Mixed-Use Property With Retail
2904 Lincoln Avenue, Oceanside, NY 11572
For Sale
$1,650,000
Residential Income, Oceanside, NY
Property Size4,082 SF
Lot Size0.34 Acres
Price / SF$404.21
Days on Market53
Property Features for 2904 Lincoln Avenue
General Information
Property type
Property subtype
Rooms
Parking
Parking features
Exterior features
Fireplace
Basement
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Lot size
Additional Details
Mixed-Use Components
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
detached rear garage
second-floor storage space
Building Details
Year built
Number of units
Flooring type
Building materials
Buildings
Listing Agency:
Stonegate Real Estate
Listed By:
Anthony M. Ponte
(516) 740-2777
Added: Sep 17
Changed: Nov 6
Last Checked: Nov 8 at 2:06AM
MLS# 1052130
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1888, this mixed-use property combines a ground-floor retail storefront with two residential apartments above. The units include one three-bedroom, one-bath apartment and one two-bedroom, one-bath apartment. The retail area is currently occupied by the owner, creating the option for an owner-user business or continued commercial use. The property contains approximately 4,082 square feet on a 0.3444-acre lot measuring 100 feet by 148 feet.
Additional improvements include a detached rear garage with second-floor storage, a driveway, parking lot, and oversized parking accommodations. The roof was replaced approximately 10 years ago. Public water and public sewer serve the property, with natural-gas baseboard heating and multiple cooling systems, including central air and ductless units. Located at 2904 Lincoln Avenue in Oceanside, NY 11572.
Additional improvements include a detached rear garage with second-floor storage, a driveway, parking lot, and oversized parking accommodations. The roof was replaced approximately 10 years ago. Public water and public sewer serve the property, with natural-gas baseboard heating and multiple cooling systems, including central air and ductless units. Located at 2904 Lincoln Avenue in Oceanside, NY 11572.
Key Highlights
- Approximately 4,082‑square‑foot mixed‑use property built in 1888
- Ground‑floor retail storefront with two residential apartments above
- Three‑bedroom, one‑bath apartment plus two‑bedroom, one‑bath apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,836
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,616,720
$1.6M
Cap Rate 7%
$1,154,800
$1.2M
Cap Rate 9%
$898,178
$898.2K
Market Conditions
NOI Build-Up for 4,082 SF
Gross rent
$122.5K $30.00/SF
− Vacancy
−$7.0K −$1.71/SF
EGI
$115.5K $28.29/SF
− OpEx
−$34.6K −$8.49/SF
NOI
$80.8K $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%
$1,616,720
Cap Rate 7%
$1,154,800
Cap Rate 9%
$898,178
Alternative Uses
Best Use
Retail
$1.15M
$1.01M – $1.35M
NOI $80,836 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$1.04M
$910.2K – $1.21M
NOI $72,813 @ 7.0% cap · market cap 4.41%
Theoretical Best
Specialty Retail
$2.70M
$2.36M – $3.15M
NOI $188,925 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,263
Businesses Nearby
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Business Placement
Demographics for 11572, NY
31,157
Population
10,811
Households
2.9
Avg Household Size
44
Median Age
48%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
6,491
Density / Sq Mi
$144,419
Median Household Income
$61,627
Median Earnings
$2,118
Median Rent
$627,300
Median Home Value
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Market
Properties on Market for Mixed-use properties in Nassau County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail space is paired with two apartments, a detached garage, and on-site parking for flexible occupancy options.
Where is this mixed-use property located?
The property is located at 2904 Lincoln Avenue Oceanside, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Approximately 4,082‑square‑foot mixed‑use property built in 1888; Ground‑floor retail storefront with two residential apartments above; Three‑bedroom, one‑bath apartment plus two‑bedroom, one‑bath apartment
