163-175 Nassau Road, Roosevelt, NY 11575
Nassau County
Key Facts
Description
Value-add short sale opportunity at 175 Nassau Road in Roosevelt. This strip mall offers strong income potential with existing occupancy and additional upside through lease optimization and operational improvements. Market rents are in place on occupied units, with the opportunity to further enhance cash flow and stabilize the asset. The property was renovated in 2016 and features on-site parking with 22 spaces, providing convenience for tenants and customers. Located in a high-demand area with strong rental activity, the property benefits from excellent accessibility, near the Southern State Parkway and Meadowbrook State Parkway, and just 1.4 miles from the Freeport LIRR station and Sunrise Highway. An excellent opportunity for investors seeking a well-located retail asset with long-term growth potential.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
1949
Living Area
3,085 sq ft
Lot Size
0.14 acres
Parking Spaces
22
Days on Market
84
MLS® Listing#
988651
Property Features
Cooling
Heating
Construction
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$79,857
Assessed Value
$4,881
Parcel Number
2089-55-413-00-0192/0191-0
Affordability Calculator
$640,000
Estimated monthly payment
$17,032/mo
Principal $2,560,000 · Est. interest $3,571,428 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Roosevelt, NY
- $710,000
- Median Listing Price
- 43
- Median Days on Market
- 1,558
- Median Sq Ft
- $392
- Median Price / Sq Ft
- 19
- Active Listings
- This home’s price is 351% above the area median.
- Its price per sq ft is 165% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Roosevelt, NY.
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Points of Interest in Roosevelt, NY
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EXIT Agents in Roosevelt
Listing Courtesy: Developing Dreams Realty USA - 8335373267
Presented by: Mathew Klein
Fair Housing Notice