Mixed-Use Building with Auto
New
For Sale
Contact for pricing
400 Lake Ave, Saint James, NY 11780
Ground-floor auto body shop and beauty supply space with office areas, plus two updated one-bedroom apartments upstairs.
Property Size4,500 SF
Price / SF$310.89
Days on Market7
Property Features for 400 Lake Ave
General Information
Standard status
Active
Size
4,500 SF
Property subtype
RETAIL
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Century 21 - AA Realty | Seaford
(516) 547-5251
Listed By:
Maria Miro · License #10401347268
(516) 547-5251
Source:
Moodyscre
Added: Jul 24
Changed: Jul 29
Last Checked: Jul 30 at 2:36PM
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 Century 21 - AA Realty | Seaford
Investment Insights
Based on property information with market context.
This mixed-use building includes approximately 4,500 square feet of ground-floor commercial space featuring an existing auto body shop and a beauty supply store. The layout includes multiple working areas and office space for the commercial tenants.
The second floor has two updated one-bedroom apartments with lots of sunlight, totaling approximately 1,630 +/- square feet of residential space. Additional parking is provided, including room for the auto body portion of the building.
The property is offered for sale and is configured to support both automotive-related operations and income-producing residential units within the same structure.
The second floor has two updated one-bedroom apartments with lots of sunlight, totaling approximately 1,630 +/- square feet of residential space. Additional parking is provided, including room for the auto body portion of the building.
The property is offered for sale and is configured to support both automotive-related operations and income-producing residential units within the same structure.
Key Highlights
- Mixed‑use building with 4,500 SF commercial space on the ground floor
- Ground floor includes an existing auto body shop and beauty supply store with multiple working areas and office space
- Second floor has two updated one‑bedroom apartments with approximately 1,630 +/- SF of residential space
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.0k | $30.00 |
| − Vacancy | −$9.3k | −$2.07 |
| EGI | $125.7k | $27.93 |
| − OpEx | −$37.7k | −$8.38 |
| NOI | $88.0k | $19.55 |
4,500 SF · lease $30.00/SF/yr · vacancy 6.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.26M
$1.10M – $1.47M
NOI $87,980 @ 7.0% cap · market cap 6.29%
Second Best
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $86,896 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,964 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 11780, NY
15,508
Population
5,907
Households
2.6
Avg Household Size
48
Median Age
52%
College-Educated
96%
High-School Grad
11.5 sq mi
ZIP Area
1,349
Density / Sq Mi
$141,576
Median Household Income
$72,287
Median Earnings
$2,322
Median Rent
$702,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Dowling Brothers Auto Body Inc — 400 Lake Ave, St James, NY 11780
- Sal's Service Station Inc — 263 Woodlawn Ave, St James, NY 11780
- Yuvraj Automotive inc — 386 Lake Ave, St James, NY 11780
- Beazley Mobile Windshield Repair & Replacement LLC — 229 4th st, st james, ny 11780
- K D S Automotive Services Inc. — 255 Lake Ave, St James, NY 11780
Frequently Asked Questions
What type of property is this?
Auto shop - Ground-floor auto body shop and beauty supply space with office areas, plus two updated one-bedroom apartments upstairs.
Where is this auto shop located?
The property is located at 400 Lake Ave Saint James, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Mixed‑use building with 4,500 SF commercial space on the ground floor; Ground floor includes an existing auto body shop and beauty supply store with multiple working areas and office space; Second floor has two updated one‑bedroom apartments with approximately 1,630 +/- SF of residential space
