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1100 Stewart Ave
Garden City, NY 11530
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Tenants in this building include a dialysis center, gymnastics center, physical therapy location, insurance agents, and a buffet.
- Countless food options, down the street from LA Fitness with DJ’s International Buffet right around the corner.
- Easy highway access, within a mile of Meadowbrook State Parkway.
- Hassle free parking with on-site parking on the premises.
- Eisenhower Park is easily accessible, great for nature walks and dog friendly.
EXECUTIVE SUMMARY
1100 Stewart Ave is a Class C, 3 Star Retail building nestled in the heart of Garden City, NY. Constructed in 1963, located right of the Meadowbrook State Parkway on the corner of Stewart Ave and Endo Boulevard. The current 53,000 square feet building houses 5 tenants with a 6.16% Cap Rate. Prime location with a total traffic count of 174,250 in both directions of the surrounding area. Public transit is easily accessible from this location with plenty of restaurants and entertainment near-by. Less than 2 miles from the Roosevelt Field Shopping Center and the Eisenhower Red Gold Course. Median Household Income exceeds $100,769.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Size
48,133 sq ft
Costar Property Class
C
Year Built
1963
Price
£10,275,375
Price per sq ft
£213.48
Yield
7%
NOI
£719,604
Occupancy Rate
81%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.42
Total Plot Size
2.63 ac
Use Class
C - Commercial
Parking
138 Spaces (2.6 Spaces per 1,000 sq ft Leased)
Frontage
216 ft on Stewart Ave
PROPERTY TAXES
| Parcel Number | 2089-44-079-00-0024-0 | Improvements Assessment | £22,054 |
| Land Assessment | £15,940 | Total Assessment | £37,994 |
PROPERTY TAXES
Parcel Number
2089-44-079-00-0024-0
Land Assessment
£15,940
Improvements Assessment
£22,054
Total Assessment
£37,994
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