Mixed-Use Property with Shop
New
For Sale
$1,250,000
70 14th Ave, Sea Cliff, NY 11579
Residential and commercial components support owner occupancy, workspace, or additional rental income.
Property Size2,400 SF
Price / SF$542.53
Days on Market1
Property Features for 70 14th Ave
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
3
Property subtype
Commercial
Zoning
shop use
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$14,666
Building Details
Building Size
2,400 SF
Year Built
1900
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Thomas Knoell · License #10401294176
(646) 331-1236
Source:
Elliman
Added: Sep 12
Last Checked: Sep 12 at 3:00PM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This 2,304-square-foot mixed-use property combines an upper-level apartment with flexible shop space on the main floor. The commercial area includes a front office with a bay window, an oversized garage or work area, front parking, and natural light provided by a skylight and vented atrium. The property is legally zoned for shop use, and the apartment may serve as an owner residence or an additional rental unit.
The garage accommodates approximately 3 cars, with potential for a second vehicle entry. The property is close to Sea Cliff Village shops, restaurants, galleries, and community amenities. Walk Score is 71, rated Very Walkable; Bike Score is 27, rated Somewhat Bikeable; Transit Score is 21, rated Minimal Transit.
The garage accommodates approximately 3 cars, with potential for a second vehicle entry. The property is close to Sea Cliff Village shops, restaurants, galleries, and community amenities. Walk Score is 71, rated Very Walkable; Bike Score is 27, rated Somewhat Bikeable; Transit Score is 21, rated Minimal Transit.
Key Highlights
- 2,304‑square‑foot mixed‑use property with an apartment above commercial shop space
- Legally zoned for shop use
- Main level includes a front office, oversized garage/workspace, and front parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,618
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$792,360
$792.4K
Cap Rate 7%
$565,971
$566.0K
Cap Rate 9%
$440,200
$440.2K
Market Conditions
NOI Build-Up for 2,304 SF
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.
Gross rent
$64.4K $27.96/SF
− Vacancy
−$11.6K −$5.03/SF
EGI
$52.8K $22.93/SF
− OpEx
−$13.2K −$5.73/SF
NOI
$39.6K $17.20/SF
Area
Nassau County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$792,360
Cap Rate 7%
$565,971
Cap Rate 9%
$440,200
Alternative Uses
Best Use
Office B
$566.0K
$495.2K – $660.3K
NOI $39,618 @ 7.0% cap · market cap 3.17%
Second Best
Industrial
$471.0K
$412.2K – $549.6K
NOI $32,973 @ 7.0% cap · market cap 2.64%
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.78M
NOI $106,635 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
Explore this area
Business Placement
Demographics for 11579, NY
5,039
Population
1,977
Households
2.5
Avg Household Size
47
Median Age
63%
College-Educated
98%
High-School Grad
1.1 sq mi
ZIP Area
4,581
Density / Sq Mi
$185,650
Median Household Income
$76,981
Median Earnings
$2,268
Median Rent
$926,500
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential and commercial components support owner occupancy, workspace, or additional rental income.
Where is this mixed-use property located?
The property is located at 70 14th Ave Sea Cliff, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 2,304‑square‑foot mixed‑use property with an apartment above commercial shop space; Legally zoned for shop use; Main level includes a front office, oversized garage/workspace, and front parking
