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North Bellport, NY High Income Commercial Investment Properties for Sale

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

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📊 Average Cap Rate For North Bellport 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 North Bellport NY Properties: 1.8900%

⭐ 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 North Bellport NY

Common questions from investors exploring commercial real estate in North Bellport NY.

What's the overall investment potential of North Bellport, NY? +
The combination of a $70,179 median household income, 16.7% poverty rate, and 90% health insurance coverage suggests a relatively stable market with opportunities for rental income, particularly given the diverse economy with top industries like Public Administration and Finance & Insurance. The 31.9-minute average commute time and high health insurance rate also indicate a reliable workforce. Additionally, the presence of 23.1% foreign-born residents and a mix of White, White Non-Hispanic, and Hispanic ethnicities contributes to a culturally diverse community.
How does the local economy impact real estate investment in North Bellport? +
With a median property value of $284,100 and median property taxes of $2,098, the local economy, driven by industries like Transportation & Warehousing and Utilities, supports a relatively high standard of living. The 0.396 GINI coefficient indicates some income inequality, but the 60.7% homeownership rate and $70,179 median household income suggest a sizable market for both rentals and property sales, especially considering the 23.1% foreign-born rate and ethnic diversity.
What are the key factors influencing rental yields in North Bellport? +
The 16.7% poverty rate, combined with 90% health insurance coverage, indicates a working-class demographic with access to employment opportunities, potentially stabilizing rental yields. The average commute time of 31.9 minutes, primarily by driving alone or carpooling, suggests convenient access to workplaces, which can attract reliable tenants. Furthermore, the diverse top industries, including Public Administration and Finance & Insurance, contribute to a robust job market.
How does the community's diversity and quality of life affect investment stability? +
North Bellport's diverse community, with 23.1% of residents being foreign-born and a mix of White, White Non-Hispanic, and Hispanic ethnicities, can contribute to a vibrant and resilient local economy. The 31.9-minute average commute time and 90% health insurance rate are quality-of-life metrics that suggest a stable and attractive environment for residents, which in turn can support long-term investment stability and potentially influence property appreciation.
What role do property values and taxes play in the investment decision for North Bellport? +
The median property value of $284,100 and median property taxes of $2,098 are critical factors in assessing the potential return on investment in North Bellport. Considering the 60.7% homeownership rate and the relatively high median household income of $70,179, there is a balance between property values, taxes, and the local economy's ability to support these costs, making it essential to weigh these factors against the potential for property appreciation and rental yields, especially in a diverse economic landscape with growing industries like Finance & Insurance and Real Estate & Rental & Leasing.

North Bellport NY Real Estate & City Facts

Key facts and real estate information about North Bellport NY.

What are some of the best neighborhoods to live in North Bellport? +
Some of the best neighborhoods to live in North Bellport include the south parts of the city, which tend to be more desired, while more affordable homes can be found in the northeast regions. Neighborhoods like Bellport Village are also popular for their clean environment and friendly community.
What are some fun things to do in North Bellport? +
There are plenty of fun things to do in North Bellport, such as visiting the Ho-hum Beach, attending a show at the Gateway Playhouse, or exploring the Long Island Aquarium. You can also stroll or bike around town, enjoy the bay and ocean beaches, or grab a bite to eat at one of the local restaurants.
What is the food scene like in North Bellport? +
The food scene in North Bellport is diverse and exciting, with a range of restaurants serving everything from seafood to French cuisine. Some popular spots include The Oar Steak & Seafood Grille, View, Drift 82, and La Plage Bistro. There are also plenty of great food trucks and casual eateries to try.
What are the pros and cons of living in North Bellport? +
The pros of living in North Bellport include its beautiful beaches, friendly community, and range of outdoor activities. However, some cons include the potential for high property prices and taxes, as well as the need for a car to get around. Overall, North Bellport is a great place to live for those who value a relaxed, small-town atmosphere and easy access to natural beauty.
Is North Bellport a good place to live? +
Yes, North Bellport is a good place to live for many people. It offers a unique blend of natural beauty, outdoor recreation, and small-town charm, making it an attractive option for families, retirees, and anyone looking for a relaxed pace of life. While it may not be the best fit for everyone, North Bellport is definitely worth considering for those who value a high quality of life and a strong sense of community.
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