Oyster Bay Mixed-Use
22 Pine Hollow Rd Oyster Bay, NY
For Sale
Contact for pricing
Renovated mixed-use property with restaurant and apartment in Oyster Bay.
Property Size2,230 SF
Lot Size0.17 Acres
Price / SF$538.12
Days on Market375
Property Features for 22 Pine Hollow Rd
General Information
- Standard status
- Active
- Size
- 2,230 SF
- Lot size
- 0.17 Acres
- Property subtype
- RETAIL
Listing Agency:
NY Space Finders
(516) 385-7725
Listed By:
Nicholas Evangelista · License #10401378306
(516) 385-7725
Source:
Moodyscre
Added: Jul 16, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:13AM
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 NY Space Finders
Investment Insights
Based on property information with market context.
Located at 22 Pine Hollow Road in Oyster Bay, this mixed-use property presents an opportunity in a busy area near the intersection of Pine Hollow Road, South Street, Berry Hill Road, and Lexington Avenue. Situated on a 50x150 lot, the newly renovated property (2024) features a modernized restaurant on the first floor. The restaurant includes a new HVAC system, updated electrical and plumbing, a new, fully equipped kitchen line, one basement walk-in box, and two outdoor walk-ins. The restaurant provides 70 indoor seats and an outdoor courtyard with additional seating. It also has a full liquor license, jukebox, lotto machines, TVs, and hardwood floors throughout the dining and bar areas. The property also includes a second-floor, 3-bedroom apartment with a private entrance, offering rental income potential, and a third-floor walk-up attic for storage or additional space. With basement access and two restrooms, this property offers 2230 square feet of space.
Key Highlights
- Newly renovated (2024) restaurant with a fully equipped kitchen, brand‑new HVAC, and updated electrical/plumbing.
- Prime location in a bustling area near major intersections in Oyster Bay.
- Operating restaurant with 70 indoor seats, outdoor courtyard, and full liquor license.
Financial Insights For Specialty 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 | $147.2k | $66.00 |
| − Vacancy | −$9.6k | −$4.29 |
| EGI | $137.6k | $61.71 |
| − OpEx | −$34.4k | −$15.43 |
| NOI | $103.2k | $46.28 |
2,230 SF · lease $66.00/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.47M
$1.29M – $1.72M
NOI $103,210 @ 7.0% cap · market cap 8.60%
Second Best
Retail
$630.9K
$552.0K – $736.0K
NOI $44,161 @ 7.0% cap · market cap 3.68%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
W.H. Burnett's Tavern
Bar & Pub
Similar Off Market Nearby
- W S Food Services Inc — 110 Anstice St, Oyster Bay, NY 11771
- The Saint and Assassin Chef — 600 Pine Hollow Rd, East Norwich, NY 11732
FAQs
What type of property is this?
Restaurant - Renovated mixed-use property with restaurant and apartment in Oyster Bay.
Where is this restaurant located?
The property is located at 22 Pine Hollow Rd Oyster Bay, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Newly renovated (2024) restaurant with a fully equipped kitchen, brand‑new HVAC, and updated electrical/plumbing.; Prime location in a bustling area near major intersections in Oyster Bay.; Operating restaurant with 70 indoor seats, outdoor courtyard, and full liquor license.
