Property profile

42 Orchard St Manhasset, NY 11030

OFF-MARKET
Mixed-use properties
Property ID
US63-1940791
0.19 ac lot Built 1926
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Property summary

AI-generated overview

This exceptional mixed-use property, situated in the heart of Manhasset, New York, presents a compelling investment opportunity. The freestanding building is located on a 0.19-acre lot and offers a highly desirable "center of town" location, providing unparalleled convenience and accessibility. The property boasts ample parking with approximately 20 spaces, a significant advantage in this high-demand area. The building is being sold "as is," allowing for potential renovation and customization to suit a variety of uses. The current lease structure is a NNN (Net, Net, Net) lease, minimizing the owner's operational responsibilities. This translates to a potentially strong passive income stream for the investor. Given its prime location near the Long Island Rail Road (LIRR), this property benefits from excellent public transportation access, further enhancing its appeal to both tenants and potential buyers. The property's versatility and strategic location make it an ideal investment for those seeking a strong return on investment in a thriving Long Island community. The asking price is $1,399,000. Serious inquiries are encouraged. The square footage is not currently available.

Property profile

Verified
Property type Mixed-use properties
Year built 1926
Lot 0.19 ac (8,276 SF)
UPID US63-1940791

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nail Salon

Location

42 Orchard St Manhasset, NY 11030
Manhasset metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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