863 Montauk Hwy Shirley, NY 11967
Mint 10,000+ Sqft retail building with national tenant.
Property Features for 863 Montauk Hwy
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Commercial
Listing office All Island Estates Realty Corp (516) 279-8828
Listing date Apr 24, 2026
Source Elliman
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 All Island Estates Realty Corp
Investment Insights
Based on property information with market context.
Key Highlights
- NNN National Tenant in place with long‑term lease.
- High‑traffic location on Montauk Hwy with 42,000+ vehicles per day.
- Large 10,000+ Sqft retail building with 58 parking spaces.
Local 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 | $300.0k | $30.00 |
| − Vacancy | −$20.7k | −$2.07 |
| EGI | $279.3k | $27.93 |
| − OpEx | −$83.8k | −$8.38 |
| NOI | $195.5k | $19.55 |
