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Park Lane Retail Strip 1 Park Ln 7,160 SF 100% Leased Retail Building Massapequa, NY 11758 $5,750,094 CAD ($803.09 CAD/SF) 5.52% Cap Rate
Investment Highlights
- ONE-STORY MASONRY BUILDING - 6 Stores (100% OCCUPIED!)
- Corner of Park Lane and Front Street, 300 ft from Sunrise Highway (27)
Executive Summary
ONE-STORY MASONRY BUILDING - 6 Stores
Corner of Park Lane and Front Street, 300 ft from Sunrise Highway (27)
100% occupied (11/22/24).
Corner of Park Lane and Front Street, 300 ft from Sunrise Highway (27)
100% occupied (11/22/24).
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$453,346
|
$63.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$453,346
|
$63.32
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$136,083
|
$19.01
|
| Net Operating Income |
$317,263
|
$44.31
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $453,346 |
| Annual Per SF | $63.32 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $453,346 |
| Annual Per SF | $63.32 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $136,083 |
| Annual Per SF | $19.01 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $317,263 |
| Annual Per SF | $44.31 |
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
7,160 SF
Building Class
C
Year Built
1955
Price
$5,750,094 CAD
Price Per SF
$803.09 CAD
Cap Rate
5.52%
NOI
$317,263 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.46
Lot Size
0.36 AC
Parking
13 Spaces (1.82 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Rent Roll Available upon request.
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Rent Roll Available upon request. | - | - | - | - |
Walk Score®
Very Walkable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | 2489-48-522-00-0029-0 | Improvements Assessment | $6,244 CAD |
| Land Assessment | $5,230 CAD | Total Assessment | $11,474 CAD |
Property Taxes
Parcel Number
2489-48-522-00-0029-0
Land Assessment
$5,230 CAD
Improvements Assessment
$6,244 CAD
Total Assessment
$11,474 CAD
1 of 6
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Presented by
Park Lane Retail Strip | 1 Park Ln
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