Deer Park Portfolio

$1,749,000

1817 Deer Park Avenue, Deer Park, NY 11729

For Sale

Mixed Use Residential/Retail

Active

Last Updated: 12/26/2024

Details:

Cap Rate: 6.45%

NOI: $112,811

Pro Forma Cap Rate : 7.52%

Building Size: 6,141 sqft

Lot Area: 8,000 sqft

Occupancy: 100%

Class: C

Units: 8

Lease Type: Modified Gross

Zoning: Commercial

Tenancy: Multiple

Floors: 2

Parking Spots: 11

Gross Leaseable Area: 6,141

Investment Strategy: Opportunistic

Offered by

Ron Koenigsberg

President & Senior Broker

American Investment Properties

#31K00933350

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Highlights:

For Sale: 2 Properties on Deer Park Ave, Deer Park, NY
1817 Deer Park Ave is a Mixed-Use Building with (1) Retail Space and (4) Multi-Family Units
1817 Deer Park Ave has On-Site Parking with 6 Spaces
1819 Deer Park Ave is a Mixed-Use Building with (1) Office Space and (2) Multi-Family Units
1819 has 5 On-Site Parking Spaces
1817 Retail Tenant is a Successful Kitchen Remodeling Business
1817 Retail Space was completely Renovated, Gutted Floor to Ceiling, New HVAC, Electric, & Plumbing in 2015. Has a Flat Rubber Torch Down Roof Approx 15 Years Old
1819 - The 3 Units have Their Own Thermostats, A/C are Wall Units, The 3 Electric Panels out to the Telephone Pole was Completely Updated in 2020
1819 Roof Above the Office and Front Siding/Windows was Replaced in 2021. The Upper Roof Reflashed and Sealed in 2023

Description:

American Investment Properties is exclusively retained to sell the portfolio of two commercial buildings located at 1817 and 1819 Deer Park Ave, Deer Park, NY.

The buildings are both mixed-use with retail and office spaces on the ground floor and apartments upstairs. There is available on-site parking.