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Syosset, NY Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Syosset, New York Market population: 19K. Compare commercial properties across all major asset classes...

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📊 Average Cap Rate For Syosset 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 Syosset NY Properties: 2.2400%

⭐ 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 Syosset NY

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

What's the overall investment potential of Syosset, NY, considering its demographics and economy? +
Syosset, NY, with a median household income of $133,355 and a low poverty rate of 3.8%, presents a stable investment market, further strengthened by its diverse economy, led by finance, insurance, and real estate, which suggests a robust demand for housing. The high health insurance coverage rate of 97.6% and relatively low income inequality, as indicated by a GINI coefficient of 0.431, also point to a market with stable employment and good quality of life. This stability, combined with a high homeownership rate of 91.5%, indicates a strong and reliable local real estate market.
How does the ethnic diversity and industry mix in Syosset impact real estate investment? +
The ethnic diversity in Syosset, with a mix of White, White Non-Hispanic, and Asian populations, contributes to a vibrant community, which can attract a wide range of tenants and buyers, thereby supporting property values. The top industries, including finance, insurance, and professional services, not only provide a stable source of employment but also attract high-income professionals, which can drive up demand for quality housing and potentially increase rental yields and property appreciation. This diverse economic base, coupled with a low poverty rate of 3.8% and high health insurance coverage of 97.6%, suggests a resilient market with good potential for long-term growth.
What role does commute time and method play in assessing the stability of the Syosset real estate market? +
The average commute time of 38.8 minutes in Syosset, while somewhat lengthy, is mitigated by the variety of commute methods available, including driving, working from home, and public transit, which offers flexibility and convenience for residents. This flexibility, combined with the area's low poverty rate of 3.8% and high median household income of $133,355, suggests that residents have the means to afford commuting costs, contributing to a stable and reliable tenant base for investors. Furthermore, the high health insurance rate of 97.6% indicates a population with access to healthcare, potentially leading to a more stable workforce and community.
How do property values and taxes in Syosset, NY, influence real estate investment decisions? +
The median property value of $602,500 and median property taxes of $5,690 in Syosset, NY, indicate a high-value market with significant property tax liabilities. However, when considered alongside the area's high median household income of $133,355, low poverty rate of 3.8%, and diverse economy, these factors suggest that the local population has the income to support these housing costs, making investments in this area potentially lucrative, especially for those targeting high-end rentals or resales. The ethnic diversity, with a significant presence of White, White Non-Hispanic, and Asian populations, also supports a vibrant and attractive community for potential buyers and tenants.
What insights can be gleaned from Syosset's health insurance coverage and its implications for real estate investment? +
The high health insurance coverage rate of 97.6% in Syosset suggests a population with access to healthcare, which can lead to a more stable and productive workforce. When combined with the area's low poverty rate of 3.8% and high median household income of $133,355, this indicates a market with strong employment stability and potential for long-term growth. The diversity of the population, including significant White, White Non-Hispanic, and Asian communities, further enhances the attractiveness of the area for both residents and investors, as it points to a dynamic and inclusive community that can support a wide range of real estate investment strategies.

Syosset NY Real Estate & City Facts

Key facts and real estate information about Syosset NY.

What are some of the best neighborhoods to live in Syosset? +
Syosset has several great neighborhoods to live in, but I couldn't find specific information on the best ones. However, the area is known for its high median property value and low poverty rate, indicating a desirable living environment.
What are some fun things to do in Syosset? +
There are plenty of fun things to do in Syosset, such as visiting the Cultural Arts Playhouse, playing sports at the Long Island Sports Hub, or exploring the nearby Muttontown Preserve. You can also check out the Long Island Aquarium or attend events like the Oyster Festival in October.
What is the food scene like in Syosset? +
Syosset has a vibrant food scene with a variety of restaurants to choose from, including Italian places like Chris & Tony's Restaurant and Cafe Testarossa, as well as other options like Jiang Nan for Chinese cuisine and Floras Pizza Cafe for Italian food. There are also plenty of great food trucks and cafes in the area.
What are the pros and cons of living in Syosset? +
The pros of living in Syosset include its high median household income, low poverty rate, and excellent schools. However, the area also has a high median property value and property taxes, which can be a challenge for some residents. Additionally, the commute time can be lengthy, with an average commute time of 38.8 minutes.
Is Syosset a good place to live? +
Overall, Syosset seems to be a great place to live, with its strong economy, excellent schools, and low poverty rate. While it may have some drawbacks like high property taxes and commute times, the area's many amenities and attractions make it an attractive option for those looking to live on Long Island.
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