Portfolio of 2 Buildings in Deer Park, NY

1817 & 1819 DEER PARK AVE, DEER PARK, NEW YORK 11729

Executive Summary:

Price:	$1,749,000
Combined Building Size:	6,141 SF
Property Type:	Mixed-Use
Combined Lot Size:	8,000 SF

Cap Rate:	6.46%
NOI:	$113,047
Location:	1817 & 1819 Deer Park Ave, Deer Park, NY 11729

Investment 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

Investment Summary

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.

About Deer Park, NY

Deer Park is located in the pine barrens in the northeastern corner of the town of Babylon. It grew out of Jacob Conklin’s 1610 settlement of the Half Way Hollow Hills, later known as Wheatley Heights. Charles Wilson started what is now Deer Park in 1853 about eleven years after the Long Island Rail Road arrived in 1842-when he established a large and productive farm. A post office was opened in 1851, closed in 1872 and re-opened on July 1, 1873. Deer Park had an elementary school in 1874. Prior to 1923, the Deer Park School District took in Deer Park and Wyandanch.

Farming was a staple of this small town for most of its history. Known as the “fruit basket” of New York state, the area was also famed for its dahlia cultivation. It was not until the effects of the post-World War II boom reached Deer Park that its economy ceased to be agricultural.

Deer Park had two industries before 1940: the Walker and Conklin firm baked red bricks in West Deer Park (now Wheatley Heights), and the Golden Pickle Works (1902) prepared pickles in Deer Park. Deer Park was the locale of the Edgewood State Hospital (1938–1969)-originally a tuberculosis sanatorium, and later an Army hospital during World War II. The Fairchild Engine and Airplane Corporation established a factory in Deer Park in 1956.

In 1946, the former Deer Park Airport opened. It operated until 1974; the land was subsequently redeveloped.