Mixed-Use Building with
For Sale
$895,000
85 Hillside Avenue, Williston Park, NY 11596
Commercial Sale, Williston Park, NY
Property Size1,500 SF
Lot Size0.04 Acres
Price / SF$596.67
Days on Market112
Property Features for 85 Hillside Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking
2
Parking features
Driveway
Basement
Partial
Elementary school district
Mineola
Middle school district
Mineola
High school district
Mineola
Standard status
Active
APN
2257-09-337-00-0729-0
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
16682
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1926
Floors in Building
2
Building materials
Brick
Listing Agency:
BERKSHIRE HATHAWAY · Berkshire Hathaway HomeServices
(516) 741-3070
Listed By:
John Canino E-PRO SRS
(516) 204-2478
Added: May 5
Changed: Aug 19
Last Checked: Aug 24 at 6:06AM
MLS# 989926
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.
Investment Insights
Based on property information with market context.
Built in 1926, this brick mixed-use property includes approximately 1,500 square feet of commercial space on the first floor and a one-bedroom apartment above. The lower level was previously configured for dental use and includes a flexible layout, while the building has two bathrooms and a basement. Central air and natural gas heating serve the property, with public water and public sewer provided.
The site includes driveway parking for up to three vehicles. Located at 85 Hillside Avenue in Williston Park, the property is near the East Williston LIRR station, local shops, and major roadways. Its local business and commercial zoning district permits a mixed-use arrangement with retail or office space below residential use.
The site includes driveway parking for up to three vehicles. Located at 85 Hillside Avenue in Williston Park, the property is near the East Williston LIRR station, local shops, and major roadways. Its local business and commercial zoning district permits a mixed-use arrangement with retail or office space below residential use.
Key Highlights
- Approximately 1,500 square feet of first‑floor commercial space
- Second‑floor one‑bedroom apartment
- Mixed‑use zoning allows retail or office space with residential above
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,316
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$526,320
$526.3K
Cap Rate 7%
$375,943
$375.9K
Cap Rate 9%
$292,400
$292.4K
Market Conditions
NOI Build-Up for 1,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.9K $33.96/SF
− Vacancy
−$7.1K −$4.72/SF
EGI
$43.9K $29.24/SF
− OpEx
−$17.5K −$11.70/SF
NOI
$26.3K $17.54/SF
Area
Nassau County, NY
Vacancy
13.90%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$526,320
Cap Rate 7%
$375,943
Cap Rate 9%
$292,400
Alternative Uses
Best Use
Healthcare Medical
$375.9K
$329.0K – $438.6K
NOI $26,316 @ 7.0% cap · market cap 2.94%
Second Best
Office B
$368.5K
$322.4K – $429.9K
NOI $25,793 @ 7.0% cap · market cap 2.88%
Theoretical Best
Specialty Retail
$991.8K
$867.8K – $1.16M
NOI $69,424 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,503
Businesses Nearby
Explore this area
Business Placement
Demographics for 11596, NY
10,849
Population
3,450
Households
3.1
Avg Household Size
44
Median Age
56%
College-Educated
95%
High-School Grad
1.3 sq mi
ZIP Area
8,345
Density / Sq Mi
$162,026
Median Household Income
$78,858
Median Earnings
$2,102
Median Rent
$801,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick property combines professional space, residential accommodation, and driveway parking within a local business and commercial district.
Where is this mixed-use property located?
The property is located at 85 Hillside Avenue Williston Park, NY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Approximately 1,500 square feet of first‑floor commercial space; Second‑floor one‑bedroom apartment; Mixed‑use zoning allows retail or office space with residential above
