289 Suburban Avenue

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289 Suburban Avenue

Deer Park, NY 11729
Asking Price
$3.50M
Asset Type
Warehouse Industrial
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Industrial warehouse property spanning 14,200 square feet
  • Priced for acquisition at 3,500,000 dollars
  • Asset located within Deer Park in New York
  • Available for purchase as a fully rented facility
  • Flexible delivery options include vacant or tenanted possession

What's Special

This 14,200 square foot industrial warehouse property is positioned in Deer Park, NY. Situated in a region known for its robust logistical connectivity and proximity to key Long Island transportation corridors, the site serves as a functional node for businesses requiring distribution or manufacturing space. The local market benefits from consistent demand for industrial assets, supporting a variety of warehouse and light production operations. Investors and business owners will find this facility adaptable to shifting operational requirements, as the property accommodates multi-tenant configurations. The interior layout allows for flexible storage or light assembly usage, while the surrounding commercial landscape provides access to a stable workforce and essential services. This offering presents a versatile acquisition for entities looking to secure a foothold in a prominent Suffolk County industrial submarket. Whether utilized for fleet management, regional storage, or specialized trade activities, the site maintains a strategic profile for diverse business needs. Ownership has the flexibility to deliver the building with or without current tenants, allowing for both immediate income generation or owner-occupant use.

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NOI
$80,000
Cap Rate
2.29%
DSCR
0.38
Underwater
Cash-on-Cash
-12.17%
Monthly Payment
$17,316.09
Annual Cash Flow
$-127,793.084

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