32 Atlantic Ave, Unit 38 Lynbrook, NY 11563-3024
Property profile & analytics
32 Atlantic Ave, Unit 38 Lynbrook, NY 11563-3024
- Retail space
- 6,065 SF
- 0.25 lot acres
Property ID
US63-1830892
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.
Location Intelligence
Current Use by Public Records
- Mara's Homemade / Vocational School / Training Center
- Fudge Delights / Bakery / Take-out & Catering
- Trini Bites / Take-out & Catering / Catering Service
- The Waffle Chic Inc / Restaurant
- Green Screen Rental / Film Production
Property Details for 32 Atlantic Ave
- Year built
- 1956
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.25 lot acres
- Property size
- 6,065 SF
- Property type
- Retail space
- APN
- 38-521-00-0015
- APU
- 38521000015
Description
This exceptional 7-unit retail building, situated on a 0.25-acre lot (10,850 sqft) at 32 Atlantic Ave in Lynbrook, NY, presents a compelling investment or owner-user opportunity. The 9,400+ square foot building boasts excellent signage and visibility on a high-traffic street (4,900+ vehicles daily), benefiting from its location in the heart of Lynbrook Centre, just one block from the Lynbrook LIRR station and midway between Sunrise Highway and Merrick Road. The property features 146 parking spaces, high 10' ceilings, all new LED lighting, a skylight, and 200-amp power, along with central air conditioning. Current tenants include a deli (3,000 sqft, $67,980 annual income, lease expiring 2026), a nail salon (2,000 sqft, $44,496 annual income, lease expiring 2026), and a cooking school/catering facility (2,000 sqft, $32,136 annual income, lease expiring 2025). The second floor comprises four additional suites (1,500, 500, 600, and 600 sqft) generating annual income of $36,000, $12,000, $14,400, and $14,400 respectively, all with month-to-month leases. Annual gross income totals $221,412, while annual expenses (including gas, electric, maintenance, insurance, water, snow removal, landscaping, and taxes) amount to $100,289. The deli space can be delivered vacant if needed to accommodate an owner-user. Strong zoning and proximity to numerous national brands (Starbucks, Audi, Acura, Volkswagen, etc.) further enhance this property's value and potential. This property offers significant upside potential for investors and a prime location for businesses seeking high visibility and accessibility.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,000,000
- 6.5%
- $1,850,000
- 7%
- $1,715,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,345,000
- AI Estimate
- $1,509,000
Market price range: $1.56M - $3.40MMarket price range: $190k - $2.47M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,090,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lynbrook
- County
- Nassau
- State
- New York
- Longitude
- -73.6713
- Latitude
- 40.6561
- 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
$49,821
$2,180
$7,751
$9,931
-
$0.00
$0.00
$993,100
