Building Details

Buildings 2

Tenancy Multi

Listing Agency: Silber Investment Properties Ltd

Listed By: Stuart Frankel · License #NY 40FR1166711 Show Phone

Source: Crexi

Added: Sep 14 Changed: Oct 25 Last Checked: Nov 3 at 3:29AM

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Investment Insights

Based on property information with market context.

This retail property includes two buildings totaling 8,050 square feet on 1.22 acres. The first building contains 2,550 square feet across three storefronts, while the second provides 5,500 square feet with seven storefronts. Current occupancy is 50% in the smaller building and 28% in the larger one.

The properties are situated on Long Island Ave in Holtsville, NY, with ample parking and J2 Brookhaven zoning. The buildings are available together or separately, offering flexibility for an owner-user, investor, or retail operator seeking a multi-storefront configuration.

Key Highlights

• 8,050 SF of retail space across two buildings
• 1.22‑acre retail property on Long Island Ave
• 155‑159 Long Island Ave includes 2,550 SF and 3 stores

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$157,386

Cap Rate

4.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,147,720 $3.1M

Cap Rate 7%

$2,248,371 $2.2M

Cap Rate 9%

$1,748,733 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,050 SF

Gross rent

$241.5K $30.00/SF

− Vacancy

−$16.7K −$2.07/SF

EGI

$224.8K $27.93/SF

− OpEx

−$67.5K −$8.38/SF

NOI

$157.4K $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 Rate 5%

$3,147,720

Cap Rate 7%

$2,248,371

Cap Rate 9%

$1,748,733

Alternative Uses

Best Use

Retail

$2.25M

$1.97M – $2.62M (±1% cap)

NOI $157,386 @ 7.0% cap · market cap 4.34%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.45M

$2.15M – $2.86M (±1% cap)

NOI $171,668 @ 7.0% cap · market cap 4.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Hair Salon Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

257

Businesses Nearby

29k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 55% Dining 45%

7-Eleven Shops & Services

15,048 visits/mo 0.2 miles

Dunkin' Donuts Dining

11,064 visits/mo 0.5 miles

China Wok Dining

1,911 visits/mo 0.1 miles

Extra Space Storage Shops & Services

869 visits/mo 0.2 miles

Demographics for 11742, NY

12,699

Population

4,610

Households

2.8

Avg Household Size

42

Median Age

35%

College-Educated

90%

High-School Grad

5.1 sq mi

ZIP Area

2,490

Density / Sq Mi

$126,563

Median Household Income

$59,555

Median Earnings

$2,224

Median Rent

$475,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Retail space - Two retail buildings offer multiple storefronts, on-site parking, and Brookhaven J2 zoning in Holtsville.

Where is this retail space located?

The property is located at 155-159 Long Island Ave Holtsville, NY.

What is the asking price?

The asking price for this property is $3,622,500.

What are key features of this property?

This property features: 8,050 SF of retail space across two buildings; 1.22‑acre retail property on Long Island Ave; 155‑159 Long Island Ave includes 2,550 SF and 3 stores