Mixed-Use Building with Auto
400 Lake Avenue Saint James, NY 11780
For Sale
$1,399,000
Mixed-use building featuring commercial space and updated apartments.
Property Size6,130 SF
Price / SF$228.22
Days on Market542
Property Features for 400 Lake Avenue
General Information
- Standard status
- Active
- Size
- 6,130 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1927
Listing Agency:
Century 21 AA Realty
(516) 547-5251
Listed By:
Maria J. Miro · License #10401347268
(516) 547-5251
Source:
Exitrealty
Added: Jan 31, 2025
Changed: Jul 10
Last Checked: Jul 27 at 4:02AM
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 Century 21 AA Realty
Investment Insights
Based on property information with market context.
This mixed-use building features 4,500 square feet of commercial space on the ground floor, currently housing an auto body shop and a beauty supply store. The commercial area includes multiple working areas and office space. The second floor contains approximately 1,630 square feet of residential space, consisting of two updated one-bedroom apartments with ample sunlight. The property also includes an additional parking lot for the auto body shop. The building is located in Saint James, NY.
Key Highlights
- Mixed‑use building offers both commercial and residential income streams.
- Existing Auto Body Shop and Beauty Supply Store on the ground floor provides immediate income potential.
- 4,500 square feet of commercial space on the ground floor offers versatile business opportunities.
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 | $183.9k | $30.00 |
| − Vacancy | −$12.7k | −$2.07 |
| EGI | $171.2k | $27.93 |
| − OpEx | −$51.4k | −$8.38 |
| NOI | $119.8k | $19.55 |
6,130 SF · lease $30.00/SF/yr · vacancy 6.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.71M
$1.50M – $2.00M
NOI $119,848 @ 7.0% cap · market cap 8.57%
Second Best
Mixed Use
$1.56M
$1.36M – $1.82M
NOI $109,126 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,724 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dowling Brothers Auto ...
Auto Repair Shop
Century 21
Real Estate Agency
Lush Beauty Lounge
Medical Clinic
FAQs
What type of property is this?
Mixed-use property - Mixed-use building featuring commercial space and updated apartments.
Where is this mixed-use property located?
The property is located at 400 Lake Avenue Saint James, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Mixed‑use building offers both commercial and residential income streams.; Existing Auto Body Shop and Beauty Supply Store on the ground floor provides immediate income potential.; 4,500 square feet of commercial space on the ground floor offers versatile business opportunities.
