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Property profile & analytics
OFF-MARKET Estimated value $805,000
Office buildings

19 Suffolk St Freeport, NY 11520-6331

1,100 SF 0.26 ac lot Built 1960
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US63-4054676
Property summary
AI-generated overview

This exceptional commercial property, located at 19 Suffolk Street in Freeport, NY, presents a unique investment opportunity. Situated a short distance from the renowned nautical mile, this property boasts a prime location zoned for marine industrial use. The existing structure, completely rebuilt ten years ago following Hurricane Sandy, offers a versatile space ideal for a variety of businesses. The building includes a substantial first-floor storage area, currently unfinished, providing ample space for inventory, equipment, or materials. The property also features twenty parking spaces, a significant asset for any commercial enterprise. Adding to its appeal is an included residential rental unit, generating potential supplemental income. The building's zoning allows for a wide range of uses, including the sale, display, storage, repair, and maintenance of boats, as well as the operation of a fish market, restaurant, bar, grill, or various retail and service businesses. The office space comprises 50% of the building's total area, and the property is currently fully occupied. This property offers a blend of established infrastructure and significant potential for growth, making it an attractive investment in a thriving waterfront community. The property's recent reconstruction ensures modern building standards and long-term durability. With its strategic location and diverse usage possibilities, this property is poised for continued success.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,100 SF
Lot 0.26 ac (11,500 SF)
APN 62-176-00-0325
UPID US63-4054676
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • * Indicates required fields General Contractor
  • Ben's General Contracting Corporation Construction Company General Contractor
  • Ben's General Contracting Corp Construction Company General Contractor
  • REDLINE SERVICE CORPORATION Auto Repair Shop
  • Triton Materials General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$805k
Owner & transaction history
Bgc Properties INC · 13 yrs held
Bgc Properties INC
since 2013
7 recorded transactions
2017
Price N/A
2013
$350,000
2006
Price N/A
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $965,000 +24.3%
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