Mixed-Use Property with Shop
New
For Sale
$1,250,000
70 14th Avenue, Sea Cliff, NY 11579
Commercial Sale, Sea Cliff, NY
Property Size2,304 SF
Lot Size0.06 Acres
Price / SF$542.53
Days on Market2
Property Features for 70 14th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Garage, Oversize
Elementary school
Sea Cliff Elementary School
Middle school
North Shore Middle School
High school
North Shore Senior High School
Elementary school district
North Shore
Middle school district
North Shore
High school district
North Shore
Standard status
Active
APN
2423-21-142-00-1080-0
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
14666
Utilities
Sewer type
Cesspool
Heating system
Hot Water(Heating), Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1900
Building materials
Frame
Listing Agency:
Douglas Elliman Real Estate
(516) 621-3555
Listed By:
Thomas Knoell CBR · License #10401294176
(646) 331-1236
Added: Sep 11
Changed: Sep 12
Last Checked: Sep 12 at 6:06PM
MLS# 1049821
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,304-square-foot mixed-use property combines a residential apartment with flexible commercial space on the main level. The commercial portion includes a front office with a bay window, an oversized garage or workspace, front parking, and natural light from a skylight and vented atrium. The property is legally zoned for shop use, while the upper apartment provides an on-site residential component.
The garage currently accommodates approximately 3 cars and may support a second vehicle entry. Built in 1900 with frame construction, the property has forced-air and hot-water heating, natural gas service, public water, and a cesspool. Its configuration supports owner occupancy, commercial operations, or separate use of the apartment and shop areas, subject to applicable requirements.
The garage currently accommodates approximately 3 cars and may support a second vehicle entry. Built in 1900 with frame construction, the property has forced-air and hot-water heating, natural gas service, public water, and a cesspool. Its configuration supports owner occupancy, commercial operations, or separate use of the apartment and shop areas, subject to applicable requirements.
Key Highlights
- 2,304‑square‑foot mixed‑use property with an apartment above commercial space
- Main level includes a front office, oversized garage/workspace, and bay window
- Legally zoned for shop use
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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Current Use
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Two-level configuration pairs an upstairs apartment with legally zoned shop space, garage capacity, and front parking.
Where is this mixed-use property located?
The property is located at 70 14th Avenue 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 space; Main level includes a front office, oversized garage/workspace, and bay window; Legally zoned for shop use
