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4245 Austin Blvd 7,000 SF Retail Building Island Park, NY 11558 $3,421,250 CAD ($488.75 CAD/SF)
Investment Highlights
- The Subject Property sits on a 0.47-acre parcel and contains approximately ±7,000 square feet of recently renovated restaurant space.
- The property is currently leased to Chico’s, with 4+ years remaining on their lease term.
- The building presents exceptionally well and benefits from 25 dedicated parking spaces.
- Over 200 feet of frontage along Austin Boulevard, one of the area’s primary commercial arteries, seeing over 35,000 VPD
Executive Summary
Restaurant Build Out was done 2 years ago.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built/Renovated
1965/2026
Price
$3,421,250 CAD
Price Per SF
$488.75 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
0.47 AC
Zoning
C - Currently use Restaurant
Parking
16 Spaces (5.14 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2089-43-061-00-0023-0 | Total Assessment | $18,754 CAD (2025) |
| Land Assessment | $7,575 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $11,179 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
2089-43-061-00-0023-0
Land Assessment
$7,575 CAD (2025)
Improvements Assessment
$11,179 CAD (2025)
Total Assessment
$18,754 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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4245 Austin Blvd
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