Office & Residential Portfolio | $1,400,000

100 Austin St Patchogue, NY 11772

100 Austin St, Patchogue, NY, 11772
100 Austin St, Patchogue, NY, 11772 100 Austin St, Patchogue, NY, 11772 100 Austin St, Patchogue, NY, 11772 100 Austin St, Patchogue, NY, 11772
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,400,000
Cap Rate:
6.50%
Last Verified:
Dec 11, 2018

American Investment Properties is exclusively retained to sell 100 Austin St and 381 N. Ocean Ave, in Patchogue, NY 11772. 100 Austin St, also known as Austin Plaza, contains two fully occupied office buildings. The property located at 381 N. Ocean Ave contains an occupied residential property. These properties sit close to the busy and easily accessible Sunrise Hwy. Additionally, there is ample parking available for employees and visitors at these properties.


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.