Mixed-Use Property with Renovated
For Sale
$1,700,000
1168-1170 Port Washington Boulevard Unit 1168-1170, Port Washington, NY 11050
The property combines retail frontage, office accommodations, and a separate two-family residence on one lot.
Property Size6,912 SF
Price / SF$245.95
Days on Market54
Property Features for 1168-1170 Port Washington Boulevard Unit 1168-1170
General Information
Standard status
Active
Size
6,912 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$48,034
Building Details
Building Size
6,912 SF
Year Built
1961
Listing Agency:
Harding Real Estate Inc
Listed By:
Debra OBrien
(516) 944-3870
Source:
Luxuryhomeny
Added: Aug 21
Changed: Oct 2
Last Checked: Oct 13 at 3:01AM
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 Harding Real Estate Inc
Investment Insights
Based on property information with market context.
This mixed-use property includes a commercial building with a storefront, office areas, and a full basement. The second floor has its own entrance and contains three newly renovated offices, creating a distinct office component within the building. The commercial structure was built in 1961.
A separate two-story, two-family house is also located on the same lot, adding a residential component to the property. Together, the buildings provide a combination of commercial and residential improvements in Port Washington, New York.
A separate two-story, two-family house is also located on the same lot, adding a residential component to the property. Together, the buildings provide a combination of commercial and residential improvements in Port Washington, New York.
Key Highlights
- Three newly renovated offices on the second floor
- Separate entrance serving the second‑floor offices
- Storefront, office areas, and full basement in the commercial building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,878
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,737,560
$2.7M
Cap Rate 7%
$1,955,400
$2.0M
Cap Rate 9%
$1,520,867
$1.5M
Market Conditions
NOI Build-Up for 6,912 SF
Gross rent
$207.4K $30.00/SF
− Vacancy
−$11.8K −$1.71/SF
EGI
$195.5K $28.29/SF
− OpEx
−$58.7K −$8.49/SF
NOI
$136.9K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,737,560
Cap Rate 7%
$1,955,400
Cap Rate 9%
$1,520,867
Alternative Uses
Best Use
Retail
$1.96M
$1.71M – $2.28M
NOI $136,878 @ 7.0% cap · market cap 8.05%
Second Best
Multifamily LT 5
$1.88M
$1.65M – $2.19M
NOI $131,682 @ 7.0% cap · market cap 7.75%
Theoretical Best
Specialty Retail
$4.57M
$4.00M – $5.33M
NOI $319,905 @ 7.0% cap · market cap 18.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,292
Businesses Nearby
Explore this area
Business Placement
Demographics for 11050, NY
31,512
Population
12,329
Households
2.6
Avg Household Size
44
Median Age
67%
College-Educated
96%
High-School Grad
10.1 sq mi
ZIP Area
3,120
Density / Sq Mi
$153,819
Median Household Income
$78,132
Median Earnings
$2,454
Median Rent
$990,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines retail frontage, office accommodations, and a separate two-family residence on one lot.
Where is this mixed-use property located?
The property is located at 1168-1170 Port Washington Boulevard Unit 1168-1170 Port Washington, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Three newly renovated offices on the second floor; Separate entrance serving the second‑floor offices; Storefront, office areas, and full basement in the commercial building
