Retail Long Island
Investment Highlights
Plainview, Long Island. Retail strip center totaling 11,160 SF across six equal 1,860 SF storefronts. Stable local tenancy includes a pizzeria, nail salon, Chinese restaurant, cleaners, and dance studio, with several occupants in place over 15 years. Current NOI : ~ $164,000, with potential to exceed $200,000 by leasing the single, recently renovated 1,860 SF vacancy. Low landlord responsibilities as tenants pay own utilities and garbage. Property features a new roof installed in 2024. Asking 4.5m negotiable
Location
📍 Long Island
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Who finances deals like this
The lenders with the most recorded retail mortgages since 2021, from public ACRIS filings.
- Preferred Bank — 39 loans, typically $300K–$2M
- Symetra Life Insurance Company — 19 loans, typically $345K–$2.15M
- Commonwealth Business Bank — 10 loans, typically $1.17M–$2.24M
- New York Progressive Capital Local Development Cor — 5 loans, typically $1.19M–$2.28M
- G4 18297,LLC — 3 loans, typically $6.55M–$20.73M
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Underwrite this deal
Pro-forma, debt sizing against real recorded NYC leverage, cash flow, IRR and a sensitivity grid. Free account — no card.
