365 Atlantic Ave Freeport, NY 11520
Four-lot commercial package with three businesses and parking.
- Added:
- Apr 24, 2026
- Days on Market:
- 80
- Last Refresh:
- Jul 4 at 6:18 am
Property Features for 365 Atlantic Ave
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1918
Listing office Womcore LLC dba Remax Edge (516) 524-6162
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
Key Highlights
- Turnkey, cash‑flowing investment property with an approx. NOI of $157,888.
- 5.85% cap rate at a $2.7M list price.
- Four‑lot commercial package with three established businesses.
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 | $225.0k | $30.00 |
| − Vacancy | −$12.8k | −$1.71 |
| EGI | $212.2k | $28.29 |
| − OpEx | −$63.7k | −$8.49 |
| NOI | $148.5k | $19.80 |
