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.

Attachments

14 Bayville Ave

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

  • Listing ID: 34465199

  • Date on Market: 1/13/2025

  • Last Updated:

  • Address: 14 Bayville Ave, Bayville, NY 11709