Valley Stream, NY Retail Portfolio2018-11-29T12:02:10-07:00

Project Description

Valley Stream, NY Retail Portfolio For Sale

124 Brooklyn & 297 N Central Ave, Valley Stream, NY 11580

Property Highlights:

Price: $2,699,999
Building Size: 7,600 SF
Property Type: Retail
Lot Size: 0.40 Acres
Year Built:
Cap Rate: 5.91%
NOI: $159,613
124 Brooklyn Ave & 297 N Central Ave, NY 11731

Property Description

American Investment Properties is exclusively retained to sell two retail buildings in Valley Stream, NY. Both properties are fully occupied. The two buildings total 7,600 SF of retail space and 0.40 acres of land.

The property at 124 Brooklyn Ave is a NN lease, the landlord is responsible for the roof and structure. The roof was recently replaced in 2011 and is in excellent condition. Located just steps from Sunrise Highway this property sees over 40,000 vehicles per day.

The roof at 297 N Central Ave is also new. The property received a new roof as of September 2018. At this commercial building the current tenants pay taxes over base rents. Located on N Central Ave, the property sees over 22,000 vehicles per day.

Location Overview

Valley Stream is a village located in Nassau County, Long Island, New York. It is in the southwest part of the Town of Hempstead along the border with Queens. The communities bordering the village are Elmont, Lynbrook, Rockville Centre, Malverne, Franklin Square, Garden City, Rosedale, Hewlett, and Woodmere.

Valley Stream is sub-divided into two parts namely North Valley Stream and South Valley Stream. There are also different sections of Valley Stream such as Parkwold Estates, Valley Stream Woods, Gibson, and Valley Greens. It is served by the Long Island Rail Road at the Valley Station which located at Sunrise Highway and Franklin Avenue. As of 2010 census, there were 37,511 people, 12,189 households, and 9,541 families residing in the area. The median income for a household in the village is $84,981, and the median income for a family is $94,667.

Contact Broker

Lyle Alper American Investment PropertiesLyle Alper
(O) 516.393.2300 x208
(F) 516.390.5780

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
(O) 516.393.2300 x202
(F) 516.390.5780

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