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4435 Austin Blvd 7,720 SF 100% Leased Office Building Island Park, NY 11558 $2,684,935 CAD ($347.79 CAD/SF) 7.09% Cap Rate
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! 7,700+ Sqft. 4 Unit Free Standing Building On A 18,875 Sqft. Lot For Sale In Island Park!!!
- The Property Is Located In The Heart Of Island Park On Busy Austin Blvd. Just Blocks From The Long Beach Bridge!!!
- Neighbors Include Costco, Stop & Shop, Public Storage, Costello’s Ace Hardware, King Kullen, Dunkin’, Wendy’s, McDonald’s, Trader Joe’s, +++!!!
- The Property Features Excellent Signage, Great Exposure, High 14’ Ceilings, 32 Parking Spaces In A Private Gated Parking Lot, Business X Zoning, +++!
- The Property Has 205’ Of Frontage On Busy Austin Blvd. + 204’ Of Frontage On Broadway & Has A Daily Traffic Count Of 40,200+ Vehicles Per Day!!!
- This Could Be Your Next Development Site Or The Next Home For Your Business!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers & End-Users!!! 7,700+ Sqft. 4 Unit Free Standing Building On A 18,875 Sqft. Lot For Sale In Island Park!!! The Property Features Excellent Signage, Great Exposure, High 14’ Ceilings, 32 Parking Spaces In A Private Gated Parking Lot, Business X Zoning, Security Camera System, 3 Phase Power, Conference Room, Private Offices, 2 Apartments, Strategically Placed Curb Cuts, Accessible Parking, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Island Park On Busy Austin Blvd. Just Blocks From The Long Beach Bridge!!! The Property Has 205’ Of Frontage On Busy Austin Blvd. + 204’ Of Frontage On Broadway!!! This Section Of Austin Blvd. Has A Daily Traffic Count Of 40,200+ Vehicles Per Day!!! Neighbors Include Costco, Stop & Shop, Public Storage, Costello’s Ace Hardware, King Kullen, Dunkin’, Wendy’s, McDonald’s, Trader Joe’s, +++!!! This Property Offers HUGE UPSIDE Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
4,500 Sqft. Office + 800 Sqft. Warehouse: $120,000 Ann. NNN. Lease Exp.: 6/15/26.
Apt. 1 (1 Br.): $31,200 Ann. M-M.
Apt. 2 (1 Br.): $31,200 Ann. M-M.
Gross Income: $182,400 Ann.
Expenses:
Gas: $2,000 Ann. (Apartments Only)
Electric: $0 Ann.
Insurance: $3,253 Ann.
Maintenance & Repairs: $250 Ann
Water: $0 Ann.
Taxes: $38,695.30 Ann.
Total Expenses: $44,198.30 Ann.
Net Operating Income (NOI): $138,201.70 Ann. (7.09% Cap!!!)
Income:
4,500 Sqft. Office + 800 Sqft. Warehouse: $120,000 Ann. NNN. Lease Exp.: 6/15/26.
Apt. 1 (1 Br.): $31,200 Ann. M-M.
Apt. 2 (1 Br.): $31,200 Ann. M-M.
Gross Income: $182,400 Ann.
Expenses:
Gas: $2,000 Ann. (Apartments Only)
Electric: $0 Ann.
Insurance: $3,253 Ann.
Maintenance & Repairs: $250 Ann
Water: $0 Ann.
Taxes: $38,695.30 Ann.
Total Expenses: $44,198.30 Ann.
Net Operating Income (NOI): $138,201.70 Ann. (7.09% Cap!!!)
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$251,145
|
$32.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$251,145
|
$32.53
|
| Taxes |
$53,279
|
$6.90
|
| Operating Expenses |
$7,577
|
$0.98
|
| Total Expenses |
$60,856
|
$7.88
|
| Net Operating Income |
$190,289
|
$24.65
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $251,145 |
| Annual Per SF | $32.53 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $251,145 |
| Annual Per SF | $32.53 |
| Taxes (CAD) | |
|---|---|
| Annual | $53,279 |
| Annual Per SF | $6.90 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $7,577 |
| Annual Per SF | $0.98 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $60,856 |
| Annual Per SF | $7.88 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $190,289 |
| Annual Per SF | $24.65 |
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
7,720 SF
Building Class
B
Year Built/Renovated
1947/2000
Price
$2,684,935 CAD
Price Per SF
$347.79 CAD
Cap Rate
7.09%
NOI
$190,289 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,720 SF
Slab To Slab
14’
Building FAR
0.41
Lot Size
0.43 AC
Zoning
Business X - Office / Retail
Parking
32 Spaces (4.15 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Conferencing Facility
- Fenced Lot
- Security System
- Signage
- Reception
- Storage Space
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- R & J Construction Corp
- Construction
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| R & J Construction Corp | Construction | - | - | - |
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 2089-43-059-00-0004-0 | Total Assessment | $9,742 CAD |
| Land Assessment | $4,175 CAD | Annual Taxes | $53,279 CAD ($6.90 CAD/SF) |
| Improvements Assessment | $5,567 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
2089-43-059-00-0004-0
Land Assessment
$4,175 CAD
Improvements Assessment
$5,567 CAD
Total Assessment
$9,742 CAD
Annual Taxes
$53,279 CAD ($6.90 CAD/SF)
Tax Year
2025
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4435 Austin Blvd
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