Mixed-Use Building with
For Sale
$1,799,000
1761-1763 New York Avenue, Huntington, NY 11746
Two commercial storefronts are paired with five residential units in a multi-occupancy property.
Property Size8,000 SF
Price / SF$224.88
Days on Market10
Property Features for 1761-1763 New York Avenue
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Mixed Use
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$24,454
Amenities
Window/Wall Unit
3
Parking.
On Street.
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Realty Greater
(516) 424-1404
Listed By:
Nathan Kamara
(516) 424-1404
Source:
Xome
Added: Jul 28
Changed: Aug 2
Last Checked: Aug 6 at 3:31AM
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
Investment Insights
Based on property information with market context.
This 8,000-square-foot mixed-use building combines two storefronts with five residential units. The property includes a blend of commercial and residential spaces within one building, with on-street parking available along New York Avenue.
One storefront is leased until 08/27, while the second has recently become vacant. The residential units are occupied at below-market rents, providing an existing rental component for a new owner to evaluate. The property is located at 1761-1763 New York Avenue in Huntington Station, New York.
One storefront is leased until 08/27, while the second has recently become vacant. The residential units are occupied at below-market rents, providing an existing rental component for a new owner to evaluate. The property is located at 1761-1763 New York Avenue in Huntington Station, New York.
Key Highlights
- 8,000‑square‑foot mixed‑use building
- Two storefronts and five residential units
- One storefront leased until 08/27
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
$108,501
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
6.03%
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%
$2,170,020
$2.2M
Cap Rate 7%
$1,550,014
$1.6M
Cap Rate 9%
$1,205,567
$1.2M
Market Conditions
NOI Build-Up for 8,000 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
$172.8K $21.60/SF
− Vacancy
−$17.8K −$2.22/SF
EGI
$155.0K $19.38/SF
− OpEx
−$46.5K −$5.81/SF
NOI
$108.5K $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%
$2,170,020
Cap Rate 7%
$1,550,014
Cap Rate 9%
$1,205,567
Alternative Uses
Best Use
Retail
$1.55M
$1.36M – $1.81M
NOI $108,501 @ 7.0% cap · market cap 6.03%
Second Best
Mixed Use
$1.39M
$1.22M – $1.62M
NOI $97,200 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$2.19M
$1.92M – $2.56M
NOI $153,408 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,216
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial storefronts are paired with five residential units in a multi-occupancy property.
Where is this mixed-use property located?
The property is located at 1761-1763 New York Avenue Huntington, 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: 8,000‑square‑foot mixed‑use building; Two storefronts and five residential units; One storefront leased until 08/27
