8-Family Apartment
For Sale
Contact for pricing
Pending
1550 Montauk Hwy, Mastic, NY 11950
For sale 8-family apartment building with 100% occupancy, separate meters, and ample parking.
Days on Market112
Property Features for 1550 Montauk Hwy
General Information
Standard status
Pending
Property subtype
Mixed Use
Occupancy
100%
Additional Details
Cap Rate
8.76%
Traffic Count
22,500 vehicles/day
Multifamily Units
8
Building Details
Tenancy
Multi
Listing Agency:
All Island Estates Realty Corporation
Listed By:
Matthew Shane · License #NY 10311207810
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 30 at 9:30AM
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 Corporation
Investment Insights
Based on property information with market context.
This for-sale 8-family apartment building is offered as 100% occupied with all free-market units. The property includes separate meters, ample parking, and strategically placed curb cuts. An additional 7,841 square foot residential lot is included in the sale.
Located at 1550 Montauk Hwy in Mastic, NY, the building benefits from exposure along a busy Montauk Highway corridor with a stated daily traffic count of over 22,500 cars per day. The property is across the street from Dunkin’ Donuts, with nearby retailers and services including McDonald’s, Walgreens, Burger King, CVS, AutoZone, State Farm, and Domino’s.
Current stated annual income is $173,316 with total expenses of $37,476, resulting in a stated Net Operating Income (NOI) of $135,840. Expense items provided include oil, insurance, electric, maintenance and repairs, taxes, water, and snow plus landscaping.
Located at 1550 Montauk Hwy in Mastic, NY, the building benefits from exposure along a busy Montauk Highway corridor with a stated daily traffic count of over 22,500 cars per day. The property is across the street from Dunkin’ Donuts, with nearby retailers and services including McDonald’s, Walgreens, Burger King, CVS, AutoZone, State Farm, and Domino’s.
Current stated annual income is $173,316 with total expenses of $37,476, resulting in a stated Net Operating Income (NOI) of $135,840. Expense items provided include oil, insurance, electric, maintenance and repairs, taxes, water, and snow plus landscaping.
Key Highlights
- 8‑family apartment building for sale with 100% occupancy (all free market)
- Busy Montauk Highway frontage with daily traffic count over 22,500 cars per day
- Separate meters plus ample parking
Property Analytics
Current Use
Lease Details
8
Residential units
22,500 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Explore this area
Business Placement
Demographics for 11950, NY
16,233
Population
5,039
Households
3.2
Avg Household Size
36
Median Age
16%
College-Educated
84%
High-School Grad
3.7 sq mi
ZIP Area
4,387
Density / Sq Mi
$105,593
Median Household Income
$51,195
Median Earnings
$1,994
Median Rent
$372,900
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 - For sale 8-family apartment building with 100% occupancy, separate meters, and ample parking.
Where is this apartment building located?
The property is located at 1550 Montauk Hwy Mastic, NY.
What are key features of this property?
This property features: 8‑family apartment building for sale with 100% occupancy (all free market); Busy Montauk Highway frontage with daily traffic count over 22,500 cars per day; Separate meters plus ample parking
