Mixed-Use Building in
311 Woods Ave Oceanside, NY 11572
311 Woods Ave, Oceanside, NY, 11572
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For Sale
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Fully leased mixed-use building with strong income and value-add potential.
Property Size8,374 SF
Price / SF$202.89
Days on Market700
Property Features for 311 Woods Ave
General Information
- Standard status
- Active
- Size
- 8,374 SF
- Property subtype
- Office
Building Details
- Year Built
- 1920
Listing Agency
Schacker Realty
Listed by
Matthew Balzano · License #NY 10401291843
Source
Crexi
Added: Aug 20, 2024 Updated: Jul 10 at 11:24 am Checked: Jul 20 at 2:55 am
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 Schacker Realty
Investment Insights
Based on property information with market context.
This is a mixed-use building located in Oceanside. The property is fully leased and features three residential units and two commercial spaces. The building generates diversified income and has a net operating income of $137,817. The property offers value-add potential through rent increases or upgrades. The property size is 8374 square feet. It is suitable for investors seeking stable cash flow and upside in a high-demand location.
Key Highlights
- Fully leased mixed‑use building in prime Oceanside location.
- High‑performing with an 8% cap rate and NOI of $137,817.
- Strong diversified income from 3 residential units and 2 commercial spaces.
Local Financial Insights For Apartment 5plus
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 | $284.4k | $33.96 |
| − Vacancy | −$12.8k | −$1.53 |
| EGI | $271.6k | $32.43 |
| − OpEx | −$122.2k | −$14.59 |
| NOI | $149.4k | $17.84 |
8,374 SF · lease $33.96/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.13M
$1.87M – $2.49M
NOI $149,371 @ 7.0% cap · market cap 8.79%
Second Best
Office B
$2.06M
$1.80M – $2.40M
NOI $143,994 @ 7.0% cap · market cap 8.48%
Theoretical Best
Specialty Retail
$5.54M
$4.84M – $6.46M
NOI $387,570 @ 7.0% cap · market cap 22.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
DDC Technologies Inc
Industrial Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Fully leased mixed-use building with strong income and value-add potential.
Where is this mixed-use property located?
The property is located at 311 Woods Ave Oceanside, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Fully leased mixed‑use building in prime Oceanside location.; High‑performing with an **8% cap rate** and **NOI of $137,817**.; Strong diversified income from 3 residential units and 2 commercial spaces.
