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Property profile & analytics
OFF-MARKET
Investment properties

701 Nostrand Ave Uniondale, NY 11553-3026

424 SF 0.43 ac lot Built 1935
Trust Owned 13-yr Hold Free & Clear
Property ID
US63-1593244
Property summary
AI-generated overview

This exceptional mixed-use property at 701 Nostrand Avenue in Uniondale, NY, presents a unique investment opportunity. Situated on a 0.43-acre lot, this highly visible corner location boasts over 20,000 vehicles passing daily, ensuring significant exposure for any business. The property features approximately 1300 square feet of commercial space with 56 feet of frontage on Jerusalem Avenue. Currently, the property includes a separate, income-generating single-family residence, ideal for owner-operator occupancy or workforce housing. Its history as a farm stand and retail establishment speaks to its adaptability and proven commercial viability. The property's zoning, Residence District (B), allows for its current uses and permits accessory uses such as professional office space or senior residences, offering considerable flexibility for future development. This prime location offers easy access to major attractions and entertainment venues, further enhancing its appeal. The combination of high visibility, existing income stream, and flexible zoning makes this a truly one-of-a-kind property with significant potential for growth and return on investment. Priced at $1,150,000, this property represents a compelling opportunity for discerning investors seeking a versatile and profitable asset in a desirable location.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1935
Construction FRAME
Total area 424 SF
Lot 0.43 ac (18,905 SF)
APN 50-00M-00-0001
UPID US63-1593244
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Edmund Helen Trust · 13 yrs held
Edmund Helen Trust
since 2012
2 recorded transactions
2012
Price N/A
2004
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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