195 N Country Rd, Miller Place, NY 11764
11,000 SF catering hall with 250-seat capacity on 1.67-acre lot.
- Added:
- Apr 17, 2024
- Days on Market:
- 783
- Last Refresh:
- May 12 at 8:26 pm
Property Features for 195 N Country Rd
General Information
- Standard status
- Active
- Size
- 11,000 SF
- Lot size
- 1.67 Acres
- Property subtype
- Retail
Listing agent Jack Jawdat License #NY 10311200981
Listing office New York Commercial Real Estate
Listing date Apr 17, 2024
Source Crexi
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HighLights
- Large 11,000 SF catering hall on 1.67 acres.
- Equipped grand ballroom, cocktail room, and chef's kitchen.
- Capacity for 250 seats with 81 parking spots.
- Includes a luxurious bridal suite.
- J2 Zoning allows for retail/restaurant establishment.
- Equipped with a sprinkler system.
Overview
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 | $330.0k | $30.00 |
| − Vacancy | −$22.8k | −$2.07 |
| EGI | $307.2k | $27.93 |
| − OpEx | −$92.2k | −$8.38 |
| NOI | $215.1k | $19.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Miller Place
- County
- Suffolk
- State
- New York
- Longitude
- -72.994423
- Latitude
- 40.959282
