Massapequa Park, NY Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Massapequa Park, New York Market population: 17K. Compare commercial properties across all major asset...

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📊 Average Cap Rate For Massapequa Park 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 Massapequa Park NY Properties: 2.5200%

⭐ 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 Massapequa Park NY

Common questions from investors exploring commercial real estate in Massapequa Park NY.

What's the overall investment outlook for Massapequa Park, NY? +

With a median household income of $109,324 and a relatively low poverty rate of 2.9%, Massapequa Park presents a stable investment market, further supported by its high health insurance coverage rate of 97.2% and a strong employment base in industries like Information and Finance & Insurance.

How does the local economy impact rental demand? +

The top industries in Massapequa Park, including Professional, Scientific, & Management, and Administrative & Waste Management Services, drive a stable workforce, which, combined with the area's low poverty rate and high median household income, suggests a strong demand for rentals, particularly from the 14.5% of the population that is foreign-born and may prefer renting.

What are the key factors influencing property values in Massapequa Park? +

The median property value of $447,300 is influenced by factors such as the high homeownership rate of 97.8%, indicating a desirable area to live, and the relatively low GINI coefficient of 0.372, suggesting income equality, which, along with the average commute time of 36.5 minutes, contributes to the area's attractiveness and thus its property values.

How does the commute and transportation infrastructure affect the quality of life for residents? +

The average commute time of 36.5 minutes, with a significant portion of residents driving alone or working from home, and a notable use of public transit, indicates a well-structured transportation system, enhancing the quality of life for residents and making the area more appealing for investment, especially considering the high health insurance coverage rate of 97.2% which suggests access to good healthcare.

What role does ethnic diversity play in the market demand for real estate in Massapequa Park? +

The ethnic diversity, with top ethnicities being White, White Non-Hispanic, and Hispanic, contributes to a vibrant community, which, combined with the low poverty rate of 2.9% and high median household income of $109,324, suggests a market with stable demand for real estate, driven by a diverse but economically stable population with a high homeownership rate of 97.8%.

Massapequa Park NY Real Estate & City Facts

Key facts and real estate information about Massapequa Park NY.

What are some of the best neighborhoods to live in Massapequa Park? +

Some of the best neighborhoods to live in Massapequa Park include the northeast parts of the city, which tend to be more desired, and the south regions, which offer more affordable homes. Neighborhoods like Massapequa Park and East Massapequa are known for their stability and family-friendly atmosphere.

What are some fun things to do in Massapequa Park? +

There are plenty of fun things to do in Massapequa Park, including visiting the Massapequa Preserve, playing sports at Burns Park, and shopping at the local jewelry store, Busy Bee Jewelry. You can also explore the city's parks and nature attractions, such as the Massapequa Bowl.

What is the food scene like in Massapequa Park? +

The food scene in Massapequa Park is vibrant and diverse, with a range of restaurants to choose from, including Bacaro, Ephesus Mediteranian & Turkish Cuisine, and Smokin' Al's Famous BBQ Joint. You can also find Italian cuisine at Mercato Kitchen & Cocktails and enjoy a meal at The Good Life Restaurant.

What are the pros and cons of living in Massapequa Park? +

The pros of living in Massapequa Park include its peaceful and well-maintained neighborhoods, family-friendly atmosphere, and convenient location. However, some cons include the potential for high property taxes and the need for a car to get around the city. Overall, Massapequa Park is a great place to live for those who value a safe and stable community.

Is Massapequa Park a good place to live? +

Yes, Massapequa Park is a good place to live, offering a unique blend of small-town charm and big-city amenities. With its strong sense of community, excellent schools, and convenient location, Massapequa Park is an ideal choice for families, young professionals, and retirees alike. While it may have some drawbacks, the city's pros outweigh its cons, making it a great place to call home.