4435 Austin Blvd - Office/Residential FOR SALE


Island Park, NY 11558- Barnum Island
$2,285,000 USD
516-557-5686
4435 Austin Blvd, Island Park, NY for Sale
$2,285,000 USD
Office/Residential - FOR SALE
1/42
null | Request Cap Rate

4435 Austin Blvd
Island Park, NY 11558
Barnum Island


OVERVIEW

Great opportunity to purchase a mixed-use property in a high-visibility location on Austin Boulevard in Island Park. The building at 4435 Austin Blvd includes approximately 5,082 square feet of office space on the ground floor, plus a 1,034 square foot warehouse with easy access. Upstairs are two one-bedroom, one-bathroom apartments generating $46,800 per year in rental income, with one unit on a month-to-month lease offering $15,600 per year in potential upside. The property includes 24 parking spaces with curb cuts on both Austin Boulevard and Broadway, making access simple from either side. Austin Boulevard sees an average of 40,249 vehicles per day, offering excellent exposure for any business use. Property taxes are $38,695 annually. 4435 Austin Blvd is ideal for an end user looking for a large office space with on-site warehouse capacity to operate their business. This is also a good long term investment opportunity for an investor who rents out the Office. If property is fully leased at market rents it can yield a Net Income of $176,681 which would be a 7.7% Cap for this deal. Contact us to discuss details. We are also representing the neighboring end-cap property at 4451 Austin Blvd, located at the corner of Austin Boulevard and Broadway. This parcel totals approximately 0.114 acres and is currently improved with a vacant 819 square foot Farm Store (formerly a drive-up convenience store). It is available for sale or lease and offers a unique opportunity to combine both parcels for expanded use or future development.

FOR SALE DETAILS

PRICE

$2,285,000 USD

PRICE/SF

$296 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

Business X

APN/PARCEL ID

2089-43-059-00-0004-0

ASK ABOUT THIS PROPERTY

Christopher PesceDouglas Elliman CommercialMore Info
516-557-5686

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Christopher PesceDouglas Elliman CommercialMore Info
516-557-5686

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