Central Islip, NY High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Central Islip, New York Market population: 37K. Browse multifamily, office, retail, industrial, and mixed-use...

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📊 Average Cap Rate For Central Islip NY Properties: 6.86%

⭐ Featured

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

$6,500,000

Buffalo Multifamily

Discover a compelling investment in Buffaloâ€™s vibrant market with this 65,000-square-foot garden-style apartment prope...

Cap Rate 7.56%

NOI $491,400

Size 65,000 SF

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📊 Avg Property Tax Rate For Central Islip NY Properties: 2.4000%

⭐ Featured

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

$1,750,000

Buffalo Multifamily

Discover a compelling multifamily investment opportunity in Buffalo, NY. This 12-unit apartment building, priced at $1,7...

Cap Rate 6.16%

NOI $107,842

Size 8,640 SF

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Investor Questions For Central Islip NY

Common questions from investors exploring commercial real estate in Central Islip NY.

What is the overall investment potential of Central Islip, NY? +

The 11.1% poverty rate and 86.3% health insurance coverage in Central Islip suggest a relatively stable market with access to employment opportunities, particularly in top industries like Public Administration and Finance & Insurance, which can drive demand for housing. With a median household income of $66,643 and a diverse population, including 30.8% Hispanic, 25.0% White, and 13.5% Black residents, this area presents a promising investment opportunity. The average commute time of 27.2 minutes and high public transit usage also indicate a well-connected infrastructure.

How does the local economy impact real estate investment in Central Islip? +

The local economy in Central Islip, with a median household income of $66,643 and an employed population of 17,655, suggests a strong foundation for real estate investment. The top industries, including Public Administration and Finance & Insurance, contribute to a stable job market, which is further reinforced by the relatively low poverty rate of 11.1% and high health insurance coverage of 86.3%. This stability, combined with the area's ethnic diversity and moderate income inequality (Gini coefficient of 0.401), makes it an attractive location for investors.

What are the key factors to consider when evaluating the housing market in Central Islip? +

When evaluating the housing market in Central Islip, key factors to consider include the median property value of $276,900, median property taxes of $6,685, and a homeownership rate of 69.7%. Additionally, the average commute time of 27.2 minutes, top commute methods, and the area's diversity, with 24.5% of the population being foreign-born, all contribute to understanding the local housing demand. The combination of these factors, along with the area's relatively low poverty rate and high health insurance coverage, suggests a stable and potentially growing housing market.

How does the demographic diversity of Central Islip impact its real estate market? +

The demographic diversity of Central Islip, with top ethnicities including Hispanic (30.8%), White (25.0%), and Black (13.5%) populations, contributes to a vibrant and potentially resilient real estate market. This diversity, coupled with a foreign-born rate of 24.5% and a median age of 33.2, suggests a dynamic community with a wide range of housing needs. The area's economic stability, as indicated by the median household income and low poverty rate, further supports the potential for a strong and diverse rental market.

What role do quality of life factors play in the investment potential of Central Islip? +

Quality of life factors, such as the average commute time of 27.2 minutes, health insurance coverage of 86.3%, and top occupations in Management and Service fields, play a significant role in the investment potential of Central Islip. These factors contribute to a high quality of life, which can attract and retain residents, thereby supporting housing demand and potentially increasing property values over time. The combination of these quality of life factors with the area's economic and demographic characteristics makes Central Islip an attractive location for real estate investment.

Central Islip NY Real Estate & City Facts

Key facts and real estate information about Central Islip NY.

What are some of the best neighborhoods to live in Central Islip? +

Some of the best neighborhoods to live in Central Islip include areas near the Central Islip Recreation Center, which features a baseball field, tennis courts, a swimming pool, and a playground. Other neighborhoods like the ones near Stargaze, Mysterious Forest of Commack Road, and Artemis Speakeasy are also popular. However, it's always a good idea to research and visit the areas in person to find the best fit for your needs and preferences.

What are some fun things to do in Central Islip? +

There are plenty of fun things to do in Central Islip, such as visiting the Long Island Photo Gallery, going to the beach, or exploring the Beaver Dam Park. You can also check out the High Ground Hike at Sunken Meadow State Park or attend events at the Central Islip Recreation Center. Additionally, there are several attractions and places to see around Central Islip, including Heckscher State Park Beach and the Main House at Connetquot River State Park Preserve.

What is the food scene like in Central Islip? +

The food scene in Central Islip is diverse and offers a range of options, from steakhouses like Insignia Prime Steak & Sushi and Tellers: An American Chophouse, to restaurants like Nosh Kitchen & Cocktails and Tango Argentinian Steakhouse. There are also plenty of great food trucks and casual eateries like the Galaxy Diner and the Island Cafe. You can find everything from Mediterranean and Turkish cuisine at Lezzet to Colombian food at Sabor A Colombia.

What are the pros and cons of living in Central Islip? +

The pros of living in Central Islip include its convenient location, with easy access to parks, beaches, and outdoor activities. The community also hosts various events and has a range of dining options. However, some cons include the potential for traffic and crowds, especially during peak season. Additionally, the area may have some noise pollution from the nearby highway and airport. It's essential to weigh these factors and consider what's important to you when deciding whether to live in Central Islip.

Is Central Islip a good place to live? +

Central Islip can be a great place to live, depending on your individual preferences and priorities. The area offers a unique blend of natural beauty, outdoor recreation, and community events, making it an attractive option for those who value these aspects. While it may have some drawbacks, such as traffic and noise pollution, the pros and cons should be carefully considered to determine if Central Islip is the right fit for you.

Central Islip, NY High Cap Rate Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

📊 Average Cap Rate For Central Islip NY Properties: 6.86%

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

📊 Avg Property Tax Rate For Central Islip NY Properties: 2.4000%

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

Investor Questions For Central Islip NY

Central Islip NY Real Estate & City Facts

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