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    Fully Leased Mixed Use Building Title is generated by Realmo AI

    34 Indian Head Rd, Kings Park, NY

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    Mixed-use building in Kings Park District, fully leased.

    Type:RETAIL
    Property size:
    4,500 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $287/SF
    Added:
    Dec 17, 2024
    Days on Market:
    566
    Last Refresh:
    May 20 at 8:54 pm

    Property Features for 34 Indian Head Rd

    General Information

    Standard status
    Active
    Size
    4,500 SF
    Lot size
    0.13 Acres
    Property subtype
    RETAIL

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    Michael G Macchia

    Listing office MGM Islandwide Realty, Inc.

    Listing date Dec 17, 2024

    Source Moodyscre

    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 MGM Islandwide Realty, Inc.

    HighLights

    • Fully leased mixed‑use building
    • Located in the busy downtown Kings Park District
    • Minutes from the Sagtikos Parkway
    • One block west of Main St.

    Overview

    This fully leased mixed-use building is situated minutes from the Sagtikos Parkway and one block west of Main St. in the busy downtown Kings Park District. The property has a size of 4500 square feet.

    Local Financial Insights For Mixed Use

    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 $139.3k $30.96
    − Vacancy −$11.1k −$2.48
    EGI $128.2k $28.48
    − OpEx −$48.1k −$10.68
    NOI $80.1k $17.80
    4,500 SF · lease $30.96/SF/yr · vacancy 8.00% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $1.14M
    $1.00M – $1.34M (±1% cap)
    NOI $80,109 @ 7.0% cap · market cap 6.19%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.37M
    $1.20M – $1.60M (±1% cap)
    NOI $95,964 @ 7.0% cap · market cap 7.41%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Uptown Cleaners & Shirt ... (Bike/Boat/Book/etc) Store Legends Bar & Grill Bar & Pub

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Hair Salon Big Box & Wholesale Store Spa & Massage Center Auto Repair Shop Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kings Park
    County
    Suffolk
    State
    New York
    Longitude
    -73.2539
    Latitude
    40.8833

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building in Kings Park District, fully leased.
    Where is this mixed-use property located?
    The property is located at 34 Indian Head Rd Kings Park, NY.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: Fully leased mixed‑use building; Located in the busy downtown Kings Park District; Minutes from the Sagtikos Parkway
    (516) 818-7650 Call to check price and availability
    More about this property
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