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4435 Austin Blvd 7,720 sq ft 100% Let Office Property Island Park, NY 11558 £1,444,814 (£187.15/sq ft) 7.09% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! 7,700+ Sqft. 4 Unit Free Standing Building On A 18,875 Sqft. Lot For Sale In Island Park!!!
- The Property Is Located In The Heart Of Island Park On Busy Austin Blvd. Just Blocks From The Long Beach Bridge!!!
- Neighbors Include Costco, Stop & Shop, Public Storage, Costello’s Ace Hardware, King Kullen, Dunkin’, Wendy’s, McDonald’s, Trader Joe’s, +++!!!
- The Property Features Excellent Signage, Great Exposure, High 14’ Ceilings, 32 Parking Spaces In A Private Gated Parking Lot, Business X Zoning, +++!
- The Property Has 205’ Of Frontage On Busy Austin Blvd. + 204’ Of Frontage On Broadway & Has A Daily Traffic Count Of 40,200+ Vehicles Per Day!!!
- This Could Be Your Next Development Site Or The Next Home For Your Business!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers & End-Users!!! 7,700+ Sqft. 4 Unit Free Standing Building On A 18,875 Sqft. Lot For Sale In Island Park!!! The Property Features Excellent Signage, Great Exposure, High 14’ Ceilings, 32 Parking Spaces In A Private Gated Parking Lot, Business X Zoning, Security Camera System, 3 Phase Power, Conference Room, Private Offices, 2 Apartments, Strategically Placed Curb Cuts, Accessible Parking, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Island Park On Busy Austin Blvd. Just Blocks From The Long Beach Bridge!!! The Property Has 205’ Of Frontage On Busy Austin Blvd. + 204’ Of Frontage On Broadway!!! This Section Of Austin Blvd. Has A Daily Traffic Count Of 40,200+ Vehicles Per Day!!! Neighbors Include Costco, Stop & Shop, Public Storage, Costello’s Ace Hardware, King Kullen, Dunkin’, Wendy’s, McDonald’s, Trader Joe’s, +++!!! This Property Offers HUGE UPSIDE Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
4,500 Sqft. Office + 800 Sqft. Warehouse: $120,000 Ann. NNN. Lease Exp.: 6/15/26.
Apt. 1 (1 Br.): $31,200 Ann. M-M.
Apt. 2 (1 Br.): $31,200 Ann. M-M.
Gross Income: $182,400 Ann.
Expenses:
Gas: $2,000 Ann. (Apartments Only)
Electric: $0 Ann.
Insurance: $3,253 Ann.
Maintenance & Repairs: $250 Ann
Water: $0 Ann.
Taxes: $38,695.30 Ann.
Total Expenses: $44,198.30 Ann.
Net Operating Income (NOI): $138,201.70 Ann. (7.09% Cap!!!)
Income:
4,500 Sqft. Office + 800 Sqft. Warehouse: $120,000 Ann. NNN. Lease Exp.: 6/15/26.
Apt. 1 (1 Br.): $31,200 Ann. M-M.
Apt. 2 (1 Br.): $31,200 Ann. M-M.
Gross Income: $182,400 Ann.
Expenses:
Gas: $2,000 Ann. (Apartments Only)
Electric: $0 Ann.
Insurance: $3,253 Ann.
Maintenance & Repairs: $250 Ann
Water: $0 Ann.
Taxes: $38,695.30 Ann.
Total Expenses: $44,198.30 Ann.
Net Operating Income (NOI): $138,201.70 Ann. (7.09% Cap!!!)
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
£135,146
|
£17.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£135,146
|
£17.51
|
| Taxes |
£28,670
|
£3.71
|
| Operating Expenses |
£4,077
|
£0.53
|
| Total Expenses |
£32,748
|
£4.24
|
| Net Operating Income |
£102,398
|
£13.26
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | £135,146 |
| Annual Per sq ft | £17.51 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | £135,146 |
| Annual Per sq ft | £17.51 |
| Taxes | |
|---|---|
| Annual | £28,670 |
| Annual Per sq ft | £3.71 |
| Operating Expenses | |
|---|---|
| Annual | £4,077 |
| Annual Per sq ft | £0.53 |
| Total Expenses | |
|---|---|
| Annual | £32,748 |
| Annual Per sq ft | £4.24 |
| Net Operating Income | |
|---|---|
| Annual | £102,398 |
| Annual Per sq ft | £13.26 |
PROPERTY FACTS Under Offer
Sale Type
Investment or Owner Occupier
Property Type
Office
Property Subtype
Property Size
7,720 sq ft
Costar Property Class
B
Year Built/Renovated
1947/2000
Price
£1,444,814
Price per sq ft
£187.15
Yield
7.09%
NOI
£102,398
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
7,720 sq ft
Floor To Floor Height
14 ft
Plot ratio
0.41
Total Plot Size
0.43 ac
Use Class
Business X - Office / Retail
Parking
32 Spaces (4.15 Spaces per 1,000 sq ft Leased)
AMENITIES
- 24 Hour Access
- Conferencing Facility
- Fenced Lot
- Security System
- Signage
- Reception
- Storage Space
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- R & J Construction Corp
- Construction
- -
- -
- -
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| R & J Construction Corp | Construction | - | - | - |
Walk Score®
Easily Walkable (80)
PROPERTY TAXES
| Parcel Number | 2089-43-059-00-0004-0 | Total Assessment | £5,121 |
| Land Assessment | £2,195 | Annual Taxes | £28,670 (£3.71/sq ft) |
| Improvements Assessment | £2,927 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
2089-43-059-00-0004-0
Land Assessment
£2,195
Improvements Assessment
£2,927
Total Assessment
£5,121
Annual Taxes
£28,670 (£3.71/sq ft)
Tax Year
2025
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4435 Austin Blvd
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