Lake Grove, NY Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Lake Grove, New York Market population: 11K. Explore income-producing properties with verified cap rates...

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📊 Average Cap Rate For Lake Grove 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 Lake Grove NY Properties: 1.2900%

⭐ 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 Lake Grove NY

Common questions from investors exploring commercial real estate in Lake Grove NY.

What's the overall investment potential of Lake Grove, NY? +

The combination of a relatively low poverty rate of 6.7%, high health insurance coverage of 94.8%, and strong median household income of $92,229 suggests a stable market with good tenant quality, while the top industries in Finance & Insurance, and Real Estate & Rental & Leasing indicate a diverse economy.

How does the commute time impact the rental market in Lake Grove? +

The average commute time of 34.2 minutes, with a significant portion of residents driving alone or working from home, indicates a relatively convenient location, and when combined with the high health insurance rate of 94.8% and low poverty rate of 6.7%, it suggests a stable and attractive rental market.

What role does ethnic diversity play in the demand for real estate in Lake Grove? +

The ethnic diversity, with top ethnicities including White, White Non-Hispanic, and Hispanic, combined with the strong median property value of $379,300 and high homeownership rate of 81.6%, suggests a diverse and stable community with consistent demand for housing, driven by the top industries in Finance & Insurance, and Real Estate & Rental & Leasing.

How does the income inequality and poverty rate affect the real estate market in Lake Grove? +

The GINI coefficient of 0.416, indicating moderate income inequality, combined with a relatively low poverty rate of 6.7% and high median household income of $92,229, suggests a market with a strong and stable workforce, which is attractive for real estate investors, especially when considering the top industries and commute methods.

What are the key factors to consider when evaluating the stability of the real estate market in Lake Grove? +

The stability of the market can be evaluated by considering the combination of factors such as the low poverty rate of 6.7%, high health insurance coverage of 94.8%, strong median household income of $92,229, and diverse top industries, including Finance & Insurance, and Real Estate & Rental & Leasing, which together suggest a stable and attractive market for real estate investment.

Lake Grove NY Real Estate & City Facts

Key facts and real estate information about Lake Grove NY.

What are some of the best neighborhoods to live in Lake Grove? +

Some of the best neighborhoods to live in Lake Grove include areas near Middle County Road, which offers ample shops and restaurants, and neighborhoods close to Byldenburgh Park and Avalon nature preserve. According to Niche, Lake Grove is one of the best places to live in New York, with a peaceful and well-maintained environment.

What are some fun things to do in Lake Grove? +

There are plenty of fun things to do in Lake Grove, including visiting the Smith Haven Mall, exploring the Robert J. Henke Nature Preserve Passive Park, and checking out the Retro Relics store. You can also head to Urban Air Adventure & Trampoline Park for some indoor fun, or visit the nearby town of Oyster Bay for fishing and sailing activities.

What is the food scene like in Lake Grove? +

The food scene in Lake Grove is diverse and exciting, with a range of restaurants serving different cuisines. Some popular spots include Ford's Garage Smith Haven, Lake Grove Diner, and Miller's Ale House. You can also find great Italian food at Ragazzi Italian Kitchen & Bar, or try some sushi at Insignia Prime Steak & Sushi. There are also plenty of great food trucks and casual eateries in the area.

What are the pros and cons of living in Lake Grove? +

The pros of living in Lake Grove include its peaceful and well-maintained environment, ample shopping and dining options, and easy access to nearby parks and nature preserves. However, some cons include the potential for traffic and congestion on Middle County Road, and the need for a car to get around the area. Additionally, some residents may find the area to be a bit suburban and lacking in nightlife or entertainment options.

Is Lake Grove a good place to live? +

Overall, Lake Grove is a great place to live for those who value a peaceful and suburban environment, with easy access to shopping, dining, and outdoor activities. While it may not be the best fit for everyone, particularly those who prefer a more urban or lively atmosphere, it is a popular choice for families and individuals who want a relaxed and comfortable place to call home.

Lake Grove, NY Commercial Investment Properties for Sale

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

📊 Average Cap Rate For Lake Grove NY Properties: 6.86%

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

📊 Avg Property Tax Rate For Lake Grove NY Properties: 1.2900%

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

Investor Questions For Lake Grove NY

Lake Grove NY Real Estate & City Facts

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