Mixed-Use Retail
New
For Sale
Contact for pricing
16500 Main St, New Suffolk, NY 11956
Retail space is paired with two leased apartments, creating a combined commercial and residential configuration.
Property Size3,610 SF
Price / SF$463.99
Days on Market5
Property Features for 16500 Main St
General Information
Standard status
Active
Size
3,610 SF
Property subtype
MULTIFAMILY
Zoning
Hamlet Business
Listing Agency:
The Corcoran Group | East Side
(631) 848-7730
Listed By:
Sheri Winter Parker · License #10301200825
(631) 848-7730
Source:
Moodyscre
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 3 at 12:49PM
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 The Corcoran Group | East Side
Investment Insights
Based on property information with market context.
This 3,610-square-foot mixed-use property combines retail space with two apartments located above the commercial area. Both residential units are fully leased and generate income, providing an established residential component within the property’s overall configuration.
The property is zoned Hamlet Business, supporting its commercial orientation and retail use. The combination of ground-level retail space and leased apartments creates a single asset with both business and residential elements.
The property is zoned Hamlet Business, supporting its commercial orientation and retail use. The combination of ground-level retail space and leased apartments creates a single asset with both business and residential elements.
Key Highlights
- 3,610‑square‑foot mixed‑use property
- Retail space with two apartments above
- Both apartments are fully leased
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 | $108.3k | $30.00 |
| − Vacancy | −$7.5k | −$2.07 |
| EGI | $100.8k | $27.93 |
| − OpEx | −$30.2k | −$8.38 |
| NOI | $70.6k | $19.55 |
3,610 SF · lease $30.00/SF/yr · vacancy 6.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.01M
$882.2K – $1.18M
NOI $70,579 @ 7.0% cap · market cap 4.21%
Second Best
Multifamily LT 5
$995.9K
$871.4K – $1.16M
NOI $69,710 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$1.10M
$962.3K – $1.28M
NOI $76,984 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 11956, NY
405
Population
291
Households
1.4
Avg Household Size
57
Median Age
69%
College-Educated
98%
High-School Grad
1.3 sq mi
ZIP Area
312
Density / Sq Mi
$121,500
Median Household Income
$128,333
Median Earnings
$1,033,700
Median Home Value
Market
Properties on Market for Mixed-use properties in Suffolk County
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail space is paired with two leased apartments, creating a combined commercial and residential configuration.
Where is this mixed-use property located?
The property is located at 16500 Main St New Suffolk, NY.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: 3,610‑square‑foot mixed‑use property; Retail space with two apartments above; Both apartments are fully leased
