Mixed-Use Property with Warehouse
New
For Sale
$899,000
74 W Hoffman Avenue, Lindenhurst, NY 11757
A legal two-family residence is paired with rear warehouse- and office-type space in a residential and commercial zoning context.
Property Size2,191 SF
Price / SF$410.31
Days on Market7
Property Features for 74 W Hoffman Avenue
General Information
Standard status
Active
Size
2,191 SF
Property subtype
Residential Income
Additional Details
Property Use
Warehouse/Office
Taxes and HOA fees
Annual Taxes
$17,657
Amenities
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Building Details
Building Size
2,191 SF
Year Built
1940
Stories
2
Units
3
Listing Agency:
BH&G R E Realty Connect
Listed By:
Viola Schineller
(516) 808-1457
Source:
Georgemcknight
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 2:16PM
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 BH&G R E Realty Connect
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Investment Insights
Based on property information with market context.
This Lindenhurst mixed-use property combines a legal two-family residence with rear warehouse- and office-type space. The first-floor apartment has two bedrooms, a kitchen, living room, dining room, full bath, and unfinished basement. The upper residence includes three bedrooms, an office, kitchen and eating area, living room, and two full baths.
The rear space is described as suitable for warehouse or office use. The property was built in 1940 and is being sold as is.
The rear space is described as suitable for warehouse or office use. The property was built in 1940 and is being sold as is.
Key Highlights
- Legal two‑family residence with separate first- and second‑floor living spaces
- First‑floor unit includes 2 bedrooms and an unfinished basement
- Second‑floor unit has 3 bedrooms, an office, and 2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,309
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$846,180
$846.2K
Cap Rate 7%
$604,414
$604.4K
Cap Rate 9%
$470,100
$470.1K
Market Conditions
NOI Build-Up for 2,191 SF
Gross rent
$64.4K $29.40/SF
− Vacancy
−$4.0K −$1.81/SF
EGI
$60.4K $27.59/SF
− OpEx
−$18.1K −$8.28/SF
NOI
$42.3K $19.31/SF
Area
Suffolk County, NY
Vacancy
6.17%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$846,180
Cap Rate 7%
$604,414
Cap Rate 9%
$470,100
Alternative Uses
Best Use
Multifamily LT 5
$604.4K
$528.9K – $705.2K
NOI $42,309 @ 7.0% cap · market cap 4.71%
Second Best
Mixed Use
$557.2K
$487.6K – $650.1K
NOI $39,004 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$667.5K
$584.1K – $778.7K
NOI $46,724 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,112
Businesses Nearby
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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 Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A legal two-family residence is paired with rear warehouse- and office-type space in a residential and commercial zoning context.
Where is this mixed-use property located?
The property is located at 74 W Hoffman Avenue Lindenhurst, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Legal two‑family residence with separate first- and second‑floor living spaces; First‑floor unit includes 2 bedrooms and an unfinished basement; Second‑floor unit has 3 bedrooms, an office, and 2 full baths
