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    535 Chestnut St Cedarhurst, NY 11516

    Sponsored
    For Sale
    $2,775,000

    Prime location, 4 storefronts, 2 apartments.

    Property size:
    7,340 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property presents a unique investment opportunity in the vibrant village of Cedarhurst, NY. Situated on a single lot, this offering encompasses three distinct buildings totaling 7,340 square feet. The commercial component features four attractive storefronts, ideal for a variety of retail or service businesses. The residential aspect includes a dwelling with two well-appointed apartments, providing additional income potential or comfortable living space. The property's prime location within Cedarhurst ensures high visibility and accessibility, attracting both customers and residents. This one-of-a-kind offering combines the benefits of commercial and residential real estate in a single, easily managed package. The substantial square footage allows for flexibility in tenant selection and operational strategies. This is an excellent chance to acquire a well-established, income-generating property in a desirable Long Island community. The combined commercial and residential aspects offer a diversified investment portfolio, mitigating risk and maximizing returns. Serious inquiries are encouraged to explore the full potential of this remarkable property. The property is priced at $2,775,000.

    Property Features for 535 Chestnut St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    7,340 SF

    Building Details

    Year Built
    1965
    Property Profile Location Intelligence

    Current Use by Public Records

    Millennial Counseling PLLC Counselor Gus & Kim's Tailor Clothing Alteration Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedarhurst
    County
    Nassau County
    State
    New York
    Longitude
    -73.72401
    Latitude
    40.62331

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    FAQs

    What type of property is this?
    Mixed-use property - Prime location, 4 storefronts, 2 apartments.
    Where is this mixed-use property located?
    The property is located at 535 Chestnut St Cedarhurst, NY.
    What is the asking price?
    The asking price for this property is $2,775,000.
    (516) 775-0043
    Request Owner's contact information
    535 Chestnut St Cedarhurst, NY 11516
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    Cedarhurst, NY 11516
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    Realmo Value Estimation

    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.

    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.

    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
    535 Chestnut St Cedarhurst, NY 11516
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