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    Property profile & analytics
    OFF-MARKET
    Office buildings

    847 Prospect Ave, Westbury, NY 11590

    888 SF 0.1 ac lot Built 1922
    Entity Owned 14-yr Hold Free & Clear
    Property ID
    US63-6092120
    Property summary
    AI-generated overview

    This exceptional mixed-use property at 847 Prospect Avenue in Westbury, NY, presents a compelling investment opportunity. The building features an updated office space on the main level, a lower-level office area, and a separate residential unit at the rear, all situated on a private lot with ample parking. The property's versatility allows for owner-occupancy or continued rental income generation. Each unit benefits from separately metered electricity, with two gas meters—one for the residential unit and one for both office spaces, offering efficient utility management. Currently, the property is occupied by a residential tenant and a commercial tenant on month-to-month leases, providing immediate cash flow and flexibility. The substantial storage space within the residential unit adds to its appeal. The high-traffic location on Prospect Avenue ensures excellent visibility and accessibility. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable Westbury location. The flexible lease terms allow for immediate income and the potential to increase rental rates in the future. Don't miss this chance to secure a valuable asset with significant upside potential. The asking price is $699,999.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1922
    Construction FRAME
    Total area 888 SF
    Lot 0.1 ac (4,350 SF)
    APN 11-001-00-0048
    UPID US63-6092120
    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
    Current use
    Occupant on record · Public records
    • Platinum Winners Realty Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    847 Propect LLC · 14 yrs held
    847 Propect LLC
    since 2012
    2 recorded transactions
    2012
    $165,000
    2004
    $375,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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