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    Freestanding Restaurant/Bar Building Title is generated by Realmo AI

    4257 Austin Boulevard, Island Park, NY 11558

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    For Sale
    $825,000

    Freestanding restaurant/bar with high ceilings, parking, and strong street exposure on a busy commercial corridor.

    Type:Commercial
    Property size:
    2,200 SF
    Price / SF:
    $375/SF
    Added:
    Sep 4, 2025
    Days on Market:
    275
    Last Refresh:
    Jun 4 at 1:57 am

    Property Features for 4257 Austin Boulevard

    General Information

    Standard status
    Active
    Size
    2,200 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1976

    We can help!

    Listing Contact
    RICHARD MATT SHANE

    Listing agent RICHARD MATT SHANE License #10301216230

    Listing office ALL ISLAND ESTATES REALTY CORP

    Listing date Sep 4, 2025

    Source Corcoran

    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 CORP

    HighLights

    • Freestanding restaurant/bar built in 1976 with 2,200+ SF on an 8,000+ SF lot
    • 81' frontage on Austin Blvd with daily traffic count of 40,200+ vehicles per day
    • High 9' ceilings plus 40 indoor seats and 40 outdoor seats; 6 bar seats
    • 20 parking spaces in a private parking lot, with a strategically placed curb cut
    • 200 Amp power, sprinklers, CAC, and all‑new LED lighting
    • Lease available annually for $84k NNN; restaurant income listed as $84,000/year with annual expenses including taxes of $23,535.15

    Overview

    This freestanding restaurant/bar offers a turnkey operating layout with high 9' ceilings and a mix of bar and dining seating, including 6 seats at the bar, 40 indoor seats, and 40 outdoor seats. The building includes sprinklers, CAC, an approximately 200 amp power supply, and all new LED lighting. On-site parking is provided through a private parking lot with 20 spaces, with a strategically placed curb cut for convenient access.

    The property has 81' of frontage on Busy Austin Blvd., with a daily traffic count of 40,200+ vehicles per day (per provided remarks). It is positioned in Island Park’s commercial area among established retailers and service users, including Costco, Stop & Shop, Public Storage, Costello’s Ace Hardware, King Kullen, Dunkin’, Wendy’s, McDonald’s, and Trader Joe’s.

    Zoned Restaurant (484.14), the site is suited for operators seeking a ready-to-run food and beverage concept, with signage and visibility intended to support ongoing street-facing trade. For buyers and developers, the offering is also positioned as a potential redevelopment opportunity given the freestanding configuration, frontage, and access. The provided remarks also indicate the property has been home to a successful business for 50+ years and that the restaurant is available (income and pro forma figures were provided with the listing).
    Location Intelligence

    Current Use by Public Records

    Arties South Shore ... Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Island Park
    County
    Nassau
    State
    New York
    Longitude
    -73.650117
    Latitude
    40.604248

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    FAQs

    What type of property is this?
    Conventional restaurant - Freestanding restaurant/bar with high ceilings, parking, and strong street exposure on a busy commercial corridor.
    Where is this conventional restaurant located?
    The property is located at 4257 Austin Boulevard Island Park, NY.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: Freestanding restaurant/bar built in 1976 with 2,200+ SF on an 8,000+ SF lot; 81' frontage on Austin Blvd with daily traffic count of 40,200+ vehicles per day; High 9' ceilings plus 40 indoor seats and 40 outdoor seats; 6 bar seats
    (516) 783-5600
    We can help!
    Listing Contact
    RICHARD MATT SHANE
    Real Estate License ID: 10301216230
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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