Two-Story Mixed-Use
1513 Straight Path Wyandanch, NY 11798
1513 Straight Path, Wyandanch, NY, 11798
$999,000
For Sale
$999,000
Two-story mixed-use anchor on a large lot with private parking and C zoning.
Property Size4,412 SF
Lot Size0.42 Acres
Price / SF$226.43
Days on Market180
Property Features for 1513 Straight Path
General Information
- Standard status
- Active
- Size
- 4,412 SF
- Lot size
- 0.42 Acres
- Property subtype
- Commercial
Listing agency
JULIA B FEE SOTHEBYS INT. RLTY
(914) 725-3305
Listed by
HARRISON RAGONE
Source
Corcoran
Added: Jan 22 Updated: Jul 21 at 1:32AM Checked: Jul 21 at 5:33AM
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 JULIA B FEE SOTHEBYS INT. RLTY
Investment Insights
Based on property information with market context.
This two-story mixed-use anchor property is offered for sale as part of an 18,080-square-foot lot. Public remarks describe the asset as a 4,412-square-foot anchor with ample private parking, and note the lot size as a foundation for expansion, redevelopment, or other long-range plans. The property is identified as having C zoning.
Public remarks also place the site within a major corridor transformation effort in Suffolk County, referencing the “Wyandanch Rising” movement and the “Wyandanch SPC” vision. The remarks cite thousands of new residential units, a modern LIRR station house, and a state-of-the-art YMCA as driving foot traffic to the area.
As presented, the property is positioned to serve a mixed-use operating concept within a broader redevelopment context, with its configuration anchored by the existing two-story structure and the substantial underlying land footprint.
Public remarks also place the site within a major corridor transformation effort in Suffolk County, referencing the “Wyandanch Rising” movement and the “Wyandanch SPC” vision. The remarks cite thousands of new residential units, a modern LIRR station house, and a state-of-the-art YMCA as driving foot traffic to the area.
As presented, the property is positioned to serve a mixed-use operating concept within a broader redevelopment context, with its configuration anchored by the existing two-story structure and the substantial underlying land footprint.
Key Highlights
- 4,412 SF two‑story mixed‑use anchor building on an 18,080 SF lot
- C zoning provides flexibility for a mixed‑use redevelopment concept
- Expansive lot size allows for potential expansion, redevelopment, or reconfiguration
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 | $132.4k | $30.00 |
| − Vacancy | −$9.1k | −$2.07 |
| EGI | $123.2k | $27.93 |
| − OpEx | −$37.0k | −$8.38 |
| NOI | $86.3k | $19.55 |
4,412 SF · lease $30.00/SF/yr · vacancy 6.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.23M
$1.08M – $1.44M
NOI $86,259 @ 7.0% cap · market cap 8.63%
Second Best
Mixed Use
$1.12M
$981.8K – $1.31M
NOI $78,542 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,087 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two-story mixed-use anchor on a large lot with private parking and C zoning.
Where is this retail space located?
The property is located at 1513 Straight Path Wyandanch, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 4,412 SF two‑story mixed‑use anchor building on an 18,080 SF lot; C zoning provides flexibility for a mixed‑use redevelopment concept; Expansive lot size allows for potential expansion, redevelopment, or reconfiguration
