Mixed-Use Industrial Office
4435 Austin Boulevard Island Park, NY 11558
4435 Austin Boulevard, Island Park, NY, 11558
$1,950,000
Pending
For Sale
$1,950,000
Pending
Freestanding 4-unit mixed-use building with office space, warehouse space, two apartments, and private gated parking.
Property Size7,700 SF
Lot Size0.43 Acres
Days on Market322
Property Features for 4435 Austin Boulevard
General Information
- Standard status
- Pending
- Size
- 7,700 SF
- Lot size
- 0.43 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1947
Listing agency
ALL ISLAND ESTATES REALTY CORP
(516) 783-5600
Listed by
RICHARD MATT SHANE · License #10301216230
Source
Corcoran
Added: Sep 4, 2025 Updated: Jul 21 at 10:33PM Checked: Jul 21 at 10:33PM
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 ALL ISLAND ESTATES REALTY CORP
Investment Insights
Based on property information with market context.
This freestanding mixed-use property includes office space, warehouse space, and two apartments within a 4-unit configuration. The office building is noted as zoned for office use and features a conference room and private offices, while the warehouse portion is supported by 3-phase power. Additional improvements cited in the listing include new LED lighting and air conditioning.
The property sits on an 18,875-square-foot lot with frontage on Austin Boulevard and Broadway, and the listing states 205 feet of frontage on Austin Boulevard and 204 feet of frontage on Broadway. Parking is available in a private gated lot with 32 spaces, with curb cuts and accessible parking noted. The remark also references 14-foot ceilings and a location near the Long Beach Bridge, with daily traffic counts stated for Austin Boulevard.
Current income figures provided in the remarks include annual rent for two 1-bedroom apartments and a combined office/warehouse lease expressed on an NNN basis, with a lease expiration date of 6/15/26. The listing includes stated annual operating expenses and an NOI figure.
The property sits on an 18,875-square-foot lot with frontage on Austin Boulevard and Broadway, and the listing states 205 feet of frontage on Austin Boulevard and 204 feet of frontage on Broadway. Parking is available in a private gated lot with 32 spaces, with curb cuts and accessible parking noted. The remark also references 14-foot ceilings and a location near the Long Beach Bridge, with daily traffic counts stated for Austin Boulevard.
Current income figures provided in the remarks include annual rent for two 1-bedroom apartments and a combined office/warehouse lease expressed on an NNN basis, with a lease expiration date of 6/15/26. The listing includes stated annual operating expenses and an NOI figure.
Key Highlights
- 4‑unit free‑standing building on an 18,875 SF lot with 7,700+ SF total building area
- Mixed‑use setup with 4,500 SF office plus 800 SF warehouse and two 1BR apartments
- 205' frontage on Austin Blvd and 204' frontage on Broadway
Local Financial Insights For Multifamily LT 5
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 | $221.8k | $28.80 |
| − Vacancy | −$12.2k | −$1.58 |
| EGI | $209.6k | $27.22 |
| − OpEx | −$62.9k | −$8.16 |
| NOI | $146.7k | $19.05 |
7,700 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.10M
$1.83M – $2.44M
NOI $146,694 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$1.96M
$1.72M – $2.29M
NOI $137,349 @ 7.0% cap · market cap 7.04%
Theoretical Best
Specialty Retail
$5.09M
$4.45M – $5.94M
NOI $356,375 @ 7.0% cap · market cap 18.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
R & J Construction ...
Hardware & Home Improvement
R & J Drywall ...
Construction Company
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FAQs
What type of property is this?
Mixed-use property - Freestanding 4-unit mixed-use building with office space, warehouse space, two apartments, and private gated parking.
Where is this mixed-use property located?
The property is located at 4435 Austin Boulevard Island Park, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 4‑unit free‑standing building on an 18,875 SF lot with 7,700+ SF total building area; Mixed‑use setup with 4,500 SF office plus 800 SF warehouse and two 1BR apartments; 205' frontage on Austin Blvd and 204' frontage on Broadway
