INVESTMENT HIGHLIGHTS
- Unique mixed use investment property.
- R&D space has 1 drive-in & storage.
- Large office/r&d/residential unit.
- Impeccably maintained and fully occupied.
EXECUTIVE SUMMARY
Rare opportunity to own a fully leased high-performing mixed-use building in prime Oceanside with an 8% cap rate and NOI of $137,817
Features 3 residential units and 2 commercial spaces generating strong diversified income
Offers value-add potential through rent increases or upgrades
Motivated seller priced to move
Ideal for 1031 exchange buyers or investors seeking stable cash flow and upside in a high-demand location
Features 3 residential units and 2 commercial spaces generating strong diversified income
Offers value-add potential through rent increases or upgrades
Motivated seller priced to move
Ideal for 1031 exchange buyers or investors seeking stable cash flow and upside in a high-demand location
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$53,761
|
$6.42
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$53,761
|
$6.42
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Taxes | |
|---|---|
| Annual | $53,761 |
| Annual Per SF | $6.42 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $53,761 |
| Annual Per SF | $6.42 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
8,374 SF
Building Class
C
Year Built
1925
Price
$1,699,000
Price Per SF
$202.89
Cap Rate
8.11%
NOI
$137,817
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,187 SF
Slab To Slab
10’
Building FAR
1.07
Lot Size
0.18 AC
Parking
3 Spaces (0.36 Spaces per 1,000 SF Leased)
AMENITIES
- Storage Space
- Air Conditioning
1 1
Walk Score®
Very Walkable (87)
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311 Woods Ave
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