Mixed-Use Property with
For Sale
$859,900
85 Hillside Avenue, Williston Park, NY 11596
A ground-floor commercial suite sits below a one-bedroom residence, with on-site parking for up to three vehicles.
Property Size4,554 SF
Price / SF$188.82
Days on Market172
Property Features for 85 Hillside Avenue
General Information
Standard status
Active
Size
4,554 SF
Total Parking Spaces
2
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
Property does require some TLC
Space & Availability
Floor
1
Condition
Needs Renovation
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Office Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$16,682
Building Details
Building Size
4,554 SF
Year Built
1926
Buildings
1
Stories
2
Listing Agency:
BERKSHIRE HATHAWAY
(516) 741-3070
Listed By:
John Canino E-PRO SRS
(516) 204-2478
Source:
Croninreale
Added: May 6
Changed: Oct 23
Last Checked: Oct 23 at 4:39PM
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 BERKSHIRE HATHAWAY
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Investment Insights
Based on property information with market context.
At 85 Hillside Avenue, the property combines approximately 1,500 square feet of first-floor commercial space with a one-bedroom apartment on the second floor. The commercial area was previously configured as a dental office. The property has two bathrooms and requires some work.
The site is in a local business/commercial zoning district that allows mixed-use development with retail or office space and a residence above. The East Williston LIRR station, local shops, and major roadways are nearby.
On-site parking accommodates up to three vehicles. Built in 1926, the property offers a ground-floor commercial component and an upper-level apartment in one building.
The site is in a local business/commercial zoning district that allows mixed-use development with retail or office space and a residence above. The East Williston LIRR station, local shops, and major roadways are nearby.
On-site parking accommodates up to three vehicles. Built in 1926, the property offers a ground-floor commercial component and an upper-level apartment in one building.
Key Highlights
- Approximately 1,500 square feet of first‑floor commercial space
- Second‑floor one‑bedroom apartment
- Local business/commercial zoning allows retail or office space with residential above
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,308
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,566,160
$1.6M
Cap Rate 7%
$1,118,686
$1.1M
Cap Rate 9%
$870,089
$870.1K
Market Conditions
NOI Build-Up for 4,554 SF
Gross rent
$127.3K $27.96/SF
− Vacancy
−$22.9K −$5.03/SF
EGI
$104.4K $22.93/SF
− OpEx
−$26.1K −$5.73/SF
NOI
$78.3K $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 Rate 5%
$1,566,160
Cap Rate 7%
$1,118,686
Cap Rate 9%
$870,089
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.02M – $1.35M
NOI $81,232 @ 7.0% cap · market cap 9.45%
Second Best
Healthcare Medical
$1.14M
$998.7K – $1.33M
NOI $79,894 @ 7.0% cap · market cap 9.29%
Theoretical Best
Specialty Retail
$3.01M
$2.63M – $3.51M
NOI $210,771 @ 7.0% cap · market cap 24.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,503
Businesses Nearby
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Business Placement
Demographics for 11596, NY
10,849
Population
3,450
Households
3.1
Avg Household Size
44
Median Age
56%
College-Educated
95%
High-School Grad
1.3 sq mi
ZIP Area
8,345
Density / Sq Mi
$162,026
Median Household Income
$78,858
Median Earnings
$2,102
Median Rent
$801,500
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor commercial suite sits below a one-bedroom residence, with on-site parking for up to three vehicles.
Where is this mixed-use property located?
The property is located at 85 Hillside Avenue Williston Park, NY.
What is the asking price?
The asking price for this property is $859,900.
What are key features of this property?
This property features: Approximately 1,500 square feet of first‑floor commercial space; Second‑floor one‑bedroom apartment; Local business/commercial zoning allows retail or office space with residential above
