Mixed-Use Property with
New
For Sale
$725,000
10 Grand Central Ave, Amityville, NY 11701
An attached one-bedroom apartment has its own side entrance, separate from the professional office space.
Property Size1,540 SF
Days on Market3
Property Features for 10 Grand Central Ave
General Information
Standard status
Active
Size
1,540 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$14,136
Building Details
Building Size
1,540 SF
Year Built
1963
Stories
1
Listed By:
Linda N. Lippolt CBR
(631) 881-5160
Source:
Elliman
Added: Nov 1
Last Checked: Nov 1 at 3:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Linda N. Lippolt CBR
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Investment Insights
Based on property information with market context.
This mixed-use property combines a professional office with an attached one-bedroom apartment, which has a separate side entrance. The office layout includes a waiting area with a fireplace and reception desk, a large office, three private exam rooms, and an updated half bath. Central air, gas heat, front IGS, and an updated roof are among the building features.
The corner parcel measures 84x126 and sits at Grand Central Avenue and Merrick Road. Shopping and restaurants are nearby, and the LIRR is 1 mile away. The property has mixed-use zoning that allows commercial and residential use.
The corner parcel measures 84x126 and sits at Grand Central Avenue and Merrick Road. Shopping and restaurants are nearby, and the LIRR is 1 mile away. The property has mixed-use zoning that allows commercial and residential use.
Key Highlights
- Mixed‑use zoning allows both commercial and residential use
- Office layout includes a waiting area, reception desk, large office, and 3 private exam rooms
- Attached 1‑bedroom apartment with separate side entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,415
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,300
$548.3K
Cap Rate 7%
$391,643
$391.6K
Cap Rate 9%
$304,611
$304.6K
Market Conditions
NOI Build-Up for 1,540 SF
Gross rent
$47.7K $30.96/SF
− Vacancy
−$3.8K −$2.48/SF
EGI
$43.9K $28.48/SF
− OpEx
−$16.4K −$10.68/SF
NOI
$27.4K $17.80/SF
Area
Suffolk County, NY
Vacancy
8.00%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,300
Cap Rate 7%
$391,643
Cap Rate 9%
$304,611
Alternative Uses
Best Use
Mixed Use
$391.6K
$342.7K – $456.9K
NOI $27,415 @ 7.0% cap · market cap 3.78%
Second Best
Office B
$378.3K
$331.0K – $441.4K
NOI $26,481 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$469.2K
$410.5K – $547.4K
NOI $32,841 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
742
Businesses Nearby
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Business Placement
Demographics for 11701, NY
27,831
Population
9,544
Households
2.9
Avg Household Size
41
Median Age
31%
College-Educated
87%
High-School Grad
4.6 sq mi
ZIP Area
6,050
Density / Sq Mi
$110,639
Median Household Income
$48,080
Median Earnings
$2,307
Median Rent
$489,000
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An attached one-bedroom apartment has its own side entrance, separate from the professional office space.
Where is this mixed-use property located?
The property is located at 10 Grand Central Ave Amityville, NY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Mixed‑use zoning allows both commercial and residential use; Office layout includes a waiting area, reception desk, large office, and 3 private exam rooms; Attached 1‑bedroom apartment with separate side entrance
