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Mastic, NY Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Mastic, New York Market population: 17K. Browse multifamily, office, retail, industrial, and mixed-use investment...

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📊 Average Cap Rate For Mastic 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 Mastic NY Properties: 1.0800%

⭐ 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 Mastic NY

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

What's the overall investment potential of Mastic, NY, considering its demographics and economy? +
Mastic, NY, with a median household income of $70,195 and a relatively low poverty rate of 10.8%, presents a stable investment market, further bolstered by its diverse population, including White, White Non-Hispanic, and Hispanic communities, and a strong employment base in finance, insurance, and real estate, suggesting a robust demand for housing.
How does the commute time and health insurance coverage impact the quality of life for renters in Mastic, NY? +
The average commute time of 32.8 minutes in Mastic, NY, combined with a high health insurance coverage rate of 90.8%, indicates a good quality of life for renters, suggesting that they have access to stable employment and healthcare, which can lead to a more reliable tenant base for investors.
What role does ethnic diversity and top industries play in assessing market demand for real estate investments in Mastic, NY? +
The ethnic diversity in Mastic, NY, with top ethnicities including White, White Non-Hispanic, and Hispanic populations, alongside top industries such as finance, insurance, and real estate, suggests a dynamic market with a variety of housing needs, potentially offering investors a range of opportunities to cater to different demographic groups and employment sectors.
How do poverty rates and income inequality affect the stability of the rental market in Mastic, NY? +
Mastic, NY's poverty rate of 10.8% and a GINI coefficient of 0.392, indicating moderate income inequality, suggest that while there are challenges, the overall stability of the rental market is supported by a significant employed population of 7,897 and a high median household income, making it an attractive location for real estate investment.
What insights can be gleaned from the homeownership rate and median property value for investment strategies in Mastic, NY? +
With a homeownership rate of 80.0% and a median property value of $261,700, Mastic, NY, presents a market where homeownership is prevalent, but there is still potential for rental investments, especially considering the median property taxes are $4,149, which could impact cash flow but also suggests a well-funded local government, potentially benefiting property values and rental demand over time.

Mastic NY Real Estate & City Facts

Key facts and real estate information about Mastic NY.

What are some of the best neighborhoods to live in Mastic? +
Some of the best neighborhoods to live in Mastic, NY, are in the northwest parts of the city, such as Manor Park, where kids attend Eastport South Manor School District. Mastic Beach is also a peaceful, beachfront neighborhood with a friendly community and abundant wildlife.
What are some fun things to do in Mastic? +
There are plenty of fun things to do in Mastic, NY, such as visiting the William Floyd Estate, a historic site, or exploring the Wertheim National Wildlife Refuge. You can also enjoy the beautiful views at Bayview Park or take a taxi to nearby attractions.
What is the food scene like in Mastic? +
The food scene in Mastic, NY, offers a variety of options, including The Mastic Beach Restaurant & Bar, which serves tasty ceviche and tacos with a chill waterfront vibe. You can also find great steakhouses like Mike's Place Too or Stone House Grill, and Italian restaurants like Brooklyn Calzones in Mastic.
What are the pros and cons of living in Mastic? +
The pros of living in Mastic, NY, include its peaceful, beachfront neighborhoods, abundant wildlife, and friendly community. However, some areas like Bellport, Patchogue, Mastic, Shirley, and Moriches have been described as 'trash' by some reviewers, and the city has a relatively high poverty rate of 10.8% and an obesity rate of 27.5%.
Is Mastic a good place to live? +
Mastic, NY, can be a good place to live, depending on your preferences and priorities. It offers a peaceful, beachfront lifestyle with plenty of outdoor activities and a friendly community. However, it's essential to research and visit different neighborhoods to find the best fit for you, considering factors like safety, schools, and local amenities.
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