14 Bayville Ave
15,300 SF 79% Leased Retail Building Bayville, NY 11709 $4,800,000 ($314/SF) 7.20% Cap Rate
Investment Highlights
- Waterviews
Executive Summary
This mixed-use property offers a solid investment opportunity with fully leased residential and retail spaces. The attractive water views and high demand in the area ensure long-term tenant retention and rental growth. 10 Residential Units with 2 Ground Floor Tenants with Front and Rear Entrance. The Property Includes a rear parking lot. The building has been fully updated in 2019.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $410,535 | $26.83 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $410,535 | $26.83 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $63,942 | $4.18 |
Net Operating Income | $346,593 | $22.65 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
15,300 SF
Building Class
B
Year Built/Renovated
1962/2015
Price
$4,800,000
Price Per SF
$314
Cap Rate
7.20%
NOI
$345,600
Percent Leased
79%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.48
Lot Size
0.73 AC
Zoning
Business
Parking
25 Spaces (1.63 Spaces per 1,000 SF Leased)
Frontage
100 FT on Bayville Ave
Amenities
- 24 Hour Access
- Fenced Lot
- Restaurant
- Signage
- Skylights
- Tenant Controlled HVAC
- Waterfront
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Myknobs.com Inc
- Retailer
- -
- -
- -
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
Myknobs.com Inc | Retailer | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 3,200 SF
- Restaurant
- In-Line
- Now
Space | Size | Space Use | Position | Available |
1st Floor | 3,200 SF | Restaurant | In-Line | Now |
1st Floor
Size |
3,200 SF |
Space Use |
Restaurant |
Position |
In-Line |
Available |
Now |
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $1 | |
Land Assessment | $16,541 | Total Assessment | $16,542 |