1817 Deer Park Ave Deer Park, NY 11729-4328
- Showrooms
- 0.09 lot acres
Current Use by Public Records
- LMG Kitchen & Bath / Kitchen Remodeler
- KW Kitchen Designs / Cabinet Store / Countertop Store
Property Details for 1817 Deer Park Ave
- Lot size
- 0.09 lot acres
- Zone code
- E
- Property type
- Showrooms
- APN
- 0100-063.00-02.00-006.000
- APU
- 100063000200006000
Description
This exceptional investment opportunity presents a portfolio of two mixed-use buildings situated at 1817 and 1819 Deer Park Avenue in Deer Park, New York. The portfolio comprises a total of 6,141 square feet across two buildings, each two stories high, and situated on an 8,000 square foot lot. The property features a total of eight units, including retail, office, and multi-family apartments, currently boasting 100% occupancy. The buildings offer a combined 11 parking spaces. The current Net Operating Income (NOI) stands at $113,047, yielding a 6.46% capitalization rate. A pro-forma NOI of $131,827 projects a 7.54% capitalization rate. This stabilized investment benefits from a gross lease structure and features annual rent bumps of 3%. The property is zoned for commercial use and is offered fee simple. The asking price for this portfolio is $1,749,000, translating to a price per square foot of $292.95. This is a rare opportunity to acquire a well-performing, mixed-use portfolio in a desirable location with significant upside potential. The property's strong cash flow, high occupancy rate, and potential for future rent growth make it an attractive investment for both seasoned and new investors. The two buildings are separately addressed and assessed as 0100-063-00-02-00-006-000 and 0100-063-00-02-00-005-000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Deer Park
- County
- Suffolk
- State
- New York
- Longitude
- -73.3275
- Latitude
- 40.7583
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
