Building Details

Stories 2

Listing Agency: United Properties Corp. Show Phone

Listed By: Ryan Rodger

Source: Moodyscre

Added: Sep 1, 2023 Changed: Jul 27 Last Checked: Jul 29 at 2:53PM

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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 United Properties Corp.

Investment Insights

Based on property information with market context.

This shopping center includes retail space with second-floor office space. The property is presented for rent and is operating with a current tenant mix described as healthy in the available remarks.

The asset is located at 5505-5507 Nesconset Highway in Mount Sinai, NY. The remarks also note a nearby new 150 Town House development.

Key Highlights

• Large shopping center with second‑floor office space
• Current tenant mix described as healthy
• Nearby new 150 town house development

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Pharmacy Auto Parts Store Garden Center Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$3.20 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

798

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 11766, NY

11,888

Population

4,040

Households

2.9

Avg Household Size

47

Median Age

51%

College-Educated

95%

High-School Grad

6.0 sq mi

ZIP Area

1,981

Density / Sq Mi

$157,564

Median Household Income

$71,715

Median Earnings

$3,183

Median Rent

$632,900

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this shopping centers located? What is the lease rate? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• Three Roads Plaza — NY-112, Port Jefferson Station, NY 11776
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Frequently Asked Questions

What type of property is this?

Shopping center - Large shopping center offering second-floor office space with a current, healthy tenant mix.

Where is this shopping center located?

The property is located at 5505-5507 Nesconset Highway Mount Sinai, NY.

What is the lease rate?

The lease rate is $21.36 SF/Yr.

What are key features of this property?

This property features: Large shopping center with second‑floor office space; Current tenant mix described as healthy; Nearby new 150 town house development