Project Description

For Sale: Retail Property in Brightwaters, NY

340-348 North Windsor Ave, Brightwaters, NY 11718

Executive Summary:

Price: $2,850,000
Building Size: 7,000 SF
Property Type: Retail
Lot Size: 0.23 Acres
Year Renovated: 2019-2020
Cap Rate: 6.51%
NOI: $185,548
Location: 340-348 North Windsor Ave, Brightwaters, NY 11718

Property Summary:

  • Single-Net Lease – Tenants Fully Pay For R.E. Taxes
  • Long Term Tenants With Options & Rent Increases
  • Recently Renovated: Brand New Roof & Interior
  • High Visibility Corner Location With New Sidewalks & Curbs

Property Overview:

American Investment Properties is exclusively retained to sell 340-348 North Windsor Ave in Brightwaters, New York. At this location you’ll find a retail property.

This building is in the heart of the vibrant Brightwaters shopping district, surrounded by many neighborhood amenities.

This a single-net investment, all tenants reimburse for village and real estate taxes. Tenants at this location have been here for years. The building has underwent recent renovations, most notable the new roof that was installed in September 2020, and the new build out for the corner unit.

This is a great corner location with ample visibility from the intersection and recently renovated curbs and sidewalks by the township.

About Brightwaters

Brightwaters is a village located in Suffolk County, Long Island, New York. It is in the southwest part of the Town of Islip. The village is appropriately named with frontage on Long Island’s Great SouthBay, a nearly mile-long yacht basin, and five beautiful lakes.

As of the 2010 census, there were 3,103 people, 402 households,and 912 families residing in the area. The median income for a household in the village was $117,703 (2009) and the median income for a family is estimated at $132,986. Males had a median income of $80,055 and only $69,402 for females.

The village is considered an affluent community with a median income per family greater than $100,000 per year. Brightwaters has two lovely parks namely the Walker Park, with its beach on the Bay for fishing,sailing, and swimming as well as Wohseepee Park. The park has its own tennis courts, playing field, children’s playgrounds, and clubhouse.

Contact Broker

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300 x202
(F) 516.390.5780

Request More Information: