Side-by-Side Retail Strip
1868 Deer Pk Ave Deer Park, NY 11729
1868 Deer Pk Ave, Deer Park, NY, 11729
$3,450,000
For Sale
$3,450,000
Two side-by-side retail strip centers totaling 7,350 SF on 0.50 acres in Deer Park, NY.
Property Size7,350 SF
Price / SF$469.39
Days on Market109
Property Features for 1868 Deer Pk Ave
General Information
- Standard status
- Active
- Size
- 7,350 SF
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 1953
Listing agency
New York City Office
(212) 430-5196
Listed by
Michael Tuccillo · License #NY: 10301217094, NY: 10491208938
(212) 430-5196
Source
Marcusmillichap
Added: Apr 4 Updated: Jul 21 at 12:26PM Checked: Jul 21 at 12:26PM
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 New York City Office
Investment Insights
Based on property information with market context.
Marcus & Millichap presents two side-by-side retail strip centers at 1858-1864-1868 Deer Park Avenue in Deer Park, NY. The offering includes a gross leasable area of 7,350 SF on a gross lot size of 0.50 acres.
The property is positioned in a prominent retail corridor near a Tangers Outlet, a Stop & Shop-anchored shopping center, and the Deer Park Long Island Rail Road station. The site is also just east of Sagtikos Parkway, which is described as a major thoroughfare connecting the I-495 (LIE) and the Southern Parkway and seeing over 98,000 VPD.
Additional information is available upon request.
The property is positioned in a prominent retail corridor near a Tangers Outlet, a Stop & Shop-anchored shopping center, and the Deer Park Long Island Rail Road station. The site is also just east of Sagtikos Parkway, which is described as a major thoroughfare connecting the I-495 (LIE) and the Southern Parkway and seeing over 98,000 VPD.
Additional information is available upon request.
Key Highlights
- Two side‑by‑side retail strip centers totaling 7,350 SF
- Located on a 0.50‑acre gross lot in Deer Park, NY
- Year built: 1953
Local 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 | $220.5k | $30.00 |
| − Vacancy | −$15.2k | −$2.07 |
| EGI | $205.3k | $27.93 |
| − OpEx | −$61.6k | −$8.38 |
| NOI | $143.7k | $19.55 |
7,350 SF · lease $30.00/SF/yr · vacancy 6.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.05M
$1.80M – $2.40M
NOI $143,700 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,741 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sun's Nails
Nail Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Two side-by-side retail strip centers totaling 7,350 SF on 0.50 acres in Deer Park, NY.
Where is this strip mall located?
The property is located at 1868 Deer Pk Ave Deer Park, NY.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Two side‑by‑side retail strip centers totaling 7,350 SF; Located on a 0.50‑acre gross lot in Deer Park, NY; Year built: 1953
