27-29 Front Street,East Rockaway, NY 11518
East Rockaway, NY 11518
Description
Mixed-Use Investment Opportunity Excellent opportunity to acquire a well-maintained mixed-use property offering both stable residential income and flexible commercial space in a convenient East Rockaway location.The property features approximately 1,900 square feet of updated first-floor commercial space, including professional office space with an attached garage/warehouse area. The commercial space is currently owner-occupied and is expected to be delivered vacant at closing, making it ideal for an owner-user or investor seeking to lease the space at current market rates.The second floor consists of approximately 1,700 square feet of fully leased residential apartments currently generating $6,000 per month ($72,000 annually) in rental income. The residential units enjoy their own private entrance, separate from the commercial space.Based on current market conditions, the first-floor commercial space is estimated to command approximately $4,500 to $5,500 per month in rental income (approximately $54,000 to $66,000 annually), creating the potential for strong cash flow when fully leased. Buyers should conduct their own due diligence regarding rental rates and income projections.Property highlights include:Approximately 3,600 square feet of combined commercial and residential spaceUpdated first-floor office with flexible layoutAttached garage/warehouse spaceSeparate commercial and residential entrancesFully occupied residential unitsCommercial space delivered vacantConvenient proximity to the LIRR, major roadways, shopping, restaurants, and local business districtsWhether you're an investor seeking multiple income streams or an owner-user looking to offset occupancy costs with residential rental income, this versatile mixed-use property offers exceptional flexibility and long-term investment potential on Long Island
Details
| MLS # | 1005169 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1928 |
| Days On Site | 103 |
| Listing Provided By | Coldwell Banker American Homes | Clementine Becker E-PRO PSA |
Features
| SQ Feet | 3,600 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.09 |
Interior
| Cooling | Central Air, Multi Units, Wall/Window Unit(s) |
|---|---|
| Heating | Electric, Forced Air, Natural Gas |
Exterior
| Construction Materials | Block, Brick |
|---|---|
| Foundation Details | Block |
| Lot Features | Back Yard, Level |
| Fencing | Back Yard |
Parking
| Parking Features | Open |
|---|
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2026 |
|---|---|
| Tax Assessed Value | 3245 |
| Tax Annual Amount | 24409 |
| Tax Lot | 18 |
Area Information
| State | NY |
|---|---|
| County | Nassau County |
| City | East Rockaway |
| Zip Code | 11518 |
| School District | East Rockaway Junior-Senior High |
| Elementary School | Rhame Avenue Elementary School |
| High School | East Rockaway Junior-Senior High |
| Listing VS Median (in 11518) | |
Price: $1,100,000 low | high Med: $664,500 sqft: 3,600 low | high Med: 1,708 $ / sqft: $306 low | high Med: $393 On site: 103 low | high Med: 266.5 | |
Market Activity 11518
Request a showing
Request a showing
Contact
Learn More About This Property
| State | NY |
|---|---|
| County | Nassau County |
| City | East Rockaway |
| Zip Code | 11518 |
| School District | East Rockaway Junior-Senior High |
| Elementary School | Rhame Avenue Elementary School |
| High School | East Rockaway Junior-Senior High |
| Listing VS Median (in 11518) | |
Price: $1,100,000 low | high Med: $664,500 sqft: 3,600 low | high Med: 1,708 $ / sqft: $306 low | high Med: $393 On site: 103 low | high Med: 266.5 | |
