Corner Mixed-Use
For Sale
Contact for pricing
Pending
351 Neighborhood Road, Mastic Beach, NY 11951
Mixed-use property combines an Italian restaurant with two residential apartments and separately metered spaces.
Property Size4,440 SF
Days on Market144
Property Features for 351 Neighborhood Road
General Information
Standard status
Pending
Size
4,440 SF
Total Parking Spaces
80
Property subtype
Retail, Mixed Use
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Additional Details
Cap Rate
8.9%
Patio
Yes
Amenities
Separate Meters
Building Details
Tenancy
Multi
Listing Agency:
All Island Estates Realty Corporation
Listed By:
Matthew Shane · License #NY 10311207810
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 31 at 4:29PM
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 All Island Estates Realty Corporation
Investment Insights
Based on property information with market context.
This 3-unit mixed-use property combines an Italian restaurant and pizzeria with two residential apartments: one two-bedroom unit and one one-bedroom unit. The commercial space includes a full basement, indoor and outdoor seating, and separate meters serving the property. The building contains approximately 4,440 square feet and is accompanied by more than 80 parking spaces.
Positioned at the corner of Neighborhood Road and Elder Drive in Mastic Beach, the property has prominent signage and exposure at a visible intersection. It is situated between an ambulance company and the future town library. The property is currently occupied by an Italian restaurant and can be delivered vacant if needed. The offering reflects an 8.9 cap rate.
Positioned at the corner of Neighborhood Road and Elder Drive in Mastic Beach, the property has prominent signage and exposure at a visible intersection. It is situated between an ambulance company and the future town library. The property is currently occupied by an Italian restaurant and can be delivered vacant if needed. The offering reflects an 8.9 cap rate.
Key Highlights
- 3‑unit mixed‑use property totaling 4,440 square feet
- Italian restaurant and pizzeria with full basement
- Two apartments: one 2 Br unit and one 1 Br unit
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 11951, NY
13,827
Population
5,352
Households
2.6
Avg Household Size
38
Median Age
20%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
2,881
Density / Sq Mi
$108,877
Median Household Income
$51,255
Median Earnings
$2,313
Median Rent
$321,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property combines an Italian restaurant with two residential apartments and separately metered spaces.
Where is this mixed-use property located?
The property is located at 351 Neighborhood Road Mastic Beach, NY.
What are key features of this property?
This property features: 3‑unit mixed‑use property totaling 4,440 square feet; Italian restaurant and pizzeria with full basement; Two apartments: one 2 Br unit and one 1 Br unit
