Second-Generation Restaurant
For Sale
Contact for pricing
85 Carleton Ave, Islip Terrace, NY 11752
For sale restaurant and deli property with equipment included, plus potential additional income from a studio apartment and garage.
Property Size3,000 SF
Price / SF$325
Days on Market18
Property Features for 85 Carleton Ave
General Information
Standard status
Active
Size
3,000 SF
Property subtype
RETAIL
Listing Agency:
Island Associates Real Estate, Inc.
(631) 982-2100
Listed By:
Robert Monahan
Source:
Moodyscre
Added: Jul 13
Changed: Jul 22
Last Checked: Jul 22 at 6:19PM
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 Island Associates Real Estate, Inc.
Investment Insights
Based on property information with market context.
This property is a second-generation restaurant/deli offering with equipment included for sale. The asset is presented as a commercial kitchen and restaurant use, with existing operational improvements tied to that food service concept.
In addition to the restaurant/deli component, the listing notes potential additional income from an on-site studio apartment and a garage. The property is offered for sale at 85 Carleton Ave, Islip Terrace, NY 11752.
In addition to the restaurant/deli component, the listing notes potential additional income from an on-site studio apartment and a garage. The property is offered for sale at 85 Carleton Ave, Islip Terrace, NY 11752.
Key Highlights
- 2nd generation restaurant/deli property for sale
- Includes equipment for the restaurant/deli
- Potential additional income from a studio apartment
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.1k | $26.04 |
| − Vacancy | −$5.4k | −$1.80 |
| EGI | $72.7k | $24.24 |
| − OpEx | −$18.2k | −$6.06 |
| NOI | $54.5k | $18.18 |
3,000 SF · lease $26.04/SF/yr · vacancy 6.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$779.2K
$681.8K – $909.1K
NOI $54,547 @ 7.0% cap · market cap 5.59%
Second Best
Industrial
$608.5K
$532.4K – $709.9K
NOI $42,593 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$913.9K
$799.7K – $1.07M
NOI $63,976 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
15k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
11,044 visits/mo
0.2 miles
BP
Shops & Services
4,253 visits/mo
0.5 miles
Demographics for 11752, NY
9,758
Population
3,180
Households
3.1
Avg Household Size
42
Median Age
32%
College-Educated
94%
High-School Grad
4.0 sq mi
ZIP Area
2,440
Density / Sq Mi
$148,538
Median Household Income
$58,972
Median Earnings
$2,512
Median Rent
$482,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - For sale restaurant and deli property with equipment included, plus potential additional income from a studio apartment and garage.
Where is this conventional restaurant located?
The property is located at 85 Carleton Ave Islip Terrace, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 2nd generation restaurant/deli property for sale; Includes equipment for the restaurant/deli; Potential additional income from a studio apartment
