Mixed-Use Building with
253 Sea Cliff Avenue Sea Cliff, NY 11579
253 Sea Cliff Avenue, Sea Cliff, NY, 11579
$1,999,999
For Sale
$1,999,999
Multi-level mixed-use property with a ground-floor storefront plus residential units and parking for about eight cars.
Property Size6,702 SF
Price / SF$298.42
Days on Market607
Property Features for 253 Sea Cliff Avenue
General Information
- Standard status
- Active
- Size
- 6,702 SF
- Property subtype
- Commercial
Listing Agency
DOUGLAS ELLIMAN REAL ESTATE
(516) 759-0400
Listed by
KRISTIE Y. PAGET WERZ
Source
Corcoran
Added: Nov 20, 2024 Updated: Jul 10 at 1:48 pm Checked: Jul 19 at 4:43 am
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 DOUGLAS ELLIMAN REAL ESTATE
Investment Insights
Based on property information with market context.
This charming mixed-use building offers a versatile combination of commercial and residential space. The first floor includes a commercial storefront of approximately 1,728 sq ft, along with an additional full basement of approximately 1,728 sq ft. The space features beautiful tin ceilings and includes a bathroom, providing a strong foundation for a wide range of storefront uses.
Residential components occupy the upper levels. The second floor includes a studio apartment with a balcony and a two-bedroom updated apartment. The third floor provides a one-bedroom updated apartment plus an additional one-bedroom apartment. The property is hooked up to sewers and includes a newer hot water tank.
Outside, the building includes a parking lot in the back for approximately eight cars, plus two outdoor attached storage sheds, a covered porch, and a fenced-in patio area. This configuration can appeal to investors and owner-operators looking to combine income-producing residential units with a ground-floor commercial storefront, supported by practical parking and usable outdoor space.
Residential components occupy the upper levels. The second floor includes a studio apartment with a balcony and a two-bedroom updated apartment. The third floor provides a one-bedroom updated apartment plus an additional one-bedroom apartment. The property is hooked up to sewers and includes a newer hot water tank.
Outside, the building includes a parking lot in the back for approximately eight cars, plus two outdoor attached storage sheds, a covered porch, and a fenced-in patio area. This configuration can appeal to investors and owner-operators looking to combine income-producing residential units with a ground-floor commercial storefront, supported by practical parking and usable outdoor space.
Key Highlights
- Approximately 6,702 sq ft mixed‑use building in Sea Cliff village with a commercial storefront and multiple residential units
- First‑floor commercial storefront is approximately 1,728 sq ft with an additional full basement of approximately 1,728 sq ft
- Second floor totals approximately 1,308 sq ft with a studio apartment with a balcony and a 2‑bedroom updated apartment
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 | $201.1k | $30.00 |
| − Vacancy | −$11.5k | −$1.71 |
| EGI | $189.6k | $28.29 |
| − OpEx | −$56.9k | −$8.49 |
| NOI | $132.7k | $19.80 |
6,702 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.90M
$1.66M – $2.21M
NOI $132,720 @ 7.0% cap · market cap 6.64%
Second Best
Multifamily LT 5
$1.82M
$1.60M – $2.13M
NOI $127,681 @ 7.0% cap · market cap 6.38%
Theoretical Best
Specialty Retail
$4.43M
$3.88M – $5.17M
NOI $310,185 @ 7.0% cap · market cap 15.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Multi-level mixed-use property with a ground-floor storefront plus residential units and parking for about eight cars.
Where is this mixed-use property located?
The property is located at 253 Sea Cliff Avenue Sea Cliff, NY.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Approximately 6,702 sq ft mixed‑use building in Sea Cliff village with a commercial storefront and multiple residential units; First‑floor commercial storefront is approximately 1,728 sq ft with an additional full basement of approximately 1,728 sq ft; Second floor totals approximately 1,308 sq ft with a studio apartment with a balcony and a 2‑bedroom updated apartment
