Mixed-Use Property with
169-171 Vincent Avenue, Lynbrook, NY 11563
For Sale
Contact for pricing
A two-family residence accompanies warehouse space, office area, and private employee parking.
Property Size5,802 SF
Price / SF$412.79
Days on Market49
Property Features for 169-171 Vincent Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Drive-In Doors
Property Use
Building Details
Buildings
Building Size
Listing Agency:
North Village Realty
Listed By:
Tom Bigansky · License NY #10491210989
Source:
Crexi
Added: Sep 27
Changed: Nov 11
Last Checked: Nov 12 at 6:16AM
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 North Village Realty
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Investment Insights
Based on property information with market context.
This mixed-use property combines an approximately 5,802-square-foot industrial building with a two-family residence. The warehouse includes a small private office and one drive-in garage door. Private parking is provided on site for employees.
The property is just off Sunrise Highway, with access for businesses serving Long Island. Its residential component may be used for rental income or on-site staff housing.
The property is just off Sunrise Highway, with access for businesses serving Long Island. Its residential component may be used for rental income or on-site staff housing.
Key Highlights
- Industrial building of approximately 5,802 SF
- Two‑family residence on the property
- Warehouse has a drive‑in garage door and small private office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,535
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,210,700
$2.2M
Cap Rate 7%
$1,579,071
$1.6M
Cap Rate 9%
$1,228,167
$1.2M
Market Conditions
NOI Build-Up for 5,802 SF
Gross rent
$167.1K $28.80/SF
− Vacancy
−$9.2K −$1.58/SF
EGI
$157.9K $27.22/SF
− OpEx
−$47.4K −$8.16/SF
NOI
$110.5K $19.05/SF
Area
Nassau County, NY
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,210,700
Cap Rate 7%
$1,579,071
Cap Rate 9%
$1,228,167
Alternative Uses
Best Use
Multifamily LT 5
$1.58M
$1.38M – $1.84M
NOI $110,535 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$1.48M
$1.29M – $1.72M
NOI $103,493 @ 7.0% cap · market cap 4.32%
Theoretical Best
Specialty Retail
$3.84M
$3.36M – $4.48M
NOI $268,531 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,082
Businesses Nearby
Explore this area
Business Placement
Demographics for 11563, NY
23,349
Population
8,088
Households
2.9
Avg Household Size
43
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
10,152
Density / Sq Mi
$138,006
Median Household Income
$65,565
Median Earnings
$2,173
Median Rent
$595,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in Nassau County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-family residence accompanies warehouse space, office area, and private employee parking.
Where is this mixed-use property located?
The property is located at 169-171 Vincent Avenue Lynbrook, NY.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: Industrial building of approximately 5,802 SF; Two‑family residence on the property; Warehouse has a drive‑in garage door and small private office
