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East Islip, NY Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in East Islip, New York Market population: 14K. Explore income-producing properties with verified cap rates...

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

⭐ Featured

190 Manhattan Ave, Buffalo, NY – Prime Multifamily Investment with 7.56% Cap Rate

$6,500,000
Buffalo Multifamily

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

Cap Rate 7.56%
NOI $491,400
Size 65,000 SF

📊 Avg Property Tax Rate For East 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

Investor Questions For East Islip NY

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

What's the overall investment potential of East Islip, NY? +
East Islip, NY offers a stable investment market with a median household income of $104,934, a relatively low poverty rate of 5.0%, and a high health insurance coverage rate of 97.2%, indicating a strong and secure tenant base. The top industries, including Public Administration and Finance & Insurance, also suggest a diverse economy. With a median property value of $404,400 and an average commute time of 34.8 minutes, the area provides a good balance of affordability and accessibility.
How does the local economy impact real estate investment in East Islip? +
The local economy in East Islip is driven by top industries such as Public Administration, Finance & Insurance, and Construction, which contributes to a median household income of $104,934 and an employed population of 6,694. This economic stability, combined with a low poverty rate of 5.0% and a high homeownership rate of 88.4%, suggests a strong demand for housing and a low risk of vacancy. Additionally, the area's ethnic diversity, with a mix of White, White Non-Hispanic, and Hispanic populations, can attract a wide range of tenants.
What are the key factors to consider when evaluating tenant quality in East Islip? +
When evaluating tenant quality in East Islip, consider the poverty rate of 5.0% and the health insurance coverage rate of 97.2%, which suggest a working-class market with access to employment opportunities and healthcare. The average commute time of 34.8 minutes and the top commute methods, including driving alone and working from home, also indicate a convenient and flexible lifestyle for tenants. Furthermore, the median age of 40.4 and the top ethnicities, including White and Hispanic populations, can provide insights into the demographics and preferences of potential tenants.
How does the housing market in East Islip impact investment potential? +
The housing market in East Islip is characterized by a median property value of $404,400 and a median property tax of $4,026, which can impact investment potential. However, the high homeownership rate of 88.4% and the relatively low poverty rate of 5.0% suggest a strong and stable housing market. The area's top industries, including Finance & Insurance and Real Estate & Rental & Leasing, also contribute to a diverse economy and a demand for housing. With an average commute time of 34.8 minutes and a range of commute methods, including public transit, the area provides a good balance of affordability and accessibility.
What are the implications of East Islip's demographic characteristics for real estate investment? +
East Islip's demographic characteristics, including a median age of 40.4 and a mix of White, White Non-Hispanic, and Hispanic populations, can provide insights into the preferences and needs of potential tenants. The area's high health insurance coverage rate of 97.2% and low poverty rate of 5.0% also suggest a stable and secure tenant base. Additionally, the top industries, including Public Administration and Construction, contribute to a diverse economy and a demand for housing. With a median household income of $104,934 and an average commute time of 34.8 minutes, the area offers a good balance of affordability and accessibility, making it an attractive location for real estate investment.

East Islip NY Real Estate & City Facts

Key facts and real estate information about East Islip NY.

What are some of the best neighborhoods to live in East Islip? +
Some of the best neighborhoods to live in East Islip include Timber Point, which is known for its clean streets and friendly atmosphere, and the west parts of the city, which tend to be more desirable and feature quiet streets and well-maintained homes. Other neighborhoods, such as those in the northeast regions, offer more affordable homes and a mix of residential and commercial areas.
What are some fun things to do in East Islip? +
There are plenty of fun things to do in East Islip, including visiting the Brookwood Hall, which is a beautiful old mansion that is now an art museum, and exploring the Knapp Lake. You can also visit the Heckscher State Park, which offers a beach, picnic tables, a playground, and a disc golf course. Additionally, the Islip Art Museum is a great attraction for anyone in the area, and the CAPTREE STATE PARK is another popular spot for outdoor activities.
What is the food scene like in East Islip? +
The food scene in East Islip is diverse and delicious, with a range of options to suit every taste. Some highly-recommended restaurants include Il Piccolo Villaggio Ristorante, which offers exquisite Italian cuisine, and Jackson Hall, which is known for its upscale dining experience. There are also plenty of great food trucks and casual eateries, such as COVO Italian Steakhouse and The Chas, which offer a more laid-back atmosphere and a variety of menu options.
What are the pros and cons of living in East Islip? +
The pros of living in East Islip include its beautiful neighborhoods, such as Timber Point, and its range of outdoor recreational activities, such as hiking and biking. The city also has a strong sense of community, with many family-friendly events and activities throughout the year. However, some cons of living in East Islip include its relatively high cost of living, particularly when it comes to housing, and its limited public transportation options. Additionally, some areas of the city can be quite crowded and traffic-heavy, particularly during rush hour.
Is East Islip a good place to live? +
Overall, East Islip is a great place to live, with its beautiful neighborhoods, range of outdoor recreational activities, and strong sense of community. While it may have some drawbacks, such as a high cost of living and limited public transportation options, the city offers a unique and desirable quality of life that makes it an attractive choice for many people. With its mix of residential and commercial areas, East Islip is a great option for families, young professionals, and anyone looking for a vibrant and dynamic community to call home.
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