Listing Agency: NY Space Finders Show Phone

Listed By: Nicholas Evangelista · License #10401378306 Show Phone

Source: Moodyscre

Added: Jul 16, 2025 Changed: Sep 9 Last Checked: Oct 5 at 7:12PM

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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

Estimated NOI and Cap Rate

NOI / Yr

$103,210

Cap Rate

8.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,064,200 $2.1M

Cap Rate 7%

$1,474,429 $1.5M

Cap Rate 9%

$1,146,778 $1.1M

Market Conditions

NOI Build-Up for 2,230 SF

Gross rent

$147.2K $66.00/SF

− Vacancy

−$9.6K −$4.29/SF

EGI

$137.6K $61.71/SF

− OpEx

−$34.4K −$15.43/SF

NOI

$103.2K $46.28/SF

Area

Nassau County, NY

Vacancy

6.50%

Lease Rate

$66.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,064,200

Cap Rate 7%

$1,474,429

Cap Rate 9%

$1,146,778

Alternative Uses

Best Use

Specialty Retail

$1.47M

$1.29M – $1.72M (±1% cap)

NOI $103,210 @ 7.0% cap · market cap 8.60%

Second Best

Retail

$630.9K

$552.0K – $736.0K (±1% cap)

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 authorities.

Property Analytics

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Current Use

W.H. Burnett's Tavern Bar & Pub

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Parking Lot & Garage Dental Office Cafe & Coffee Shop Garden Center

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

Location Intelligence

Trade Area within ½ mile

636

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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

Similar Off Market Nearby

• The Saint and Assassin Chef — 600 Pine Hollow Rd, East Norwich, NY 11732
• W S Food Services Inc — 110 Anstice St, Oyster Bay, NY 11771

Frequently Asked Questions

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.