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State Street Plaza in Huntington, NY

$5,199,999

1200 East Jericho Turnpike, Commack, NY 11725

Active
Last Updated: 03/26/2025

6.77

Cap Rate

352,299

NOI

Details:
Cap Rate:    6.77%
NOI:    $352,299
Building Size:    10,476 sqft
Lot Area:    43,560 sqft
Occupancy:    100%
Class:    B
Lease Type:    Modified Gross
Year Built:    1960
Price Per Sqft:    $496.37
Zoning:    C6
Tenancy:    Multiple
Parking Spots:    50
Gross Leaseable Area:    10,476
Investment Strategy:    Opportunistic
Highlights:
  • Fully-Occupied 10 Unit Retail Neighborhood Center
  • Handful of Long Term Tenants & 5+ Year Leases; Majority have 3% Annual Increases in Rent
  • Ample Parking to Accommodate Customers
  • High Traffic Counts: Over 33,800 VPD
  • Close Proximity From The Northern State Parkway
  • Near Other Bustling Neighborhood Amenities
Description:

At this location you'll find a 10 unit retail strip center. Also known as State Street Plaza, this property is a neighborhood staple, providing many services for local residents. This property is currently fully-occupied. State Street Plaza consists of about 50 parking spaces with one curb cut serving as an entrance/exit. This property is in a prime location. In addition to being on the busy Jericho Turnpike where over 33,800 cars drive by each day, it's only 5 minutes off the Northern State Parkway. Neighborhood amenities surround this property. Nearby you'll find car dealerships, restaurants, gas stations, and a Stop & Shop.

Map:
Documents:
Title
Huntington__1200_E_Jericho_Tpke__Offering_Memorandum__March2025.pdf
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Location
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