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East Shoreham, NY Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in East Shoreham, New York Market population: 6K. Compare commercial properties across all major asset...

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📊 Average Cap Rate For East Shoreham 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 Shoreham NY Properties: 2.4200%

⭐ 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 Shoreham NY

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

What's the overall investment outlook for East Shoreham, NY? +
The combination of a high median household income of $124,615, low poverty rate of 3.1%, and excellent health insurance coverage of 97.6% suggests a stable and desirable market for real estate investment, with a strong potential for rental income and property appreciation.
How does the local economy impact real estate demand? +
The top industries in East Shoreham, including Public Administration, Finance & Insurance, and Real Estate & Rental & Leasing, contribute to a diverse and stable economy, which, combined with a high employment rate and low poverty rate, indicates a strong demand for housing and a favorable market for investors.
What's the quality of life like for residents, and how does it affect property values? +
The average commute time of 32.1 minutes, with many residents driving alone or working from home, and the high health insurance coverage rate of 97.6%, suggest a good quality of life, which can contribute to higher property values and a more stable rental market, making East Shoreham an attractive location for real estate investment.
How does the demographic makeup of East Shoreham impact the real estate market? +
The ethnic diversity, with a majority of White and White Non-Hispanic residents, and a significant Hispanic population, combined with a high median age of 39.7 and a high median household income, indicates a stable and family-oriented community, which can lead to a strong demand for single-family homes and a favorable market for long-term investments.
What are the key factors to consider when evaluating the potential for property appreciation in East Shoreham? +
The low poverty rate of 3.1%, high homeownership rate of 94.7%, and relatively low income inequality, as indicated by a GINI coefficient of 0.29, suggest a stable and desirable community, which, combined with a high median property value of $434,000 and a strong local economy, indicates a potential for long-term property appreciation and a favorable market for real estate investment.

East Shoreham NY Real Estate & City Facts

Key facts and real estate information about East Shoreham NY.

What are some of the best neighborhoods to live in East Shoreham? +
Some of the best neighborhoods to live in East Shoreham include the central parts of the city, which tend to be more desired, and the northeast regions, which are more affordable. According to Niche, East Shoreham has a overall Niche Grade and is known for its beautiful beach and abundant nature. Additionally, neighborhoods like the ones mentioned on Bestneighborhood.org and Nextdoor are also popular among residents.
What are some fun things to do in East Shoreham? +
There are plenty of fun things to do in East Shoreham, such as visiting the Sea Star Ballroom, a waterfront event space, or exploring the Tesla's Wardenclyffe Laboratory. You can also check out the Shoreham Nuclear Power Plant, or visit the Mount Sinai Harbor, which holds a marine sanctuary and a nature preserve. According to Atlas Obscura, these are some of the cool and unusual things to do in Shoreham.
What is the food scene like in East Shoreham? +
The food scene in East Shoreham is diverse, with plenty of great restaurants to choose from. Some popular options include Spiro's Restaurant, Greek Island Diner, Sunrise Diner, and Zona Out East. You can also find great sushi at Tony's Sushi Japanese & Chinese Restaurant, or try some fresh seafood at the PJ Lobster House. There are also plenty of great food trucks and cafes in the area, such as Tate's Bake Shop.
What are the pros and cons of living in East Shoreham? +
The pros of living in East Shoreham include its beautiful beach, abundant nature, and peaceful atmosphere. However, some cons include the high cost of living, with a median property value of $434,000, and a median household income of $124,615. Additionally, the area can be quite affluent, which may make it difficult for those on a budget to find affordable housing or activities. According to Data USA, the poverty rate is 3.1%, and the homeownership rate is 94.7%, which may indicate a lack of affordable housing options.
Is East Shoreham a good place to live? +
East Shoreham can be a great place to live for those who value a peaceful and natural atmosphere, and are willing and able to pay a premium for it. The area has a lot to offer, from its beautiful beach to its diverse food scene, and its proximity to other popular destinations on Long Island. However, it may not be the best fit for everyone, particularly those on a budget or looking for a more urban lifestyle. Ultimately, whether or not East Shoreham is a good place to live depends on your individual priorities and preferences.
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