393 Sunrise Hwy 1 Lynbrook, NY 11563

This exceptional investment opportunity presents a fully occupied, two-story mixed-use building ideally situated on the high-traffic corner of Sunrise Highway and Atlantic Avenue in Lynbrook, New York. Boasting 9,400 square feet of net rentable space, this Class B property, built in 1921 and extensively renovated in 2023, offers a compelling 5.70% capitalization rate with a strong net operating income (NOI) of $177,911. The building comprises eight units: three retail spaces and five office spaces, all currently leased under modified gross leases. These leases include options, annual rent increases, and tenant contributions towards real estate taxes exceeding a base year. Convenient elevator access and individual utility sub-metering enhance operational efficiency. The property sits on a 0.11-acre lot and benefits from its prime location directly across from the Lynbrook Long Island Rail Road station, ensuring high visibility and accessibility for businesses. With over 44,800 vehicles passing daily, this location provides unparalleled exposure. This institutional-grade investment is priced at $3,150,000 and presents a rare chance to acquire a stable, high-performing asset in a thriving Long Island market.