51-53 West Montauk Highway, Lindenhurst, NY 11757
Two first-floor storefronts and five upstairs apartments create a compact, live/work income setup in one property.
- Added:
- Jun 5, 2026
- Days on Market:
- 18
- Last Refresh:
- Jun 20 at 3:31 am
Property Features for 51-53 West Montauk Highway
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1965
Listing agent Jason Kontakis License #10301221180
Listing office Century 21 AA Realty (631) 226-5995
Listing date Jun 5, 2026
Source Crexi
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 Century 21 AA Realty
HighLights
- Mixed‑use property built in 1965 with 2 commercial storefronts on the first floor.
- Includes 5 upstairs apartments, for 7 total units in one property.
- Owner‑occupant option: occupy one storefront while collecting income from the other units.
Overview
The asset is located at 51-53 West Montauk Highway in Lindenhurst, NY 11757. With commercial frontage at street level and apartment units above, the configuration is straightforward for operators looking for a single-building arrangement that combines retail and residential tenancy.
For buyers and owner-occupants, the layout provides two separate income sources within the same property structure: ground-floor storefront revenue and upstairs apartment revenue. This design can appeal to investors seeking a small-multi plus commercial mix, as well as businesses that want a dedicated first-floor location with residential units on-site to diversify occupancy across unit types. The total of seven units also supports a practical scale for managing a compact mixed-use portfolio.
Local Financial Insights For 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 | $150.0k | $30.00 |
| − Vacancy | −$10.4k | −$2.07 |
| EGI | $139.7k | $27.93 |
| − OpEx | −$41.9k | −$8.38 |
| NOI | $97.8k | $19.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lindenhurst
- County
- Suffolk
- State
- New York
- Longitude
- -73.362947
- Latitude
- 40.678612
