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    FOR LEASE
    High-rise multifamily apartments

    199 2Nd St, Mineola, NY 11501

    42,027 SF 1.51 ac lot Built 2017
    Entity Owned 13-yr Hold ~ Est. High Equity
    Property ID
    US63-4976035
    Property summary
    AI-generated overview

    This exceptional new development at 199 2nd Street in Mineola, Nassau County, NY, offers a unique opportunity for retail and restaurant businesses. The property boasts a total of 5,273 square feet of vacant space, perfect for multiple tenants. Flexible layouts allow for units ranging from a minimum of 852 square feet to a maximum contiguous space of 4,421 square feet, catering to a variety of business needs and sizes. The building's mixed-use zoning permits a range of uses, including fitness centers, making it an ideal location for a diverse tenant mix. Located in the vibrant town of Mineola, this street-level retail space benefits from high visibility and excellent foot traffic. The property is situated at 199 2nd Street, Mineola, NY 11501, offering convenient access to major transportation routes and a thriving local community. This is a rare chance to secure space in a brand-new, strategically located building with significant potential for growth and success. The property is currently entirely vacant, presenting a blank canvas for prospective tenants to create their ideal business space. Contact us today to learn more about leasing opportunities and customize your perfect space within this exciting new development.

    Property profile
    Verified
    Property type High-rise multifamily apartments
    Use group HIGH-RISE APARTMENTS
    Year built 2017
    Total area 42,027 SF
    Lot 1.51 ac (65,906 SF)
    APN 09-423-00-0004
    UPID US63-4976035
    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
    • Morgan Parc Apartment Complex
    • Starbucks Cafe & Coffee Shop
    • ChargePoint Charging Station Electric Vehicle Charging Station
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $11.54M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $13.81M
    Owner & transaction history
    Mineola Metro LLC · 13 yrs held
    Mineola Metro LLC
    since 2012
    6 recorded transactions
    2020
    2012
    $4.3M
    2007
    $4.7M
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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