Versatile Building in Accessible
95 Pine St Freeport, NY 11520
For Sale
$2,300,000
Pending
10,400 sq.ft. building suitable for multiple commercial uses.
Property Size10,400 SF
Days on Market140
Property Features for 95 Pine St
General Information
Standard status
Pending
Size
10,400 SF
Property subtype
Commercial
Listing Agency:
(516) 721-2119
Listed By:
Amanda R. Muldowney · License #10401282875
(516) 721-2119
Source:
Elliman
Added: Mar 10
Changed: Jul 10
Last Checked: Jul 27 at 11:28AM
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 Amanda R. Muldowney
Investment Insights
Based on property information with market context.
This 10,400 sq.ft. building is located in a highly accessible neighborhood, within walking distance of schools, local businesses, and public transportation. The property offers versatile space suitable for multiple commercial or community uses. An attached parking lot provides convenience. This property is suitable for investors or redevelopment.
Key Highlights
- Prime 10,400 sq.ft. building suitable for multiple commercial or community uses
- Highly accessible neighborhood within walking distance to major community anchors
- Attached parking lot provides ample convenience
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 | $312.0k | $30.00 |
| − Vacancy | −$17.8k | −$1.71 |
| EGI | $294.2k | $28.29 |
| − OpEx | −$88.3k | −$8.49 |
| NOI | $206.0k | $19.80 |
10,400 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.94M
$2.57M – $3.43M
NOI $205,951 @ 7.0% cap · market cap 8.95%
Second Best
Office B
$2.55M
$2.24M – $2.98M
NOI $178,832 @ 7.0% cap · market cap 7.78%
Theoretical Best
Specialty Retail
$6.88M
$6.02M – $8.02M
NOI $481,338 @ 7.0% cap · market cap 20.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - 10,400 sq.ft. building suitable for multiple commercial uses.
Where is this mixed-use property located?
The property is located at 95 Pine St Freeport, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Prime 10,400 sq.ft. building suitable for multiple commercial or community uses; Highly accessible neighborhood within walking distance to major community anchors; Attached parking lot provides ample convenience
