47-49 Atlantic Avenue Lynbrook, NY 11580

Listing agency RIPCO Real Estate New York

Listed by Kevin Louie · License #NY 10401272716

Source Crexi

Added: Apr 11 Updated: Jul 20 at 7:30PM Checked: Jul 20 at 7:30PM

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Investment Insights

Based on property information with market context.

Cushman & Wakefield has been exclusively retained to sell a two-unit, fully-leased, single-story retail building at 47-49 Atlantic Avenue in Lynbrook. The property is occupied by long-term tenants Old Country Jerky and Halal Boyz. Old Country Jerky has invested in renovations and equipment and is in the process of obtaining approvals for commercial wholesale distribution. Halal Boyz has a new 10-year lease with a five-year extension.

Both tenants pay their own utilities and are responsible for maintenance of their respective spaces, while ownership is responsible for real estate taxes, insurance, and the roof and structure. Recent improvements include replacement/renovation of the roof, HVAC units, windows, and stucco.

47-49 Atlantic Avenue is located just off Sunrise Highway and steps from the Lynbrook-LIRR Station. A new 1,600-seat movie theater opened less than one block away, and approvals for an 80-unit condominium are located two blocks away. Property inspections are arranged by appointment only and tenants should not be disturbed.

Key Highlights

• Fully leased two‑unit single‑story retail building at 47‑49 Atlantic Avenue, Lynbrook
• Long‑term tenants: Old Country Jerky and Halal Boyz
• Halal Boyz has a brand new 10‑year lease with a 5‑year extension

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FAQs

What type of property is this?

Retail space - Fully leased, two-unit single-story retail building with updated roof, HVAC, windows, and stucco.

Where is this retail space located?

The property is located at 47-49 Atlantic Avenue Lynbrook, NY.

What are key features of this property?

This property features: Fully leased two‑unit single‑story retail building at 47‑49 Atlantic Avenue, Lynbrook; Long‑term tenants: Old Country Jerky and Halal Boyz; Halal Boyz has a brand new 10‑year lease with a 5‑year extension