Mixed-Use Property with
For Sale
$1,000,000
149 Depot Rd, Huntington Station, NY 11746
Two-building configuration combines ground-floor commercial space, an existing apartment, and C6 & R5 zoning.
Property Size3,070 SF
Lot Size0.33 Acres
Price / SF$325.73
Days on Market169
Property Features for 149 Depot Rd
General Information
Standard status
Active
Size
3,070 SF
Lot size
0.33 Acres
Property subtype
Mixed-Use
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
The subject property rests on a 0.33-acre parcel with approximately +/- 4,700 square feet of space.
Consists of two buildings, a mixed-use building, with ground floor commercial space and an apartment on the second floor, and a garage, with an apartment to be built on the second floor, in the rear.
Additionally, the Huntington Station LIRR Train Station is located just minutes away, providing direct access to Manhattan and serving as a major employment and commuter hub for the region.
Building Details
Buildings
2
Units
4
Listed By:
Mike Tuccillo · License #License(s): NY: 10301217094, NY: 10491208938
(212) 430-5196
Source:
Marcusmillichap
Added: Apr 4
Changed: Sep 6
Last Checked: Sep 19 at 5:49AM
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 Mike Tuccillo
Investment Insights
Based on property information with market context.
This mixed-use property comprises approximately 3,070 square feet on a 0.33-acre parcel and includes two separate buildings. The primary structure places commercial space at ground level with an apartment above, while the rear garage includes an apartment planned for its second floor. The property was built in 1940 and carries C6 & R5 zoning.
The site is near major commercial corridors and is surrounded by retailers including Home Depot, Old Navy, Marshalls, and 7-Eleven. Huntington Station LIRR is minutes away, offering direct service to Manhattan and access to a significant regional employment and commuter center. More than 86,000 residents live within three miles, with average household income exceeding $171,000.
The site is near major commercial corridors and is surrounded by retailers including Home Depot, Old Navy, Marshalls, and 7-Eleven. Huntington Station LIRR is minutes away, offering direct service to Manhattan and access to a significant regional employment and commuter center. More than 86,000 residents live within three miles, with average household income exceeding $171,000.
Key Highlights
- 0.33‑acre parcel with approximately +/- 3,070 square feet
- Two‑building property with commercial space, an existing apartment, and a garage
- Rear garage includes an apartment planned for the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,022
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,200,440
$1.2M
Cap Rate 7%
$857,457
$857.5K
Cap Rate 9%
$666,911
$666.9K
Market Conditions
NOI Build-Up for 3,070 SF
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.
Gross rent
$92.1K $30.00/SF
− Vacancy
−$6.4K −$2.07/SF
EGI
$85.7K $27.93/SF
− OpEx
−$25.7K −$8.38/SF
NOI
$60.0K $19.55/SF
Area
Suffolk County, NY
Vacancy
6.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,200,440
Cap Rate 7%
$857,457
Cap Rate 9%
$666,911
Alternative Uses
Best Use
Retail
$857.5K
$750.3K – $1.00M
NOI $60,022 @ 7.0% cap · market cap 6.00%
Second Best
Mixed Use
$780.7K
$683.2K – $910.9K
NOI $54,652 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$935.3K
$818.4K – $1.09M
NOI $65,469 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
972
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-building configuration combines ground-floor commercial space, an existing apartment, and C6 & R5 zoning.
Where is this mixed-use property located?
The property is located at 149 Depot Rd Huntington Station, NY.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 0.33‑acre parcel with approximately +/- 3,070 square feet; Two‑building property with commercial space, an existing apartment, and a garage; Rear garage includes an apartment planned for the second floor
