Two-Story Mixed-Use
For Sale
$2,999,000
393 Sunrise Highway, Lynbrook, NY 11563
Eight occupied units combine ground-floor retail with second-floor office space, and tenants cover their utility costs.
Property Size9,925 SF
Price / SF$302.17
Days on Market152
Property Features for 393 Sunrise Highway
General Information
Standard status
Active
Size
9,925 SF
Property subtype
Office
Site & Location
Public Transit
Yes
Mixed-Use Components
retail, office
Additional Details
Office Units
5
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$84,000
Building Details
Building Size
9,925 SF
Year Built
1921
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Coldwell Banker Easton Prop
Listed By:
Alejandro Rosario
(631) 586-6700
Source:
Nmgproperties
Added: Jun 3
Changed: Oct 31
Last Checked: Oct 31 at 2:33PM
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 Coldwell Banker Easton Prop
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Investment Insights
Based on property information with market context.
The two-story property contains eight units: three retail spaces on the first floor and five offices above. Tenants pay all utility costs. The building dates to 1921 and has a reported property size of 9,925; the measurement unit is not specified.
Lynbrook LIRR Station and a parking lot are nearby, with municipal parking available.
Lynbrook LIRR Station and a parking lot are nearby, with municipal parking available.
Key Highlights
- Eight units: three retail spaces and five offices
- Three retail tenants occupy the first floor; five offices are on the second floor
- Tenants pay all utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$196,545
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,930,900
$3.9M
Cap Rate 7%
$2,807,786
$2.8M
Cap Rate 9%
$2,183,833
$2.2M
Market Conditions
NOI Build-Up for 9,925 SF
Gross rent
$297.8K $30.00/SF
− Vacancy
−$17.0K −$1.71/SF
EGI
$280.8K $28.29/SF
− OpEx
−$84.2K −$8.49/SF
NOI
$196.5K $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%
$3,930,900
Cap Rate 7%
$2,807,786
Cap Rate 9%
$2,183,833
Alternative Uses
Best Use
Retail
$2.81M
$2.46M – $3.28M
NOI $196,545 @ 7.0% cap · market cap 6.55%
Second Best
Office B
$2.44M
$2.13M – $2.84M
NOI $170,664 @ 7.0% cap · market cap 5.69%
Theoretical Best
Specialty Retail
$6.56M
$5.74M – $7.66M
NOI $459,354 @ 7.0% cap · market cap 15.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,075
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Eight occupied units combine ground-floor retail with second-floor office space, and tenants cover their utility costs.
Where is this mixed-use property located?
The property is located at 393 Sunrise Highway Lynbrook, NY.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Eight units: three retail spaces and five offices; Three retail tenants occupy the first floor; five offices are on the second floor; Tenants pay all utilities
