529 Lake Ave
Saint James, NY 11780

Cushman & Wakefield has been retained on exclusive basis to arrange for the sale of the mixed-use building located at 529 Lake Avenue in Saint James, New York. The 5,050 SF property is currently comprised of 2 apartments and 2 retail units. 529 Lake Avenue has plentiful street parking as well as a rear parking lot for tenants and employees. Ownership has renovated and repositioned the retail and residential components of the property. The current retail tenants are Lorena’s Happy Tails and Mave’s Warehouse both of which have leases until 2024. The property is located just steps from the Saint James stop on the Long Island Rail Road and under a 10 minute drive to both Stony Brook University and the Smith Haven Mall. The mall has 140+ stores including major national retailers such as Apple, Banana Republic, Dick’s, H&M, Macy’s, Foot Locker and more. Saint James, New York is home to just under 20,000 residents with a median household income in 2015 of about $93,000 / year. About 9,000 cars pass by 529 Lake Avenue per day, and about 17,000 cars pass by the intersection of Lake Avenue and N Country Road per day.