Retail Strip in Lynbrook

215-227 Sunrise Hwy Lynbrook, NY 11563

215-227 Sunrise Hwy, Lynbrook, NY, 11563
215-227 Sunrise Hwy, Lynbrook, NY, 11563 215-227 Sunrise Hwy, Lynbrook, NY, 11563 215-227 Sunrise Hwy, Lynbrook, NY, 11563 215-227 Sunrise Hwy, Lynbrook, NY, 11563 215-227 Sunrise Hwy, Lynbrook, NY, 11563 215-227 Sunrise Hwy, Lynbrook, NY, 11563 215-227 Sunrise Hwy, Lynbrook, NY, 11563
FOR SALE
Property Type:
Street Retail
Amount:
$2,049,000
Cap Rate:
6.00%
Last Verified:
Jun 14, 2023

• Fully-Occupied 4-Unit Retail Strip in Lynbrook • Tenants Have 3% Annual Rent Increases • Tenants Pay for all Utilities • Building was Renovated in 2017 • High Traffic Counts: 48,968 Cars Per Day • Under 1 Mile From the LIRR Lynbrook Train Station • Surrounded by Several Other Neighborhood Retail Spaces

Additional URLs

Map of 215-227 Sunrise Hwy, Lynbrook, NY, 11563

Presented by:
American Investment Properties

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Ron Koenigsberg


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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.