Listing Agency: A Class Realty

Listed By: Anthoane C. Mazzara Cbr · License #KEY183669 Show Phone

Source: Thisoldhudsonrealestate

Added: Oct 14 Changed: Oct 15 Last Checked: Oct 15 at 2:08AM

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Investment Insights

Based on property information with market context.

The storefronts at 2091, 2093, and 2095 Wantagh Avenue are combined as a 3,000-square-foot retail space. The consolidated footprint offers a single commercial premises across the three addresses.

The property sits across from the Mount Sinai Medical Complex, just off Sunrise Highway, and minutes from the Wantagh LIRR station.

Key Highlights

• 3,000‑square‑foot space combines the storefronts at 2091, 2093, and 2095 Wantagh Avenue
• Across from the Mount Sinai Medical Complex
• Just off Sunrise Highway

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$59,409

Cap Rate

3.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,188,180 $1.2M

Cap Rate 7%

$848,700 $848.7K

Cap Rate 9%

$660,100 $660.1K

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$90.0K $30.00/SF

− Vacancy

−$5.1K −$1.71/SF

EGI

$84.9K $28.29/SF

− OpEx

−$25.5K −$8.49/SF

NOI

$59.4K $19.80/SF

Area

Nassau County, NY

Vacancy

5.70%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,188,180

Cap Rate 7%

$848,700

Cap Rate 9%

$660,100

Alternative Uses

Best Use

Retail

$848.7K

$742.6K – $990.2K (±1% cap)

NOI $59,409 @ 7.0% cap · market cap 3.30%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.98M

$1.74M – $2.31M (±1% cap)

NOI $138,848 @ 7.0% cap · market cap 7.71%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Mid-Island Medical Supply ... Surgical Supply Store Doc Brown's Books Medical Supply Store

Suggested Use

Top Pick Daycare Center Carpet & Flooring Store Storage Facility Locksmith (Bike/Boat/Book/etc) Store Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,380

Businesses Nearby

80k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 77% Dining 21% Home Improvements & Furnishings 2%

7-Eleven Shops & Services

16,309 visits/mo 0.3 miles

The UPS Store Shops & Services

11,686 visits/mo 0.3 miles

7-Eleven Shops & Services

9,181 visits/mo 0.4 miles

Capital One Bank Shops & Services

8,684 visits/mo 0.2 miles

Dunkin' Donuts Dining

7,916 visits/mo 0.3 miles

Demographics for 11793, NY

32,121

Population

10,774

Households

3

Avg Household Size

43

Median Age

49%

College-Educated

96%

High-School Grad

9.9 sq mi

ZIP Area

3,245

Density / Sq Mi

$168,519

Median Household Income

$74,054

Median Earnings

$2,169

Median Rent

$633,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Abby's Parkside Nursery & Florist Inc. — 3333 Merrick Rd, Wantagh, NY 11793
• Numa's Florist — 1888 Wantagh Ave, Wantagh, NY 11793

Frequently Asked Questions

What type of property is this?

Storefront property - Three storefronts are combined into one commercial space on Wantagh Avenue.

Where is this storefront property located?

The property is located at 2093 Wantagh Avenue Wantagh, NY.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: 3,000‑square‑foot space combines the storefronts at 2091, 2093, and 2095 Wantagh Avenue; Across from the Mount Sinai Medical Complex; Just off Sunrise Highway