Mixed-Use Retail and Office
118-122 Hillside Avenue Williston Park, NY 11596
For Sale
$1,800,000
Versatile storefront and office layout with multiple private rooms and unfinished basement for storage or expansion.
Property Size5,580 SF
Price / SF$322.58
Days on Market60
Property Features for 118-122 Hillside Avenue
General Information
- Standard status
- Active
- Size
- 5,580 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency:
BERKSHIRE HATHAWAY
(516) 741-3070
Listed By:
CATHERINE LATTUCA
Source:
Corcoran
Added: May 28
Changed: Jul 10
Last Checked: Jul 26 at 3:44AM
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 BERKSHIRE HATHAWAY
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.
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $167.4k | $30.00 |
| − Vacancy | −$9.5k | −$1.71 |
| EGI | $157.9k | $28.29 |
| − OpEx | −$47.4k | −$8.49 |
| NOI | $110.5k | $19.80 |
5,580 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.58M
$1.38M – $1.84M
NOI $110,501 @ 7.0% cap · market cap 6.14%
Second Best
Office B
$1.37M
$1.20M – $1.60M
NOI $95,950 @ 7.0% cap · market cap 5.33%
Theoretical Best
Specialty Retail
$3.69M
$3.23M – $4.30M
NOI $258,256 @ 7.0% cap · market cap 14.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Unique Blossoms Florist — 178 Hillside Ave., Williston Park, NY 11596
- James Anthony Floral — 265 Horton Hwy, Mineola, NY 11501
FAQs
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 $1,800,000.
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
