2600-2610 Pettit Avenue Bellmore, NY 11710
MULTI_FAMILY - Bellmore, NY
Property Features for 2600-2610 Pettit Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 68
- Parking features
- Assigned
- Standard status
- Active
- APN
- 2089-56-288-00-0067-0
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 53545
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1924
- Floors in Building
- 2
- Number of units
- 5
- Building materials
- Block, Frame
Listing agent Richard Matt Shane License #10301216230 (516) 279-8828
Listing office All Island Estates Realty Corp 3242 Railroad Ave, Wantagh, NY (516) 783-5600
Listing date Dec 11, 2025
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Investment Insights
Based on property information with market context.
The property is located in the heart of Bellmore on Pettit Avenue, at the Bellmore LIRR station and one block off Sunrise Highway. It is situated between large municipal parking lots. Nearby businesses called out in the listing include Starbucks, Dunkin', Panera Bread, CVS, Stop & Shop, PetSmart, Trader Joe’s, McDonald’s, and multiple automotive and retail users.
The listing also provides reported income for the office and restaurant/bar components, along with pro forma expenses and an NOI of $192,824.65 annually, stated as a 7.28% cap.
Key Highlights
- 5‑unit, 9,000 SF retail building on Pettit Ave in Bellmore, with multiple office spaces and a restaurant/bar
- Pro forma income $252,000 annually with pro forma NOI of $192,824.65 and 7.28% cap rate
- Zoned 481.4; includes 68 assigned parking spaces and strategically placed curb cut
Local Financial Insights For Office B
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 | $251.6k | $27.96 |
| − Vacancy | −$45.3k | −$5.03 |
| EGI | $206.3k | $22.93 |
| − OpEx | −$51.6k | −$5.73 |
| NOI | $154.8k | $17.20 |
