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185-191 Higbie Ln 5,090 SF 100% Leased Retail Building West Islip, NY 11795 $2,500,579 CAD ($491.27 CAD/SF) 6.01% Cap Rate



INVESTMENT HIGHLIGHTS
- Near Union Blvd., High traffic area.
- Long-term tenants.
- Fully Occupied.
EXECUTIVE SUMMARY
ONE-STORY MASONRY BUILDING - 4 STORES. Fully Occupied.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$220,800
|
$43.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$220,800
|
$43.38
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$70,622
|
$13.87
|
| Net Operating Income |
$150,179
|
$29.50
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $220,800 |
| Annual Per SF | $43.38 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $220,800 |
| Annual Per SF | $43.38 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $70,622 |
| Annual Per SF | $13.87 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $150,179 |
| Annual Per SF | $29.50 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
5,090 SF
Building Class
C
Year Built
1975
Price
$2,500,579 CAD
Price Per SF
$491.27 CAD
Cap Rate
6.01%
NOI
$150,179 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.58
Lot Size
0.20 AC
Zoning
BUS1 - Commercial
Parking
8 Spaces (1.71 Spaces per 1,000 SF Leased)
Frontage
ABOUT 185-191 HIGBIE LN , WEST ISLIP, NY 11795
ONE-STORY MASONRY BUILDING - 4 STORES
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Soca BJJ Brazilian Jiu Jitsu
- -
- 1,200 SF
- -
- -
- The Lion's Den
- -
- 940 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Soca BJJ Brazilian Jiu Jitsu | - | 1,200 SF | - | - | ||
| The Lion's Den | - | 940 SF | - | - |
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0500-455-00-01-00-055-000 | Improvements Assessment | $107,559 CAD |
| Land Assessment | $20,827 CAD | Total Assessment | $128,386 CAD |
PROPERTY TAXES
Parcel Number
0500-455-00-01-00-055-000
Land Assessment
$20,827 CAD
Improvements Assessment
$107,559 CAD
Total Assessment
$128,386 CAD
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185-191 Higbie Ln
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