Long Island, NY
Commercial Real Estate Market Trends & Data

$603 Avg asking sale price
$43 Avg asking lease rate
9,345 SF Avg unit lease size
16,409 SF Avg building size for sale
6.51% Average cap rate

Long Island's Demographic Profile

Long Island has 958,603 households and a median income of $123,006, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 2,886,845
# Households 958,603
Median age 42
Median household income $123,006
Avg household size 3.0
Renter-occupied housing units 205,983
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Long Island, NY

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Long Island $534 9,967 SF 11.52%
Calverton $394 11,723 SF 8.21%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Long Island $479 31,951 SF 11.47%
Calverton $93 349,468 SF 5.45%
Riverhead $473 81,626 SF 5.45%
Mastic $640 3,989 SF 11.36%
Nearby Retail Markets Avg Cost/SF Typical Size
Long Island $674 8,428 SF
Wading River $667 1,500 SF
Calverton $475 7,715 SF
Baiting Hollow $323 12,400 SF
Ridge $449 2,638 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Long Island $798 15,383 SF 9.64%
Riverhead $352 4,261 SF 7.21%

Commercial Properties For Sale in Long Island

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Vacant Queens Industrial Opportunity

Woodside, NY 11377

  • 5,500 SF Industrial Building
  • Auction Sale
For Sale

Turnkey Long Island Office Condo

Rocky Point, NY 11778

  • 40,000 SF Office Building
  • Auction Sale
For Sale

712 3rd Ave

Brooklyn, NY 11232

  • 15,000 SF Flex Building
  • $5,900,000
For Sale

Brooklyn 4-Story 31-Unit Multifamily

Brooklyn, NY 11230

  • 22,600 SF Multifamily
  • 6.50% Cap Rate
  • $4,600,000
For Sale

Union Center

Flushing, NY 11354

  • 133,000 SF Office Building
  • $945,000 - $2,370,000
For Sale

190 Rockaway Ave

Brooklyn, NY 11233

  • 5,600 SF Multifamily
  • 5.33% Cap Rate
  • $1,400,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Long Island pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Long Island $603 16,409 SF
Wading River $667 1,500 SF
Calverton $291 258,073 SF
Baiting Hollow $450 12,400 SF
Shoreham $135 3,800 SF

Multifamily Properties For Sale in Long Island

For Sale

Brooklyn 4-Story 31-Unit Multifamily

Brooklyn, NY 11230

  • 22,600 SF Multifamily
  • 6.50% Cap Rate
  • $4,600,000
For Sale

190 Rockaway Ave

Brooklyn, NY 11233

  • 5,600 SF Multifamily
  • 5.33% Cap Rate
  • $1,400,000
For Sale

602 Henry St

Brooklyn, NY 11231

  • 4,236 SF Multifamily
  • $4,900,000
For Sale

150-15 Northern Blvd

Flushing, NY 11354

  • 5,097 SF Multifamily
  • $3,000,000
For Sale

365 Midwood St

Brooklyn, NY 11225

  • 4,800 SF Multifamily
  • $1,350,000
For Sale

144-45-144-47 37th Ave

Flushing, NY 11354

  • 12,660 SF Multifamily
  • 4.98% Cap Rate
  • $3,718,000
For Sale

132-18 57th Rd

Flushing, NY 11355

  • 5,280 SF Multifamily
  • 5.00% Cap Rate
  • $1,948,000
For Sale

60 New York Ave

Brooklyn, NY 11216

  • 9,584 SF Multifamily
  • 7.30% Cap Rate
  • $4,650,000

Regional Demographic Comparison

This comparison places Long Island alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Long Island or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Long Island 2,886,845 958,603 42 $123,006 3 205,983 -1%
Calverton 6,969 3,056 52 $65,030 2 510 -1%
Baiting Hollow 2,661 1,171 55 $92,786 2 149 10%
Shoreham 616 203 48 $145,967 3 8 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Long Island, NY and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Long Island

View All Commercial Real Estate For Sale in Long Island
Is Long Island a good market for a first-time commercial real estate investor?

Long Island offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Long Island?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Long Island. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Long Island?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Long Island. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Long Island compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Long Island. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Long Island acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Long Island, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends