Mixed-Use Building with
For Sale
Contact for pricing
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.
Property Size5,000 SF
Price / SF$340
Days on Market154
Property Features for 51-53 West Montauk Highway
General Information
Standard status
Active
Size
5,000 SF
Class
C
Property subtype
Retail
Zoning
VB
Investment Type
Owner/User
Additional Details
Business Included
Yes
Multifamily Units
5
Building Details
Year Built
1965
Stories
2
Tenancy
Multi
Listing Agency:
Century 21 AA Realty
Listed By:
Jason Kontakis · License #10301221180
(631) 375-1180
Source:
Crexi
Added: Jun 5
Changed: Nov 3
Last Checked: Nov 4 at 12:06PM
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
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Investment Insights
Based on property information with market context.
This mixed-use building offers two commercial storefronts on the first floor and five apartments on the second floor, totaling seven units. The property is set up to support both tenant income and flexible ownership, since an owner can potentially occupy one of the storefront spaces while collecting residential income from the upstairs units.
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.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,755
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,955,100
$2.0M
Cap Rate 7%
$1,396,500
$1.4M
Cap Rate 9%
$1,086,167
$1.1M
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$150.0K $30.00/SF
− Vacancy
−$10.4K −$2.07/SF
EGI
$139.7K $27.93/SF
− OpEx
−$41.9K −$8.38/SF
NOI
$97.8K $19.55/SF
Area
Suffolk County, NY
Vacancy
6.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,955,100
Cap Rate 7%
$1,396,500
Cap Rate 9%
$1,086,167
Alternative Uses
Best Use
Retail
$1.40M
$1.22M – $1.63M
NOI $97,755 @ 7.0% cap · market cap 5.75%
Second Best
Mixed Use
$1.27M
$1.11M – $1.48M
NOI $89,010 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,626 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
779
Businesses Nearby
Explore this area
Business Placement
Demographics for 11757, NY
45,157
Population
15,212
Households
3
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
6.8 sq mi
ZIP Area
6,641
Density / Sq Mi
$128,081
Median Household Income
$56,059
Median Earnings
$2,091
Median Rent
$479,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two first-floor storefronts and five upstairs apartments create a compact, live/work income setup in one property.
Where is this mixed-use property located?
The property is located at 51-53 West Montauk Highway Lindenhurst, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 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.
