Building Details

Building Size 5,580 SF

Year Built 1950

Buildings 1

Stories 1

Listing Agency: Laffey International Realt Estate

Listed By: Catherine Lattuca Show Phone

Source: Evrealestate

Added: May 28 Changed: Oct 12 Last Checked: Oct 19 at 4:49AM

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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 Laffey International Realt Estate

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Investment Insights

Based on property information with market context.

118-122 Hillside Avenue is a mixed-use commercial building designed to support both retail storefront activity and professional office use. The property includes approximately 5,580 square feet with three oversized storefront windows and high ceilings, along with multiple private offices, a reception area, conference area, and bathrooms. A large unfinished basement provides additional storage and can support future build-out needs.

The building is positioned for strong visibility on a heavily traveled main road, with meaningful pedestrian traffic in the surrounding business district. The remarks also note nearby restaurants, boutique shopping, banks, and neighborhood services, with the LIRR described as just moments away.

The interior configuration lends itself to a range of tenant types, including medical, professional, retail, and mixed-use operations. The layout includes offices, reception/conference space, and restroom facilities, along with basement space referenced for storage and flexibility. The building’s described service-tenant setups, including spaces identified for karate, dance, and tailoring, reflect an adaptable format for businesses that need both customer-facing storefront presence and back-office or work areas.

Key Highlights

• Mixed‑use commercial building built in 1950 at 118‑122 Hillside Avenue with approx. 5,580 SF retail/office space
• 3 oversized storefront windows and high ceilings with a versatile retail/office layout
• Multiple private offices plus reception and conference areas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$110,501

Cap Rate

6.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,210,020 $2.2M

Cap Rate 7%

$1,578,586 $1.6M

Cap Rate 9%

$1,227,789 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,580 SF

Gross rent

$167.4K $30.00/SF

− Vacancy

−$9.5K −$1.71/SF

EGI

$157.9K $28.29/SF

− OpEx

−$47.4K −$8.49/SF

NOI

$110.5K $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%

$2,210,020

Cap Rate 7%

$1,578,586

Cap Rate 9%

$1,227,789

Alternative Uses

Best Use

Retail

$1.58M

$1.38M – $1.84M (±1% cap)

NOI $110,501 @ 7.0% cap · market cap 6.91%

Second Best

Office B

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $95,950 @ 7.0% cap · market cap 6.00%

Theoretical Best

Specialty Retail

$3.69M

$3.23M – $4.30M (±1% cap)

NOI $258,256 @ 7.0% cap · market cap 16.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Storage Facility Daycare Center Parking Lot & Garage (Bike/Boat/Book/etc) Store Bakery Discount Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,918

Businesses Nearby

Under-served

Demand for This Use

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

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Similar Off Market Nearby

• James Anthony Floral — 265 Horton Hwy, Mineola, NY 11501
• Unique Blossoms Florist — 178 Hillside Ave., Williston Park, NY 11596

Frequently Asked Questions

What type of property is this?

Storefront property - Versatile storefront and office layout with multiple private rooms and unfinished basement for storage or expansion.

Where is this storefront property located?

The property is located at 118-122 Hillside Avenue Williston Park, NY.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: Mixed‑use commercial building built in 1950 at 118‑122 Hillside Avenue with approx. 5,580 SF retail/office space; 3 oversized storefront windows and high ceilings with a versatile retail/office layout; Multiple private offices plus reception and conference areas