Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10 Hawley Ave West Islip, NY 11795

    Sponsored
    For Sale
    $1,400,000

    MULTI_FAMILY - West Islip, NY

    Lot size:
    0.50 Acres
    Days on Market:
    18
    Last Refresh:
    Jan 27 at 9:06 pm

    Property Features for 10 Hawley Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B
    Rooms
    Basement
    APN
    0500-454-00-02-00-057-001
    Parking features
    Parking Lot
    Basement
    Full
    Lot size
    0.50 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Ductless
    Water source
    Public

    Building Details

    Year built
    1975
    Number of units
    2
    Building materials
    Frame

    We can help!

    Listing Contact
    Doris M. Kennedy

    Kennedy L.I. Realty, Inc. (631) 666-9100

    Listing agent Doris M. Kennedy (631) 678-8308

    Listing date Jan 10, 2026

    MLS# 945318

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Income-Producing Bar & Real Estate

    This property in West Islip, NY, presents an investment opportunity featuring an established bar business, a residential rental property, and a detached garage. The property, located within Islip Township, offers multiple income streams. The turnkey operating bar benefits from an established clientele and consistent revenue. The residential home includes a rental unit, providing additional monthly income or potential for owner occupancy. A detached garage with utilities offers possibilities for storage, parking, or future income potential. The property's size allows for live outdoor entertainment. The property has strong visibility and accessibility. The zoning is 'B'. The lot size is 0.5 acres. The seller will consider options such as sale of business only with building lease or private note for full sale up to 20%.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Mary Caroll’s, Barrique Kitchen & Wine Bar, Molto Vino, Mary Carroll's, La Famiglia

    Location Insight

    • Map
    • Local Demand
    City
    West Islip
    County
    Suffolk
    State
    New York
    Longitude
    -73.309035
    Latitude
    40.705214

    Nearby Similar for Sale

    • $949,000
      Pending

      Updated Office Building on Main

      Professional office building with high visibility and modern amenities.
      361 Union Blvd, West Islip, NY 11795
      View Details
    • $4,200,000
      1.20 Acres

      Industrial Property with Fuel Storage

      1.2-acre industrial property with office building and fuel tanks.
      201 Union Blvd, West Islip, NY 11795
      View Details
    • $1,825,000
      5,685 SF

      West Islip Retail Property

      One-story masonry building with four stores in West Islip.
      187 Higbie Ln, West Islip, NY 11795
      View Details
    • $999,999

      Retail Property on Montauk Highway

      Retail property for sale on Montauk Hwy, West Islip.
      455 Montauk Hwy, West Islip, NY 11795
      View Details
    • $4,000,000
      13,000 SF

      Retail Property on Sunrise Highway

      Retail property available for sale on Sunrise Highway.
      152 Sunrise Hwy, West Islip, NY 11795
      View Details
    • $1,500,000
      Pending

      West Islip Office Near Hospital

      Renovated office space adjacent to Good Samaritan Hospital.
      800 Montauk Hwy, West Islip, NY 11795
      View Details

    FAQs

    What type of property is this?
    Bar - Cash-flowing bar, residential rental, and garage in West Islip.
    Where is this bar located?
    The property is located at 10 Hawley Ave West Islip, NY.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Turnkey, income-producing bar business with established clientele and consistent revenue.; - Includes a residential rental property providing additional monthly income or owner occupancy.; - Detached garage with utilities offers storage, parking, or future income potential.
    (631) 678-8308
    Request Owner's contact information
    10 Hawley Ave West Islip, NY 11795
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10 Hawley Ave
    West Islip, NY 11795
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10 Hawley Ave West Islip, NY 11795
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Doris M. Kennedy
    Real Estate License ID: 31KE0831775
    (631) 678-8308
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.