Retail Space with Loading
For Sale
$950,000
Pending
161 WALL ST, Huntington, NY 11743
Spacious retail storefront in a shopping center with front and rear entrances and a back loading dock.
Property Size2,380 SF
Days on Market228
Property Features for 161 WALL ST
General Information
Standard status
Pending
Size
2,380 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$14,073
Amenities
Central Air
3
Shared Driveway.
Listing Agency:
(631) 549-4400
Listed By:
Douglas Elliman Real Estate
(631) 499-9191
Source:
Xome
Added: Jan 23
Changed: Sep 1
Last Checked: Sep 8 at 4:23AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This spacious retail space is located within a bustling shopping center and includes both front and rear entrances. The layout also provides a back loading dock, supporting convenient receiving and operations. Parking is available in both the front and the back, with access to the parking lot from Southdown Rd.
The property benefits from high visibility and exposure and is described as being in close proximity to Huntington Village. The surrounding tenant mix includes UPS, a hair salon, South Down Market, and high-end restaurants, creating an established retail destination.
As a for-sale offering, this storefront space provides a practical configuration for retail uses that benefit from customer-access entrances and dedicated back-of-house loading.
The property benefits from high visibility and exposure and is described as being in close proximity to Huntington Village. The surrounding tenant mix includes UPS, a hair salon, South Down Market, and high-end restaurants, creating an established retail destination.
As a for-sale offering, this storefront space provides a practical configuration for retail uses that benefit from customer-access entrances and dedicated back-of-house loading.
Key Highlights
- Spacious retail storefront within a shopping center with front and rear entrances
- Back loading dock with parking in the front and plenty of parking in the back
- Shared driveway parking and access to the parking lot from Southdown Rd
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
$32,279
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
3.40%
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%
$645,580
$645.6K
Cap Rate 7%
$461,129
$461.1K
Cap Rate 9%
$358,656
$358.7K
Market Conditions
NOI Build-Up for 2,380 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
$51.4K $21.60/SF
− Vacancy
−$5.3K −$2.22/SF
EGI
$46.1K $19.38/SF
− OpEx
−$13.8K −$5.81/SF
NOI
$32.3K $13.56/SF
Area
Livingston County, NY
Vacancy
10.30%
Lease Rate
$21.60 /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%
$645,580
Cap Rate 7%
$461,129
Cap Rate 9%
$358,656
Alternative Uses
Best Use
Retail
$461.1K
$403.5K – $538.0K
NOI $32,279 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.0K
$570.5K – $760.7K
NOI $45,639 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,226
Businesses Nearby
138k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Groceries 31%
Leisure 18%
Shops & Services 12%
Stop & Shop
Groceries
29,478 visits/mo
0.4 miles
AMC Shore 8
Leisure
24,753 visits/mo
0.4 miles
Starbucks
Dining
18,297 visits/mo
0.5 miles
King Kullen
Groceries
13,558 visits/mo
0.4 miles
Burger King
Dining
10,707 visits/mo
0.3 miles
Demographics for 11743, NY
41,522
Population
16,138
Households
2.6
Avg Household Size
47
Median Age
64%
College-Educated
96%
High-School Grad
25.7 sq mi
ZIP Area
1,616
Density / Sq Mi
$173,014
Median Household Income
$75,618
Median Earnings
$2,397
Median Rent
$748,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Shopping center - Spacious retail storefront in a shopping center with front and rear entrances and a back loading dock.
Where is this shopping center located?
The property is located at 161 WALL ST Huntington, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Spacious retail storefront within a shopping center with front and rear entrances; Back loading dock with parking in the front and plenty of parking in the back; Shared driveway parking and access to the parking lot from Southdown Rd
