Retail Strip Center with
437 Port Washington Blvd Port Washington, NY 11050
437 Port Washington Blvd, Port Washington, NY, 11050
Contact for pricing
For Sale
Contact for pricing
Fully occupied retail strip center with four ingress/egress and parking ratio of 3.89 spaces per 1,000 sf.
Property Size24,100 SF
Lot Size1.37 Acres
Price / SF$684.65
Days on Market91
Property Features for 437 Port Washington Blvd
General Information
- Standard status
- Active
- Size
- 24,100 SF
- Lot size
- 1.37 Acres
- Property subtype
- Retail
Listing agency
Marcus & Millichap - Manhattan
(212) 430-5196
Listed by
Michael Tuccillo · License #NY 10401244358
Source
Crexi
Added: Apr 22 Updated: Jul 20 at 6:30PM Checked: Jul 20 at 6:30PM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
Port Washington Town Plaza is a fully occupied retail strip center that includes three buildings: a bank branch, a multi-tenant strip center, and a standalone retail building. The property offers approximately 18,000 square feet of rentable space, supplemented by about 6,100 square feet of basement area, all situated on a 1.37-acre parcel.
The center is positioned for strong daily exposure along Port Washington Boulevard, which carries over 32,000 vehicles per day. Port Washington Town Plaza provides four points of ingress and egress and includes parking calculated at a 3.89 spaces per 1,000 square feet. The surrounding area features established retailers including North Shore Farms, Extra Space Storage, USPS, and Orangetheory Fitness, and the site is also proximate to the Port Washington LIRR station and multiple area schools. Demographic data provided indicates more than 203,000 residents within a five-mile radius and average household incomes exceeding $182,000.
The center is positioned for strong daily exposure along Port Washington Boulevard, which carries over 32,000 vehicles per day. Port Washington Town Plaza provides four points of ingress and egress and includes parking calculated at a 3.89 spaces per 1,000 square feet. The surrounding area features established retailers including North Shore Farms, Extra Space Storage, USPS, and Orangetheory Fitness, and the site is also proximate to the Port Washington LIRR station and multiple area schools. Demographic data provided indicates more than 203,000 residents within a five-mile radius and average household incomes exceeding $182,000.
Key Highlights
- Port Washington Town Plaza is a fully occupied retail strip center totaling ~18,000 SF rentable space plus ~6,100 SF basement area
- Multi‑building retail asset with three buildings: a bank branch, a multi‑tenant strip center, and a standalone retail building
- Four points of ingress/egress and a 3.89 parking spaces per 1,000 SF parking ratio
Local Financial Insights For Specialty 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 | $1.59M | $66.00 |
| − Vacancy | −$103.4k | −$4.29 |
| EGI | $1.49M | $61.71 |
| − OpEx | −$371.8k | −$15.43 |
| NOI | $1.12M | $46.28 |
24,100 SF · lease $66.00/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$15.93M
$13.94M – $18.59M
NOI $1,115,408 @ 7.0% cap · market cap 6.76%
Second Best
Retail
$6.82M
$5.97M – $7.95M
NOI $477,252 @ 7.0% cap · market cap 2.89%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Port Washington Town ...
Shopping Center & Mall
Peachy Pilates
Gym & Fitness Center
Similar For Sale Nearby
Similar Off Market Nearby
- Port Washington Town Plaza — 437 Port Washington Blvd, Port Washington, NY 11050
- Port Plaza — Haven Ave, Port Washington, NY 11050
FAQs
What type of property is this?
Shopping center - Fully occupied retail strip center with four ingress/egress and parking ratio of 3.89 spaces per 1,000 sf.
Where is this shopping center located?
The property is located at 437 Port Washington Blvd Port Washington, NY.
What is the asking price?
The asking price for this property is $16,500,000.
What are key features of this property?
This property features: Port Washington Town Plaza is a fully occupied retail strip center totaling ~18,000 SF rentable space plus ~6,100 SF basement area; Multi‑building retail asset with three buildings: a bank branch, a multi‑tenant strip center, and a standalone retail building; Four points of ingress/egress and a 3.89 parking spaces per 1,000 SF parking ratio
