Mixed-Use Building with Available
For Sale
$2,950,000
38-44 Front Street, Greenport, NY 11944
The property combines existing income with 2,912 square feet ready for immediate occupancy.
Property Size9,041 SF
Price / SF$326.29
Days on Market83
Property Features for 38-44 Front Street
General Information
Standard status
Active
Size
9,041 SF
Class
A
Property subtype
Commercial
Zoning
CR
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$31,231
Building Details
Building Size
9,041 SF
Buildings
1
Stories
2
Units
4
Listing Agency:
Thomas J McCarthy Real Estate
(631) 765-5815
Listed By:
Thomas J. McCarthy C2EX · License #817145
(516) 779-6386
Source:
Croninreale
Added: Aug 3
Changed: Oct 23
Last Checked: Oct 23 at 9:50AM
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 Thomas J McCarthy Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 9,041-square-foot mixed-use building at 38–44 Front Street includes 2,912 square feet available for immediate use, alongside existing income. The property is zoned CR.
Its Greenport village location serves a corridor with pedestrian activity from visitors, boaters, and ferry passengers.
Its Greenport village location serves a corridor with pedestrian activity from visitors, boaters, and ferry passengers.
Key Highlights
- 9,041‑square‑foot mixed‑use building
- 2,912 square feet available for immediate use
- Existing income in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$176,761
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,535,220
$3.5M
Cap Rate 7%
$2,525,157
$2.5M
Cap Rate 9%
$1,964,011
$2.0M
Market Conditions
NOI Build-Up for 9,041 SF
Gross rent
$271.2K $30.00/SF
− Vacancy
−$18.7K −$2.07/SF
EGI
$252.5K $27.93/SF
− OpEx
−$75.8K −$8.38/SF
NOI
$176.8K $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 Rate 5%
$3,535,220
Cap Rate 7%
$2,525,157
Cap Rate 9%
$1,964,011
Alternative Uses
Best Use
Retail
$2.53M
$2.21M – $2.95M
NOI $176,761 @ 7.0% cap · market cap 5.99%
Second Best
Mixed Use
$2.30M
$2.01M – $2.68M
NOI $160,948 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$2.75M
$2.41M – $3.21M
NOI $192,802 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 72%
Shops & Services 28%
IGA Greenport
Groceries
9,299 visits/mo
0.2 miles
Chase Bank
Shops & Services
3,533 visits/mo
0.1 miles
Demographics for 11944, NY
4,801
Population
3,106
Households
1.5
Avg Household Size
48
Median Age
43%
College-Educated
86%
High-School Grad
4.1 sq mi
ZIP Area
1,171
Density / Sq Mi
$79,917
Median Household Income
$51,480
Median Earnings
$2,048
Median Rent
$822,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines existing income with 2,912 square feet ready for immediate occupancy.
Where is this mixed-use property located?
The property is located at 38-44 Front Street Greenport, NY.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 9,041‑square‑foot mixed‑use building; 2,912 square feet available for immediate use; Existing income in place
