Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    279 Hillside Ave Williston Park, NY 11596

    • Retail space
    • 1,240 SF
    • 0.05 lot acres
    For Sale
    View listing
    $595,000
    Last Sale
    Jan 04, 2024
    $550,000
    Value Estimations
    Cap Rate Potential
    4.5%
    Retail space
    Location Intelligence
    Property ID
    US63-5250925
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Le Caire Lounge / Bar & Pub / (Bike/Boat/Book/etc) Store

    Property Details for 279 Hillside Ave

    Year built
    1926
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.05 lot acres
    Property size
    1,240 SF
    Property type
    Retail space
    APN
    09-274-00-0705
    APU
    9274000705

    Description

    This exceptional 1,240 square foot retail property, located at 279 Hillside Ave in Williston Park, NY 11596, presents a unique investment opportunity. Currently operating as a successful nightclub and hookah lounge with a charming outdoor patio, this single-story building offers significant potential for various uses. Completely renovated in 2015, the interior is in gorgeous condition. The property sits on a 2,038 square foot lot and features a full basement. The current tenant has occupied the space for seven years with a lease in place, however, the landlord retains the option to terminate the lease upon sale. Zoned for business use, this versatile space is ideal for a wine bar, cigar bar, sports bar, smoke shop, or other retail or office ventures. The high-traffic location ensures excellent visibility and accessibility. Annual property taxes are $11,679. This owner-user opportunity offers a compelling blend of established income and future upside. The property's attractive features and prime location make it a highly desirable asset in the thriving Williston Park market. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $550,000
      ML approach
      $550,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $410,000
      6.5%
      $380,000
      7%
      $350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $504,000
      Market price range: $388k - $1.17M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $705,000
      Current use
      OFFICE BUILDING
      $875,000
      Change: +24% Conversion: Easy
      AUTO REPAIR, GARAGE
      $815,000
      Change: +15% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $805,000
      Change: +14% Conversion: Easy
      WAREHOUSE, STORAGE
      $625,000
      Change: -12% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Williston Park
    County
    Nassau
    State
    New York
    Longitude
    -73.6506
    Latitude
    40.7542
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,317
    $825
    $937
    $1,762
    -
    $0.00
    $0.00
    $176,200

    Comparable in this City

    • Value Estimation
      $865,000
      2,350 SF

      392-394 Hillside Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,350 SF
      392-394 Hillside Ave, Williston Park, NY 11596
      View Details
    • Value Estimation by Request
      1,088 SF

      289 Hillside Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,088 SF
      289 Hillside Ave, Williston Park, NY 11596-2204
      View Details
    • Value Estimation
      $765,000
      1,200 SF

      156 Mineola Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      156 Mineola Blvd, Williston Park, NY 11596
      View Details
    • Value Estimation by Request
      1,125 SF

      634 Willis Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,125 SF
      634 Willis Ave, Williston Park, NY 11596-1149
      View Details
    • Value Estimation by Request
      1,120 SF

      611 Willis Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,120 SF
      611 Willis Ave, Williston Park, NY 11596-1147
      View Details
    • Value Estimation by Request
      1,582 SF

      621 Willis Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,582 SF
      621 Willis Ave, Williston Park, NY 11596-1148
      View Details

    Similar Nearby for Sale

    • $595,000
      1,240 SF

      Hillside Ave. Nightclub/Bar for Sale

      Profitable Williston Park Bar, 1240 SF
      279 Hillside Ave, Williston Park, NY 11596
      View Details
    • $1,690,000

      Retail Property in Williston Park

      Retail property for sale in Williston Park, New York.
      74A Hillside Ave, Williston Park, NY 11596
      View Details
    • $1,318,000
      Pending

      Charming Duplex in Herricks Schools

      Legal two-family home in Williston Park, Herricks School District.
      159 Collins Ave, Williston Park, NY 11596
      View Details
    • $1,590,000
      Pending

      Spacious Two-Family House

      Charming, renovated two-family house near Williston Park amenities.
      73 Sheridan Ave, Williston Park, NY 11596
      View Details
    • $1,690,000

      Mineola Specialty Property For Sale

      Specialty property available in Mineola, New York.
      74A Hillside Ave, Mineola, NY 11596
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo

      Retail Space in Williston Park

      Retail space available for rent in Williston Park, NY.
      74A Hillside Ave, Williston Park, NY 11596
      View Details
    • $2,450 /Mo

      Commercial Space Near LIRR

      Commercial space suitable for beauty salon or physiotherapy clinic.
      99 Hillside Ave, Williston Park, NY 11596
      View Details
    • Contact for pricing
      2,904 SF

      Free Standing Nassau Retail Space

      Retail space in the heart of Nassau County available for rent.
      700 Willis Ave, Williston Park, NY 11596
      View Details
    • $1,550 /Mo

      Prime Location Office/Retail Space

      Office/Retail space in a central business area near LIRR.
      105 Hillside Ave, Williston Park, NY 11596
      View Details
    • $9,500 /Mo

      Historic Williston Park Retail Storefront

      Iconic corner retail storefront available for rent in Williston Park.
      84 Hillside Ave, Williston Park, NY 11596
      View Details
    • $5,500 /Mo

      Retail Space in Williston Park

      Retail property available for rent in Williston Park, NY.
      74 Hillside Ave, Williston Park, NY 11596
      View Details
    Request Owner's contact information
    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.
    279 Hillside Ave
    Williston Park, NY 11596
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!