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405-407 Lake Ave 3,040 SF 100% Leased Retail Building Saint James, NY 11780 $2,200,000 ($723.68/SF) 5.02% Cap Rate
Executive Summary
Prime Location, Great Investment Property, Huge Potential, LIRR St. James Station. Close all. Between 25A & Route 347,Northern State PKWY, 10 Years old young building, 14 car Parking, Contact Theresa Kim 917-668-8194
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,040 SF
Building Class
C
Year Built
1977
Price
$2,200,000
Price Per SF
$723.68
Cap Rate
5.02%
NOI
$110,336
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.25 AC
Parking
10 Spaces (3.29 Spaces per 1,000 SF Leased)
Frontage
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0800-056-00-05-00-007-000 | Total Assessment | $10,000 |
| Land Assessment | $750 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $9,250 | Tax Year | 2025 |
Property Taxes
Parcel Number
0800-056-00-05-00-007-000
Land Assessment
$750
Improvements Assessment
$9,250
Total Assessment
$10,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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405-407 Lake Ave
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