Mixed-Use Property with Covered
New
For Sale
$2,800,000
48 Front St, Greenport, NY 11944
A second-floor covered terrace adds outdoor space to this village property near Greenport’s waterfront.
Property Size4,935 SF
Days on Market2
Property Features for 48 Front St
General Information
Standard status
Active
Size
4,935 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$20,000
Amenities
second-floor covered terrace
Building Details
Building Size
4,935 SF
Year Built
2003
Listing Agency:
Sag Harbor
Listed By:
Alsou Saunders · License #10401397204
(631) 725-0200
Source:
Elliman
Added: Nov 1
Last Checked: Nov 1 at 4:04PM
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 Sag Harbor
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Investment Insights
Based on property information with market context.
Built in 2003, this mixed-use property includes a covered terrace on the second floor and street frontage at 48 Front St in Greenport. Potential commercial uses are subject to applicable approvals.
The property is near Greenport’s waterfront and within a village setting that includes shops, restaurants, and year-round attractions. Its location is in Greenport, NY 11944.
The property is near Greenport’s waterfront and within a village setting that includes shops, restaurants, and year-round attractions. Its location is in Greenport, NY 11944.
Key Highlights
- Covered terrace on the second floor
- Built in 2003
- Located at 48 Front St, Greenport, NY 11944
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,730
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,794,600
$1.8M
Cap Rate 7%
$1,281,857
$1.3M
Cap Rate 9%
$997,000
$997.0K
Market Conditions
NOI Build-Up for 4,935 SF
Gross rent
$128.5K $26.04/SF
− Vacancy
−$8.9K −$1.80/SF
EGI
$119.6K $24.24/SF
− OpEx
−$29.9K −$6.06/SF
NOI
$89.7K $18.18/SF
Area
Suffolk County, NY
Vacancy
6.90%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,794,600
Cap Rate 7%
$1,281,857
Cap Rate 9%
$997,000
Alternative Uses
Best Use
Specialty Retail
$1.28M
$1.12M – $1.50M
NOI $89,730 @ 7.0% cap · market cap 3.20%
Second Best
Mixed Use
$1.26M
$1.10M – $1.46M
NOI $87,853 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$1.50M
$1.32M – $1.75M
NOI $105,240 @ 7.0% cap · market cap 3.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 72%
Shops & Services 28%
IGA Greenport
Groceries
9,299 visits/mo
0.2 miles
Chase Bank
Shops & Services
3,533 visits/mo
0.1 miles
Demographics for 11944, NY
4,801
Population
3,106
Households
1.5
Avg Household Size
48
Median Age
43%
College-Educated
86%
High-School Grad
4.1 sq mi
ZIP Area
1,171
Density / Sq Mi
$79,917
Median Household Income
$51,480
Median Earnings
$2,048
Median Rent
$822,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A second-floor covered terrace adds outdoor space to this village property near Greenport’s waterfront.
Where is this mixed-use property located?
The property is located at 48 Front St Greenport, NY.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Covered terrace on the second floor; Built in 2003; Located at 48 Front St, Greenport, NY 11944
