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25800300
25800428

57-61 New Hyde Park Rd, Garden City, NY 11530

DS
NY 10401349050
Silber Investment Properties Ltd
Listed by Silber Investment Properties Ltd
$1,620,000
307 days on market
Updated 57 days ago

PRIME Strip Center | 57-61 New Hyde Park Rd, Garden City, NY

Details
APN 2011-33-327-00-0001-0
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 3,350
Cap Rate 6.00%
NOI $97,076
Occupancy 100%
Tenancy Multi
Lease Type Modified
Remaining Term 5
Price per SqFt $484
Year Renovated 2025
Buildings 1
Acreage 0.160
Investment Type Stabilized

Fully leased retail property on New Hyde Park Rd with two well established tenants

Marketing description

Silber Investment Properties is pleased to Exclusively present an opportunity to own a fully leased, multi-tenant retail property in the heart of Garden City, NY.

Situated in an extremely dense retail/residential corridor with over 26,000 residents within a 1 mile radius, this location provides no shortage of potential customers/tenants, and the municipal parking lot located directly behind the building enhances accessibility without adding additional parking lot related landlord responsibilities.

With two established tenants, including a long-standing dry cleaners operating for over 25 years and a popular cafe/kid play center, this property is perfect for investors looking for a bite sized deal to start earning cashflow immediately.

Please reach out for additional information!

Investment highlights

  • Strong demographics with an average household income over $160k/yr within a 1 mile radius

  • Brand new roof with 10yr warranty

  • Situated 0.7 miles from Stewart Manor train station

  • Area retailers include: Key Foods, 7-11, Rite Aid, Baskin Robbins, Taco Bell, and more

Listing Contacts

DS
NY 10401349050
Silber Investment Properties Ltd
Listed by Silber Investment Properties Ltd

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,076.00
$8,089.67/mo

Valuation Metrics

0
DSCR
5.99%
Cap Rate
5.99%
ROI

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