Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    19 Suffolk St Freeport, NY 11520

    Sponsored
    For Sale
    $1,400,000

    Prime Freeport location, 2 units, 20 parking spaces.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional mixed-use property, located at 19 Suffolk St in Freeport, NY 11520, presents a unique investment opportunity. Built in 2013 and completely rebuilt after Hurricane Sandy, this three-story building offers 2 units totaling approximately [Size not provided, cannot be included] square feet. The property is zoned marine industrial, making it ideal for a variety of businesses. The ground floor boasts an expansive unfinished storage space, perfect for marine-related activities such as boat sales, display, storage, repair, and maintenance. Additionally, there are 20 parking spaces available on the first floor, providing ample parking for customers and employees. A residential rental unit is also located on the first floor, adding to the property's income potential. The building's prime location, a short distance from Freeport's nautical mile, ensures high visibility and accessibility. The upper floors offer office space, suitable for administrative functions or related businesses. The property's versatility allows for a range of uses, including the sale of fish, a restaurant, bar, grill, or other retail and service businesses. This is a rare opportunity to acquire a well-maintained, recently rebuilt commercial property in a highly desirable location. The property is situated in Nassau County, New York, with easy access to major transportation routes. The asking price is $1,400,000.

    Property Features for 19 Suffolk St

    General Information

    Property type
    Mixed-use properties

    Building Details

    Year Built
    2013
    Buildings
    1
    Stories
    3
    Units
    2

    We can help!

    Listing Contact
    Erik Mahler

    Learn more

    Property Insight Report

    HighLights

    • $1,400,000 asking price.
    • Mixed‑use property with marine and office components.
    • Two units in a single, three‑story building.
    • Constructed in 2013.
    • Located at 19 Suffolk St, Freeport, NY 11520, in Nassau County.
    • Prime commercial location near Freeport's nautical mile, zoned marine industrial.
    Property Profile Location Intelligence

    Current Use by Public Records

    * Indicates required fields Contractor Ben's General Contracting ... General Contractor Ben's General Contracting ... General Contractor REDLINE SERVICE CORPORATION Towing Service Triton Materials Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Nassau
    State
    New York
    Longitude
    -73.5825801
    Latitude
    40.6327254

    Nearby Similar for Sale

    • $2,499,000
      7,014 SF

      Freeport Commercial Package For Sale

      Four-lot commercial package with established businesses and parking.
      365 Atlantic Ave, Freeport, NY 11520
      View Details
    • $999,999
      2,161 SF

      Freeport Multi-Family Home with Water Views

      Well-maintained Freeport home near Nautical Mile with water access.
      28 Florence Ave, Freeport, NY 11520
      View Details
    • $380,000

      Spacious Top-Floor 3-Bedroom Unit

      Rare 3-bedroom unit with abundant natural light and storage.
      190 W Merrick Rd, Freeport, NY 11520
      View Details
    • $215,000

      Spacious Freeport Co-Op with Balcony

      Move-in ready Freeport co-op near transportation and amenities.
      55 S Bergin Pl, Freeport, NY 11520
      View Details
    • $135,000

      Spacious Studio Co-op Apartment

      Large studio co-op with security features and convenient amenities.
      100 Randall Ave, Freeport, NY 11520
      View Details
    • $439,000
      1,010 SF

      Waterfront Condo in Gated Community

      Two-bedroom condo with waterfront views and community amenities.
      725 Miller Ave, Freeport, NY 11520
      View Details
    • $235,000

      Spacious Freeport Co-op Apartment

      Bright one-bedroom co-op with updated features and amenities.
      194 Smith St, Freeport, NY 11520
      View Details
    • $975,000

      Equipped Dental Office in Freeport

      Fully operational dental office with equipment in a prime location.
      186 Atlantic Ave, Freeport, NY 11520
      View Details
    • $220,000

      Freeport Junior 4 Co-Op

      Junior 4 Co-Op with elegant lobby and amenities.
      194 Smith 1P, Freeport, NY 11520
      View Details
    • $335,000

      Freeport Co-op with Private Terrace

      First-floor, one-bedroom co-op with updated features and amenities.
      210 Westend Ave, Freeport, NY 11520
      View Details
    • $199,000

      Spacious One Bedroom Condo

      Sunny one-bedroom condo with bonus room, community amenities, parking.
      99 Randall 1Q, Freeport, NY 11520
      View Details
    • $280,000

      Freeport Cooperative Near Nautical Mile

      Charming 2-bedroom cooperative near Nautical Mile, Freeport.
      494 S Ocean Ave, Freeport, NY 11520
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Prime Freeport location, 2 units, 20 parking spaces.
    Where is this mixed-use property located?
    The property is located at 19 Suffolk St Freeport, NY.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: $1,400,000 asking price.; Mixed-use property with marine and office components.; Two units in a single, three-story building.
    Request Owner's contact information
    19 Suffolk St Freeport, NY 11520
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    19 Suffolk St
    Freeport, NY 11520
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    19 Suffolk St Freeport, NY 11520
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Erik Mahler
    Real Estate License ID: New York
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.