225 & 227 Albany Ave
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225 & 227 Albany Ave
4,021 SF Vacant Retail Building Amityville, NY 11701 $1,088,000 ($271/SF)
Investment Highlights
- Calling All Investors, Developers & End-Users!!! 7 Unit 2 Building Mixed-Use Development Site Just Off Sunrise Highway For Sale!!!
- Neighbors Include Starbucks, Mercedes-Benz, Kia, Nissan, 7-Eleven, Northwell Heath, Target, The Home Depot, QuickChek, Extra Space Storage, +++!!!
- This Property Offers HUGE Upside Potential!!!
- The Buildings Feature Will Feature Great Exposure, Excellent Signage, 23 Parking Spaces, High Ceilings, Strategically Placed Curb Cuts, A/C, +++!!!
- The Property Can Be Delivered Vacant If Need Be.
- This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Executive Summary
Calling All Investors, Developers & End-Users!!! 7 Unit 2 Building Mixed-Use Development Site Just Off Sunrise Highway For Sale!!! The Buildings Feature Will Feature Great Exposure, Excellent Signage, 23 Parking Spaces, High Ceilings, Strategically Placed Curb Cuts, A/C, All New LED Lighting, 200 Amp Power, +++!!! Neighbors Include Starbucks, Mercedes-Benz, Kia, Nissan, 7-Eleven, Northwell Heath, Target, The Home Depot, QuickChek, Extra Space Storage, Dunkin’, Walgreens, CityMD, Valero, Taco Bell, McDonald’s, Checkers, KFC, Burger King, Red Lobster, Dollar Tree, +++!!! The Property Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
225:
Real Estate Office (900 Sqft.): $33,600 Ann. (Available)
Deli (900 Sqft.): $33,600 Ann. (Available)
227:
First Floor:
Office 1: $9,600 Ann. M-M. (Available)
Office 2: $9,600 Ann. M-M. (Available)
Office 3: $14,400 Ann. M-M. (Available)
Second Floor:
Apt 1 (1 Br., 1 Bath): $22,800 Ann. M-M. (Available)
Apt 2 (1 Br., 1 Bath): $22,800 Ann. M-M. (Available)
Pro Forma Gross Income: $146,400 Ann.
Expenses:
Gas: $0
Electric: $0
Insurance: $2,328 Ann.
Taxes: $23,394 Ann.
Total Expenses: $25,722 Ann.
Net Operating Income (NOI): $120,678 Ann. (Pro Forma 11.09% Cap!!!)
Income:
225:
Real Estate Office (900 Sqft.): $33,600 Ann. (Available)
Deli (900 Sqft.): $33,600 Ann. (Available)
227:
First Floor:
Office 1: $9,600 Ann. M-M. (Available)
Office 2: $9,600 Ann. M-M. (Available)
Office 3: $14,400 Ann. M-M. (Available)
Second Floor:
Apt 1 (1 Br., 1 Bath): $22,800 Ann. M-M. (Available)
Apt 2 (1 Br., 1 Bath): $22,800 Ann. M-M. (Available)
Pro Forma Gross Income: $146,400 Ann.
Expenses:
Gas: $0
Electric: $0
Insurance: $2,328 Ann.
Taxes: $23,394 Ann.
Total Expenses: $25,722 Ann.
Net Operating Income (NOI): $120,678 Ann. (Pro Forma 11.09% Cap!!!)
Financial Summary (Pro forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$146,400
|
$36.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$146,400
|
$36.41
|
| Taxes |
$23,394
|
$5.82
|
| Operating Expenses |
$2,328
|
$0.58
|
| Total Expenses |
$25,722
|
$6.40
|
| Net Operating Income |
$120,678
|
$30.01
|
Financial Summary (Pro forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $146,400 |
| Annual Per SF | $36.41 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $146,400 |
| Annual Per SF | $36.41 |
| Taxes | |
|---|---|
| Annual | $23,394 |
| Annual Per SF | $5.82 |
| Operating Expenses | |
|---|---|
| Annual | $2,328 |
| Annual Per SF | $0.58 |
| Total Expenses | |
|---|---|
| Annual | $25,722 |
| Annual Per SF | $6.40 |
| Net Operating Income | |
|---|---|
| Annual | $120,678 |
| Annual Per SF | $30.01 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,021 SF
Building Class
C
Year Built
1980
Price
$1,088,000
Price Per SF
$271
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Land Acres
0.29 AC
Zoning
Mixed Use
Parking
28 Spaces (6.96 Spaces per 1,000 SF Leased)
Frontage
83 FT on Albany Ave
Amenities
- 24 Hour Access
- Restaurant
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Walk Score ®
Very Walkable (73)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0100-169-00-03-00-029-000 | Total Assessment | $3,350 (2023) |
| Land Assessment | $310 (2023) | Annual Taxes | $23,394 ($5.82/SF) |
| Improvements Assessment | $3,040 (2023) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
0100-169-00-03-00-029-000
Land Assessment
$310 (2023)
Improvements Assessment
$3,040 (2023)
Total Assessment
$3,350 (2023)
Annual Taxes
$23,394 ($5.82/SF)
Tax Year
2025
-
Matthew Shane -
All Island Commercial
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225 & 227 Albany Ave
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