Mixed-Use Building with
For Sale
$1,799,000
Pending
1761-1763 New York Avenue, Huntington Station, NY 11746
The property combines ground-floor retail space with residential units above.
Property Size8,000 SF
Days on Market12
Property Features for 1761-1763 New York Avenue
General Information
Standard status
Pending
Size
8,000 SF
Zoning
C6
Additional Details
Mixed-Use Components
retail, residential
Multifamily Units
5
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$24,454
Amenities
Full,Storage Space,Unfinished
Yes
Full, Storage Space, Unfinished
Public
No
On Street
8000
Building Details
Building Size
8,000 SF
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Realty Greater
(516) 703-2918
Listed By:
Louis LaDonna
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 31
Last Checked: Oct 31 at 3:34AM
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 Keller Williams Realty Greater
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 1761-1763 New York Avenue in Huntington Station, this mixed-use property contains two storefronts and five residential units. The building has 8,000 square feet of property size and C6 zoning. Interior features include full, unfinished storage space.
One storefront is leased through 08/27, while the second has recently become vacant. The residential units are currently rented below market.
One storefront is leased through 08/27, while the second has recently become vacant. The residential units are currently rented below market.
Key Highlights
- Two storefronts and five residential units
- 8,000 square feet of property size
- C6 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,408
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,128,160
$3.1M
Cap Rate 7%
$2,234,400
$2.2M
Cap Rate 9%
$1,737,867
$1.7M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$240.0K $30.00/SF
− Vacancy
−$16.6K −$2.07/SF
EGI
$223.4K $27.93/SF
− OpEx
−$67.0K −$8.38/SF
NOI
$156.4K $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%
$3,128,160
Cap Rate 7%
$2,234,400
Cap Rate 9%
$1,737,867
Alternative Uses
Best Use
Retail
$2.23M
$1.96M – $2.61M
NOI $156,408 @ 7.0% cap · market cap 8.69%
Second Best
Mixed Use
$2.03M
$1.78M – $2.37M
NOI $142,416 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$2.44M
$2.13M – $2.84M
NOI $170,602 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
851
Businesses Nearby
Explore this area
Business Placement
Demographics for 11746, NY
69,040
Population
22,528
Households
3.1
Avg Household Size
40
Median Age
50%
College-Educated
90%
High-School Grad
24.1 sq mi
ZIP Area
2,865
Density / Sq Mi
$158,309
Median Household Income
$66,581
Median Earnings
$1,907
Median Rent
$664,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines ground-floor retail space with residential units above.
Where is this mixed-use property located?
The property is located at 1761-1763 New York Avenue Huntington Station, NY.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Two storefronts and five residential units; 8,000 square feet of property size; C6 zoning
