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Port Washington, NY High Income Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Port Washington, New York Market population: 16K. Compare commercial properties across all major asset...

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📊 Average Cap Rate For Port Washington 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 Port Washington NY Properties: 1.9200%

⭐ 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 Port Washington NY

Common questions from investors exploring commercial real estate in Port Washington NY.

What is the overall investment potential of Port Washington, NY? +
With a median household income of $115,521 and a relatively low poverty rate of 4.1%, Port Washington presents a stable investment market, further supported by its high health insurance coverage rate of 95.3% and diverse economy led by finance, insurance, and real estate industries.
How does the demographic diversity of Port Washington impact its real estate market? +
The city's ethnic diversity, with top ethnicities including White (42.6%), White Non-Hispanic (39.2%), and Hispanic (7.3%), combined with a foreign-born rate of 24.5%, suggests a culturally rich and potentially resilient market, especially considering the strong presence of professional and management services among its top industries.
What are the key factors influencing the quality of life for residents and, by extension, real estate investors in Port Washington? +
The average commute time of 38 minutes, although somewhat lengthy, is mitigated by the availability of public transit and a significant portion of the population working from home, indicating a flexible and adaptable workforce; this, coupled with a high health insurance coverage rate, points to a stable and attractive environment for both residents and investors.
How do economic indicators such as income inequality and employment rates affect the real estate investment landscape in Port Washington? +
The GINI coefficient of 0.483 suggests a moderate level of income inequality, but when considered alongside the high median household income of $115,521 and an employed population of 7,406, it indicates a robust economy with opportunities for real estate growth, particularly in sectors catering to the finance, insurance, and professional services industries.
What role do housing market factors, such as property values and homeownership rates, play in assessing Port Washington as an investment destination? +
With a median property value of $711,800 and a homeownership rate of 74.6%, Port Washington's housing market appears stable and potentially lucrative for investors, especially when combined with its low poverty rate of 4.1% and high health insurance coverage of 95.3%, suggesting a market with reliable tenants and a strong potential for property appreciation.

Port Washington NY Real Estate & City Facts

Key facts and real estate information about Port Washington NY.

What are some of the best neighborhoods to live in Port Washington? +
Some of the best neighborhoods to live in Port Washington include Manorhaven, which is known for its beautiful bay and beach, and Bayside, which offers easier parking and a shorter commute. Other desirable areas tend to be in the south parts of the city, while more affordable homes are in the east regions.
What are some fun things to do in Port Washington? +
There are plenty of fun things to do in Port Washington, such as visiting the Sands Point Preserve, North Hempstead Beach Park, and taking a water taxi tour of Manhasset Bay. You can also explore the charming Main Street, which features shops, restaurants, and cafes.
What is the food scene like in Port Washington? +
The food scene in Port Washington is vibrant and diverse, with top-rated restaurants like The Wild Goose, Bosphorus Cafe Grill, and La P'tite Framboise. You can also find great seafood at Louie's Prime Steak & Seafood, and enjoy pastries at Saint Honoré Pastry. There are also plenty of great food trucks and casual eateries to try.
What are the pros and cons of living in Port Washington? +
The pros of living in Port Washington include its beautiful waterfront, charming Main Street, and easy access to New York City. However, some cons include the high cost of living, traffic, and limited parking in some areas. Additionally, the city can be quite crowded during peak season, but overall, it's a great place to live for those who value its unique character and amenities.
Is Port Washington a good place to live? +
Overall, Port Washington is a great place to live, offering a unique blend of small-town charm and big-city amenities. While it may have its drawbacks, the city's beautiful waterfront, vibrant food scene, and easy access to New York City make it an attractive option for those looking to relocate to the area. With its strong sense of community and plenty of things to see and do, Port Washington is definitely worth considering as a place to call home.
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