119-125 E Sunrise Hwy
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119-125 E Sunrise Hwy
10,000 SF 100% Leased Retail Building Lindenhurst, NY 11757 $2,100,000 ($210/SF) 7.19% Cap Rate
Investment Highlights
- High visibility and traffic count
- Strong retail leases
- Ample parking in rear
Executive Summary
This prime investment opportunity with ample parking is a versatile mixed-use building featuring both retail and office spaces, currently 85% leased. Located in a thriving commercial area, it offers a steady income stream with established tenants in place, making it an attractive opportunity for investors. The retail units benefit from high foot traffic, enhancing visibility for storefront businesses, while the office spaces cater to professional tenants, ensuring a stable and diverse tenant mix. With strong leasing performance and room for incremental value through potential lease-up of the remaining 15% vacancy, this asset represents as a strategic investment with growth potential and reliable cash flow.
Data Room Click Here to Access
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,000 SF
Building Class
C
Year Built
1980
Price
$2,100,000
Price Per SF
$210
Cap Rate
7.19%
NOI
$150,920
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.40
Land Acres
0.57 AC
Zoning
Commercial
Parking
1 Space per 1,000 SF Leased
Frontage
Amenities
- Corner Lot
- Fenced Lot
- Signage
- Air Conditioning
Walk Score ®
Very Walkable (81)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0100-208-00-04-00-052-001 | Improvements Assessment | $13,900 (2023) |
| Land Assessment | $3,930 (2023) | Total Assessment | $17,830 (2023) |
PROPERTY TAXES
Parcel Number
0100-208-00-04-00-052-001
Land Assessment
$3,930 (2023)
Improvements Assessment
$13,900 (2023)
Total Assessment
$17,830 (2023)
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JoAnn Spatola -
Vivian Kamath -
Realty Connect USA
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119-125 E Sunrise Hwy
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