27 Bayles AvePort Washington, NY 11050

This exceptional two-unit office building at 27 S Bayles Ave, Port Washington, NY 11050, presents a compelling investment opportunity. The 1,936 square foot property, built in 1906 and situated on a 5,000 square foot lot, is currently 100% occupied with two tenants under a gross lease. One unit is a dentist office with a six-year lease, and the other is a lab with a five-year lease, ensuring immediate and consistent cash flow. The building boasts a strong net operating income (NOI) of $86,512, translating to a 6.41% cap rate. Recent improvements include a new roof (2013) and new HVAC systems for both floors (2017). Annual property taxes are $17,000, and insurance is $3,000. The building offers six parking spaces and is zoned for commercial use. Priced at $1,350,000 ($697.31/sq ft and $675,000 per unit), this Class B property provides a rare chance to acquire a stable, income-producing asset in a desirable location. The existing tenants are willing to remain post-sale, minimizing vacancy risk and maximizing return on investment. This is an ideal opportunity for investors seeking a steady income stream and long-term growth potential in the thriving Port Washington market.