Mixed-Use Building with Ground
For Sale
Contact for pricing
334 New York Avenue, Huntington, NY 11743
Ground-floor retail with second-floor office space offers flexible mixed-use occupancy in Huntington Village.
Property Size2,934 SF
Price / SF$681.66
Days on Market124
Property Features for 334 New York Avenue
General Information
Standard status
Active
Size
2,934 SF
Property subtype
Retail, Mixed Use
Additional Details
Office Units
1
Building Details
Year Built
1943
Stories
2
Listing Agency:
Silber Investment Properties Ltd
Listed By:
Amanda Gordon · License #NY10301207148
Source:
Crexi
Added: Jun 4
Changed: Sep 10
Last Checked: Oct 4 at 9:43AM
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 Silber Investment Properties Ltd
Investment Insights
Based on property information with market context.
This mixed-use building includes a ground-floor retail storefront and a smaller second-floor office component. The retail level is approximately 2,000 square feet and is currently occupied by a jewelry store. The second floor provides about 400 square feet of office space with a private bathroom, kitchenette, and additional storage.
The property is located at 334 New York Avenue in Huntington, New York, in the Huntington Village downtown area. It is less than one block from The Paramount, placing it within close proximity to local restaurants, shops, nightlife, and entertainment venues.
For buyers and operators, the configuration supports a range of approaches, including retaining the current retail tenant and using the office space for an owner-user or alternative business use. The offering also notes the possibility of creating an additional apartment, which may support additional income potential through expanded residential use, subject to applicable approvals.
The property is located at 334 New York Avenue in Huntington, New York, in the Huntington Village downtown area. It is less than one block from The Paramount, placing it within close proximity to local restaurants, shops, nightlife, and entertainment venues.
For buyers and operators, the configuration supports a range of approaches, including retaining the current retail tenant and using the office space for an owner-user or alternative business use. The offering also notes the possibility of creating an additional apartment, which may support additional income potential through expanded residential use, subject to applicable approvals.
Key Highlights
- Mixed‑use property in Huntington Village with 2,000 SF ground‑floor retail currently occupied by a jewelry store
- Second‑floor office space with approx. 400 SF, including a private bathroom, kitchenette, and additional storage
- Year built: 1943
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
$57,363
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
2.87%
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%
$1,147,260
$1.1M
Cap Rate 7%
$819,471
$819.5K
Cap Rate 9%
$637,367
$637.4K
Market Conditions
NOI Build-Up for 2,934 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
$88.0K $30.00/SF
− Vacancy
−$6.1K −$2.07/SF
EGI
$81.9K $27.93/SF
− OpEx
−$24.6K −$8.38/SF
NOI
$57.4K $19.55/SF
Area
Suffolk County, NY
Vacancy
6.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,147,260
Cap Rate 7%
$819,471
Cap Rate 9%
$637,367
Alternative Uses
Best Use
Retail
$819.5K
$717.0K – $956.1K
NOI $57,363 @ 7.0% cap · market cap 2.87%
Second Best
Mixed Use
$746.2K
$652.9K – $870.5K
NOI $52,231 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$893.8K
$782.1K – $1.04M
NOI $62,568 @ 7.0% cap · market cap 3.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
2,845
Businesses Nearby
Explore this area
Business Placement
Demographics for 11743, NY
41,522
Population
16,138
Households
2.6
Avg Household Size
47
Median Age
64%
College-Educated
96%
High-School Grad
25.7 sq mi
ZIP Area
1,616
Density / Sq Mi
$173,014
Median Household Income
$75,618
Median Earnings
$2,397
Median Rent
$748,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail with second-floor office space offers flexible mixed-use occupancy in Huntington Village.
Where is this mixed-use property located?
The property is located at 334 New York Avenue Huntington, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Mixed‑use property in Huntington Village with 2,000 SF ground‑floor retail currently occupied by a jewelry store; Second‑floor office space with approx. 400 SF, including a private bathroom, kitchenette, and additional storage; Year built: 1943
