Restaurant Building with Private
For Sale
Contact for pricing
1711 New York Ave, Huntington Station, NY
Restaurant property with frontage, private parking, and owner financing.
Property Size2,600 SF
Lot Size0.24 Acres
Price / SF$653.46
Days on Market1164
Property Features for 1711 New York Ave
General Information
Standard status
Active
Size
2,600 SF
Lot size
0.24 Acres
Property subtype
RETAIL
Listing Agency:
Island Associates Real Estate, Inc.
(631) 513-2000
Listed By:
Christopher R. Mayor · License #10401293904
(631) 513-2000
Source:
Moodyscre
Added: Jun 5, 2023
Changed: Jul 6
Last Checked: Aug 10 at 11:08AM
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 Island Associates Real Estate, Inc.
Investment Insights
Based on property information with market context.
This property, currently built out as a fully equipped restaurant, offers potential for various business uses. It features 62 feet of frontage on New York Avenue with one curb cut and is located at a signalized intersection. The property includes a private parking lot and C-6 zoning. Gas and electric utilities are separately metered. The property can be delivered vacant or occupied. Owner financing is possible. The property size is 2,600 square feet.
Key Highlights
- Private parking lot offers convenience.
- 62’ frontage on NY Ave with 1 curb cut.
- Located at a signalized intersection.
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
$50,833
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
2.99%
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%
$1,016,660
$1.0M
Cap Rate 7%
$726,186
$726.2K
Cap Rate 9%
$564,811
$564.8K
Market Conditions
NOI Build-Up for 2,600 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
$78.0K $30.00/SF
− Vacancy
−$5.4K −$2.07/SF
EGI
$72.6K $27.93/SF
− OpEx
−$21.8K −$8.38/SF
NOI
$50.8K $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 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%
$1,016,660
Cap Rate 7%
$726,186
Cap Rate 9%
$564,811
Alternative Uses
Best Use
Retail
$726.2K
$635.4K – $847.2K
NOI $50,833 @ 7.0% cap · market cap 2.99%
Second Best
Specialty Retail
$675.3K
$590.9K – $787.9K
NOI $47,274 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$792.1K
$693.1K – $924.1K
NOI $55,446 @ 7.0% cap · market cap 3.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
889
Businesses Nearby
79k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 34%
Groceries 18%
Electronics 6%
Dollar Tree
Shops & Services
18,514 visits/mo
0.0 miles
C-Town Supermarkets
Groceries
14,264 visits/mo
0.1 miles
Taco Bell
Dining
10,170 visits/mo
0.4 miles
Family Dollar
Shops & Services
8,068 visits/mo
0.3 miles
Pollo Campero
Dining
6,942 visits/mo
0.2 miles
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant property with frontage, private parking, and owner financing.
Where is this restaurant located?
The property is located at 1711 New York Ave Huntington Station, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Private parking lot offers convenience.; 62’ frontage on NY Ave with 1 curb cut.; Located at a signalized intersection.
