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Freeport, NY Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Freeport, New York Market population: 43K. Explore income-producing properties with verified cap rates and...

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📊 Average Cap Rate For Freeport 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 Freeport NY Properties: 1.9600%

⭐ 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 Freeport NY

Common questions from investors exploring commercial real estate in Freeport NY.

What is the overall investment potential of Freeport, NY, considering its demographic and economic factors? +
Freeport, NY, with a population of 43,348 and a median age of 38.4, presents a stable investment market, given its median household income of $71,019 and a relatively low poverty rate of 9.8%, which is further supported by a high health insurance coverage rate of 90.2%, indicating a reliable tenant base.
How does the ethnic diversity and industry mix in Freeport impact the demand for real estate investments? +
The city's diverse ethnic makeup, with top ethnicities being Hispanic (27.1%), White (22.1%), and Black (20.3%), alongside its strong industries in Healthcare & Social Assistance, Retail Trade, and Educational Services, suggests a robust and varied demand for housing, making it an attractive location for real estate investments.
What are the key factors that influence the quality of life in Freeport, NY, and how do they affect real estate investment? +
The average commute time of 32.1 minutes, with a significant portion of the population using public transit (13.4%), and a high health insurance coverage rate of 90.2%, contribute to a good quality of life, which in turn, can lead to a more stable and attractive rental market, benefiting real estate investors.
How does the housing market in Freeport, NY, compare to other areas in terms of property values, taxes, and homeownership rates? +
With a median property value of $343,400 and median property taxes of $9,415, Freeport's housing market offers a balance of affordability and investment potential, especially considering its high homeownership rate of 69.1%, which can indicate a strong sense of community and lower vacancy rates for rental properties.
What insights can be gleaned from the economic indicators such as the GINI coefficient and employment population for real estate investment in Freeport? +
The GINI coefficient of 0.439, which measures income inequality, combined with an employed population of 21,419 and a median household income of $71,019, suggests that while there is some income inequality, the overall economic stability and employment rates can support a healthy rental market, making Freeport a viable option for real estate investors seeking balanced risk and return.

Freeport NY Real Estate & City Facts

Key facts and real estate information about Freeport NY.

What are some of the best neighborhoods to live in Freeport? +
Some of the best neighborhoods to live in Freeport include Cow Harbor and Grown, which are known for their affordability and family-friendly atmosphere. Additionally, neighborhoods like Strathmore in nearby Manhasset are also popular for their peaceful and welcoming community.
What are some fun things to do in Freeport? +
Freeport has a lot to offer, including a visit to the famous Nautical Mile, which has plenty of restaurants, shopping, and miniature golf. You can also check out the Nassau County Strawberry Festival, Cow Meadow Park and Preserve, and take a cruise with Capt Lou Fleet. For some sightseeing, take a tour of New York in One Day Guided Sightseeing Tour or visit the Chinatown & Little Italy Food Tour with 7 Flavorful Tastings.
What is the food scene like in Freeport? +
The food scene in Freeport is vibrant, with a variety of restaurants to choose from, including Pier 95 Restaurant - Marina, Imperial Diner, Nautilus Cafe, Off The Hook Raw Bar & Grill, and Jerk On The Water. There are also plenty of great food trucks and casual eateries along the Nautical Mile. For a more upscale experience, try Viaggio Italian Chophouse or Mesita in nearby Garden City.
What are the pros and cons of living in Freeport? +
The pros of living in Freeport include its low taxes, high employment rates, low cost of living, safety, and excellent healthcare and education systems. However, some cons include the potential for crowded areas and traffic, especially during peak season. Additionally, some residents may find the summer months to be busy with tourists, but this can also be a benefit for local businesses.
Is Freeport a good place to live? +
Overall, Freeport is a great place to live, offering a unique blend of small-town charm and access to big-city amenities. With its beautiful parks, vibrant food scene, and rich community events, Freeport is an excellent choice for families, young professionals, and retirees alike. While it may have its drawbacks, the pros of living in Freeport far outweigh the cons, making it a wonderful place to call home.
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