Diner with On-Site
For Sale
$2,300,000
267 BURNSIDE AVE, Lawrence, NY 11559
Food-service property includes a basement and offers build-to-suit flexibility.
Property Size3,284 SF
Lot Size0.16 Acres
Price / SF$700.37
Days on Market98
Property Features for 267 BURNSIDE AVE
General Information
Standard status
Active
Size
3,284 SF
Total Parking Spaces
20
Lot size
0.16 Acres
Property subtype
Retail
Additional Details
Floor
Ground + Basement
Asking Price
$2,300,000
Taxes and HOA fees
Annual Taxes
$14,964
Amenities
Central Air
3
Building Details
Year Built
1956
Listing Agency:
M & J Partners Realty LLC
(516) 233-9888
Listed By:
Meliza Berrios · License #10401346867
(516) 233-9888
Source:
Xome
Added: May 27
Changed: Aug 31
Last Checked: Aug 31 at 1:30PM
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 M & J Partners Realty LLC
Investment Insights
Based on property information with market context.
The property is configured as a diner and food establishment with approximately 3600 square feet across the first floor and basement. The building dates to 1956, and the owner will build to suit for a future occupant.
Situated at 267 Burnside Ave in Lawrence, the property is next to Dunkin Donuts and Patis Bakery, with Kol Save Supermarket and additional local businesses located down the block. The site encompasses approximately 7000 square feet and provides about 20 parking spaces, supporting customer access and daily food-service operations.
Situated at 267 Burnside Ave in Lawrence, the property is next to Dunkin Donuts and Patis Bakery, with Kol Save Supermarket and additional local businesses located down the block. The site encompasses approximately 7000 square feet and provides about 20 parking spaces, supporting customer access and daily food-service operations.
Key Highlights
- Approximately 3600 sq ft food establishment with first floor and basement included
- Approximately 7000 sq ft lot
- Approximately 20 parking spots
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$151,992
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,039,840
$3.0M
Cap Rate 7%
$2,171,314
$2.2M
Cap Rate 9%
$1,688,800
$1.7M
Market Conditions
NOI Build-Up for 3,284 SF
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.
Gross rent
$216.7K $66.00/SF
− Vacancy
−$14.1K −$4.29/SF
EGI
$202.7K $61.71/SF
− OpEx
−$50.7K −$15.43/SF
NOI
$152.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,039,840
Cap Rate 7%
$2,171,314
Cap Rate 9%
$1,688,800
Alternative Uses
Best Use
Specialty Retail
$2.17M
$1.90M – $2.53M
NOI $151,992 @ 7.0% cap · market cap 6.61%
Second Best
Retail
$929.0K
$812.9K – $1.08M
NOI $65,033 @ 7.0% cap · market cap 2.83%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,124
Businesses Nearby
386k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 32%
Dining 31%
Superstores 20%
Apparel 11%
Target
Superstores
76,128 visits/mo
0.3 miles
Marshalls
Apparel
38,657 visits/mo
0.3 miles
McDonald's
Dining
33,551 visits/mo
0.4 miles
Dollar Tree
Shops & Services
27,303 visits/mo
0.1 miles
Chase Bank
Shops & Services
22,258 visits/mo
0.3 miles
Demographics for 11559, NY
8,709
Population
2,849
Households
3.1
Avg Household Size
36
Median Age
56%
College-Educated
89%
High-School Grad
4.2 sq mi
ZIP Area
2,074
Density / Sq Mi
$156,429
Median Household Income
$70,023
Median Earnings
$2,031
Median Rent
$1,108,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Food-service property includes a basement and offers build-to-suit flexibility.
Where is this conventional restaurant located?
The property is located at 267 BURNSIDE AVE Lawrence, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Approximately 3600 sq ft food establishment with first floor and basement included; Approximately 7000 sq ft lot; Approximately 20 parking spots
