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185-191 Higbie Ln 5,090 SF 100% Leased Retail Building West Islip, NY 11795 $2,570,494 CAD ($505.01 CAD/SF) 5.45% 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 - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$224,513
|
$44.11
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$224,513
|
$44.11
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$84,371
|
$16.58
|
| Net Operating Income |
$140,142
|
$27.53
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $224,513 |
| Annual Per SF | $44.11 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $224,513 |
| Annual Per SF | $44.11 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $84,371 |
| Annual Per SF | $16.58 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $140,142 |
| Annual Per SF | $27.53 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
5,090 SF
Building Class
C
Year Built
1975
Price
$2,570,494 CAD
Price Per SF
$505.01 CAD
Cap Rate
5.45%
NOI
$140,142 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 (0 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 | - | - |
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0500-455-00-01-00-055-000 | Improvements Assessment | $111,486 CAD |
| Land Assessment | $21,587 CAD | Total Assessment | $133,074 CAD |
Property Taxes
Parcel Number
0500-455-00-01-00-055-000
Land Assessment
$21,587 CAD
Improvements Assessment
$111,486 CAD
Total Assessment
$133,074 CAD
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185-191 Higbie Ln
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