Mixed-Use Retail and
For Sale
$9,200,000
1080 New York Ave, Huntington Station, NY 11746
Newly built mixed-use property with ground-floor retail and sixteen one-bedroom apartments plus parking garage.
Property Size24,500 SF
Lot Size0.23 Acres
Price / SF$375.51
Days on Market24
Property Features for 1080 New York Ave
General Information
Standard status
Active
Size
24,500 SF
Lot size
0.23 Acres
Property subtype
Mixed-Use
Additional Details
Cap Rate
5.58%
Multifamily Units
16
Building Details
Year Built
2023
Listing Agency:
Marcus & Millichap | Manhattan
(212) 430-5196
Listed By:
Michael Tuccillo · License #License(s): NY: 10301217094, NY: 10491208938
(212) 430-5196
Source:
Marcusmillichap
Added: Jul 9
Changed: Jul 10
Last Checked: Aug 1 at 2:16AM
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 Marcus & Millichap | Manhattan
Investment Insights
Based on property information with market context.
Northridge Square is a mixed-use property built in 2023 offering two ground-floor commercial retail spaces and sixteen one-bedroom, one-bath apartments. Residential units include in-unit washer/dryer, quartz countertops, vinyl flooring, gas cooking, and a balcony or private porch in each apartment, supported by an on-site parking garage.
The property is located at 1080 New York Avenue in Huntington Station, NY, and is described as being near national retailers including Home Depot, Old Navy, Marshalls, and 7-Eleven. The Huntington Station LIRR Train Station is also identified as being within a short distance.
This offering combines new residential design with street-level retail within a single parcel, providing a straightforward multi-use configuration for investors or operators seeking both apartment and commercial income streams.
The property is located at 1080 New York Avenue in Huntington Station, NY, and is described as being near national retailers including Home Depot, Old Navy, Marshalls, and 7-Eleven. The Huntington Station LIRR Train Station is also identified as being within a short distance.
This offering combines new residential design with street-level retail within a single parcel, providing a straightforward multi-use configuration for investors or operators seeking both apartment and commercial income streams.
Key Highlights
- Mixed‑use property at 1080 New York Avenue, Huntington Station, NY, built in 2023
- Approximately 24,500 SF on a 0.23‑acre parcel, including 16 one‑bedroom/one‑bath apartments and 2 ground‑floor retail units
- In‑unit washer/dryer, quartz countertops, vinyl flooring, gas cooking, and a balcony or private porch in each apartment unit
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 | $735.0k | $30.00 |
| − Vacancy | −$50.7k | −$2.07 |
| EGI | $684.3k | $27.93 |
| − OpEx | −$205.3k | −$8.38 |
| NOI | $479.0k | $19.55 |
24,500 SF · lease $30.00/SF/yr · vacancy 6.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.84M
$5.99M – $7.98M
NOI $478,999 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$6.22M
$5.44M – $7.26M
NOI $435,426 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$7.46M
$6.53M – $8.71M
NOI $522,469 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
1,277
Businesses Nearby
Explore this area
Business Placement
Demographics for 11746, NY
69,040
Population
22,528
Households
3.1
Avg Household Size
40
Median Age
50%
College-Educated
90%
High-School Grad
24.1 sq mi
ZIP Area
2,865
Density / Sq Mi
$158,309
Median Household Income
$66,581
Median Earnings
$1,907
Median Rent
$664,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Newly built mixed-use property with ground-floor retail and sixteen one-bedroom apartments plus parking garage.
Where is this apartment building located?
The property is located at 1080 New York Ave Huntington Station, NY.
What is the asking price?
The asking price for this property is $9,200,000.
What are key features of this property?
This property features: Mixed‑use property at 1080 New York Avenue, Huntington Station, NY, built in 2023; Approximately 24,500 SF on a 0.23‑acre parcel, including 16 one‑bedroom/one‑bath apartments and 2 ground‑floor retail units; In‑unit washer/dryer, quartz countertops, vinyl flooring, gas cooking, and a balcony or private porch in each apartment unit
