185-191 Higbie Ln
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185-191 Higbie Ln
4,690 SF 49% Leased Retail Building West Islip, NY 11795 $1,825,000 ($389/SF) 6.01% Cap Rate
Investment Highlights
- Near Union Blvd., High traffic area.
- Long-term tenants.
- Fully Occupied.
Executive Summary
ONE-STORY MASONRY BUILDING - 4 STORES. Fully Occupied.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$161,147
|
$34.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$161,147
|
$34.36
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$51,542
|
$10.99
|
| Net Operating Income |
$109,605
|
$23.37
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $161,147 |
| Annual Per SF | $34.36 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $161,147 |
| Annual Per SF | $34.36 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $51,542 |
| Annual Per SF | $10.99 |
| Net Operating Income | |
|---|---|
| Annual | $109,605 |
| Annual Per SF | $23.37 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,690 SF
Building Class
B
Year Built
1975
Price
$1,825,000
Price Per SF
$389
Cap Rate
6.01%
NOI
$109,605
Percent Leased
49%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.54
Lot Size
0.20 AC
Zoning
BUS1 - Commercial
Parking
6 Spaces (1.4 Spaces per 1,000 SF Leased)
Frontage
About 185-191 Higbie Ln , West Islip, NY 11795
ONE-STORY MASONRY BUILDING - 4 STORES
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Soca BJJ Brazilian Jiu Jitsu
- -
- 1,200 SF
- -
- -
- The Lion's Den
- -
- 940 SF
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Soca BJJ Brazilian Jiu Jitsu | - | 1,200 SF | - | - | ||
| The Lion's Den | - | 940 SF | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
End cap; retail.
Inline, retail; former smoke shop. Call owner for rental rate.
| Space | Size | Space Use | Position | Available |
| 185 | 1,200 SF | Retail | End Cap | Now |
| 187 | 1,200 SF | Retail | In-Line | Now |
185
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
187
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
185
| Size | 1,200 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
End cap; retail.
187
| Size | 1,200 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Inline, retail; former smoke shop. Call owner for rental rate.
Walk Score®
Very Walkable (75)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0500-455-00-01-00-055-000 | Improvements Assessment | $78,500 (2023) |
| Land Assessment | $15,200 (2023) | Total Assessment | $93,700 (2023) |
PROPERTY TAXES
Parcel Number
0500-455-00-01-00-055-000
Land Assessment
$15,200 (2023)
Improvements Assessment
$78,500 (2023)
Total Assessment
$93,700 (2023)
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185-191 Higbie Ln
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