375 Sunrise Hwy - Storefront Retail/Office FOR SALE


Lynbrook, NY 11563
$4,500,000 USD
718-663-2639
375 Sunrise Hwy, Lynbrook, NY for Sale
$4,500,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | 7.4% Cap Rate

375 Sunrise Hwy
Lynbrook, NY 11563


HIGHLIGHTS

  • First sale in over 40 years — same family ownership
  • ~275 FT of frontage on Sunrise Highway with ~45,000 VPD traffic count
  • Steps from Lynbrook LIRR station (Long Beach & Babylon branches) with direct Manhattan access
  • Mark-to-market rental upside — office rents ~$27/SF vs. $30/SF market; retail ~$33/SF vs. $40/SF market
  • Long-tenured, stable rent roll across 17 units (10 office, 7 retail) providing immediate in-place income

OVERVIEW

Rare opportunity to acquire a 15,241 SF, two-story mixed office/retail building at the signalized corner of Sunrise Highway & Atlantic Avenue in Lynbrook — first time on the market in over 40 years. 17 units (10 office, 7 retail) with ~275 FT of Sunrise Highway frontage and ~45,000 VPD. In-place office rents average $27/SF vs. $30/SF market; retail averages $33/SF vs. $40/SF market, offering meaningful mark-to-market upside through lease rollover. Steps from the Lynbrook LIRR station (Long Beach & Babylon branches) with direct access to Manhattan. Additional upside through professional management of a long-tenured, stable rent roll.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$265 USD /SF

CAP RATE

7.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-Story Building with Rent Upside

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

-

APN/PARCEL ID

2025-42-122-00-0003-0

ASK ABOUT THIS PROPERTY

Stephen PreussRipco Real EstateMore Info
718-663-2639

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Stephen PreussRipco Real EstateMore Info
718-663-2639

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.