Retail
New
For Sale
Contact for pricing
375 Sunrise Hwy, Lynbrook, NY 11563
The Lynbrook property offers a substantial retail footprint along Sunrise Highway.
Property Size15,241 SF
Price / SF$295.26
Days on Market2
Property Features for 375 Sunrise Hwy
General Information
Standard status
Active
Size
15,241 SF
Property subtype
RETAIL
Listing Agency:
RIPCO Real Estate - Queens
(718) 663-2650
Listed By:
Stephen R. Preuss
(516) 647-7155
Source:
Moodyscre
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:15AM
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 RIPCO Real Estate - Queens
Investment Insights
Based on property information with market context.
This 15,241-square-foot retail property is located at 375 Sunrise Hwy in Lynbrook, New York. The same family has held the property for more than four decades, marking its first sale in that period.
Key Highlights
- 15,241 square feet of retail space
- 375 Sunrise Hwy address in Lynbrook, NY 11563
- Held by one family for more than 40 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$301,818
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,036,360
$6.0M
Cap Rate 7%
$4,311,686
$4.3M
Cap Rate 9%
$3,353,533
$3.4M
Market Conditions
NOI Build-Up for 15,241 SF
Gross rent
$457.2K $30.00/SF
− Vacancy
−$26.1K −$1.71/SF
EGI
$431.2K $28.29/SF
− OpEx
−$129.4K −$8.49/SF
NOI
$301.8K $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%
$6,036,360
Cap Rate 7%
$4,311,686
Cap Rate 9%
$3,353,533
Alternative Uses
Best Use
Retail
$4.31M
$3.77M – $5.03M
NOI $301,818 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.08M
$8.82M – $11.76M
NOI $705,392 @ 7.0% cap · market cap 15.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,075
Businesses Nearby
185k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Leisure 38%
Dining 34%
Shops & Services 26%
Beauty & Spa 1%
Regal Lynbrook
Leisure
69,853 visits/mo
0.3 miles
McDonald's
Dining
27,499 visits/mo
0.4 miles
Dunkin' Donuts
Dining
16,561 visits/mo
0.1 miles
Bank of America
Shops & Services
13,834 visits/mo
0.3 miles
7-Eleven
Shops & Services
7,963 visits/mo
0.2 miles
Demographics for 11563, NY
23,349
Population
8,088
Households
2.9
Avg Household Size
43
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
10,152
Density / Sq Mi
$138,006
Median Household Income
$65,565
Median Earnings
$2,173
Median Rent
$595,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - The Lynbrook property offers a substantial retail footprint along Sunrise Highway.
Where is this retail space located?
The property is located at 375 Sunrise Hwy Lynbrook, NY.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 15,241 square feet of retail space; 375 Sunrise Hwy address in Lynbrook, NY 11563; Held by one family for more than 40 years
