NEW PRESTIGIOUS DEVELOPMENT OPPORTUNITY
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1 Apartments 2 nd 3rd Floors Rooftop Deck Retail (the Barn on 2 floors) Retail (Ground-Floor) Architectural Rendering PRIME RETAIL SPACE AVAILABLE AT LUMBER ROAD, ROSLYN, NY NEW PRESTIGIOUS DEVELOPMENT OPPORTUNITY Property: A 1.5 acre waterfront property, mixed use building with 23,878 sq. ft of retail space and 20 residential rental units Commercial Space: Rent: Parking: Contact: Barn Space: 9,455 sq. ft. (2 floors) Space 2: 8,325 sq. ft. (ground floor) Space 3: 3,099 sq. ft. (ground floor) Space 4: 2,044 sq. ft. (ground floor) Space 5: 955 sq. ft. (ground floor) Total: 23,878 sq. ft $38 per sq. ft./gross Space delivered vanilla box condition: A/C ducts terminate at the space and electric panel supplied 45 spaces. Lumber Road adjoins a municipal parking lot with 39 spaces Michael G. Murphy, Lic. Assoc. R.E. Broker Executive Vice President Douglas Elliman Real Estate Commercial Services Phone: Michael.murphy@elliman.com Timing: Groundbreaking: January, 2015 Construction: 14 months C of O: March, 2016 Occupancy: March,
2 Background: Originally developed in 1918 (most recently the Nassau Suffolk Lumber Yard), Lumber Realty purchased this site several years ago. Two of the three buildings will be demolished, and the Barn will be renovated. Permits have been approved. As part of its public benefits package for Roslyn village, Lumber Realty will create a waterfront boardwalk area by the Hempstead Harbor canal (Mill Creek), provide land for municipal parking, and put money toward Roslyn s parking trust fund. Rental Apartments: 18 Two Bedroom/2 bath units (floors 2 & 3) -Rents: Fees to be determined closer to roll-out -Sizes: 1,300-1,400 sq. ft. (7 units per floor) -Sizes: 1,426-1,446 sq. ft. (2 units per floor) 2 One Bedroom/1 bath units (floors 2 & 3) -Rents: Fees to be determined closer to roll-out -Sizes: 1,070-1,021 sq. ft. (1 unit per floor) Amenities: -Rooftop Deck -Gym w/cardio & Weights -Waterfront Boardwalk -All units include washer/dryers, gas heat & CAC (w/thermostats in each unit), hardwood floors, granite countertops, stainless steel appliances, swipe card security, elevator, entry foyer, ground-floor storage. Parking: 20 parking spaces (1 per unit) Lumber Road adjoins a municipal parking lot with 39 spaces. Contact: Peter Crifo Licensed Real Estate Salesperson Douglas Elliman Real Estate Cell Phone peter.crifo@elliman.com 2
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4 Hempstead Harbor Hempstead Harbor Waterfront Promenade (dotted line) Village Waterfront Park Roslyn Landing Development Lumber Rd. Development 7 Lumber Rd Development Waterfront Promenade (dotted line) Village Center Gerry Park 4
5 About Roslyn Roslyn is an affluent Nassau County suburb in the Town of North Hempstead (TONH). Renowned for its many restored 17 th and 18 th century historic homes; the pre-colonial Harbor Village is located on the tidal mudflats at the head of Hempstead Harbor. Roslyn maintains its small-town look and feel offset by upscale restaurants, boutiques, banks, post office, local businesses, Village government offices and commercial properties. The Roslyn School district is top-rated and is a compelling reason families are drawn to the area in addition to proximity to the Long Island Expressway, Northern State Parkway, Long Island Railroad, Beaches, Golf and Clubs. Roslyn Village Waterfront Development As modes of transportation changed in the 20 th century and the population increased the decline of Roslyn s waterfront left large tracts of underutilized land, spurring a series of development proposals Lumber Road and the Roslyn Landing (condo development) are two waterfront projects poised to move forward. Both developers will create waterfront public promenades that tie into the Waterfront Enhancement Strategy for the Village which focuses on natural resource enhancement, recreation and links to existing neighborhoods and the village center. As part of the plan, Roslyn Village will also construct an estimated 2-acre waterfront public park. The Waterfront Development plan creates a framework for the Village that prioritizes the value of the historic Main Street and public connection to the waterfront (see Map). 5
6 Roslyn Today The Village is currently in a stage of revitalization with several high-profile public and privately funded projects scheduled. In addition to the waterfront strategy outlined above, the 16-acre Gerry Park (right) will undergo an estimated $9,000,000 overhaul. Last October, the Roslyn Landmark Society and the Town of North Hempstead unveiled the restored 100 year-old Mackay Horse Statue in the Park adding a new historic icon to the Village landscape. The Roslyn Landmark Society is now in preliminary planning to restore the Robeson- Williams Grist Mill (circa 1736), an icon of the Roslyn streetscape. The Grist Mill can be seen from Lumber Road; its renovation will add to the visual scope, further enhance the town s historic appeal as a destination spot. A proposed traffic turnaround will allow for better traffic flow (projected completion 3-5 yrs). While many local businesses thrive, increased rents coupled with traffic and parking has forced tenants to vacate the area. Construction on the Roslyn Viaduct is projected to be complete by years end. The vital east-west connection over Hempstead Harbor will provide more efficient traffic flow in and around the Village. Roslyn Traffic Study of Annual Average Daily Traffic Main Street to W. Shore Rd: 18,909 cars Route 25A (betwn. W. Shore Rd. & Glen Cove Rd): 34,088 cars Data Courtesy of New York State Department of Transportation, Traffic Count Hourly Report. Study Conducted 7/20/11 and 4/4/11 Roslyn: In Summary In combination with the Gerry Park improvements, Grist Mill renovation, increased parking and better traffic flow, Waterfront Enhancement Plan and two new development projects, Roslyn is poised to become an even more attractive destination for visitors and locals. 6
7 Demographics of Roslyn and Surrounding Areas (by Zip Code) (Data According to the 2010 Census & American Community Survey, The affluence of Roslyn and the surrounding areas are ranked within New York s top zip codes. Each area has a majority of households earning $200,000+ per year. With their disposable income, they are buying luxury cars, living in million-dollar homes/condos, eating in restaurants and shopping for national and international brands (Americana), in addition to purchasing basic household goods. Roslyn (zip code11576) data also comprises the Village, East Hills, Roslyn Estates, Roslyn Harbor, Flower Hill and parts of Greenvale population is 12,366, with a majority aged 50-54, are male 48.7%, and female 51.3%, 80.7% are white, 15% are Asian. A majority has households with children (71.9%), 90.1% own and occupies their homes. A majority earn $200,000+ per year (40.3%) and 68% earn $100,000+ per year. Manhasset (zip code 11030) data also comprises of Munsey Park, Strathmore, Plandome, Plandome Manor, Flower Hill and North Hills. Population is 17,962, with a majority aged between 45-49, are male 47.8% and female 52.2%, 83.9% are white, 12% are Asian. A majority has households with children (79.4%), 87% own and occupies their homes. A majority earn $200,000+ per year (28.3%) and 54.8% earn $100,000+ per year. Brookville (zip code 11545) data also comprises Old Brookville, Upper Brookville and parts of Glen Head and Muttontown. Population is 12,065, with a majority aged between are male 48.3% and female 51.7%, 89% are white, 6.7% are Asian. A majority has households with children (82%), 90.1% own and occupies their homes. A majority earn $200,000+ per year (38.5%) and 65.6% earn $100,000 per year. Old Westbury (zip code 11568) population is 4,555, with a majority aged between are male 48.5 and female 51.5%, 68.3% are white, 16.1% are Asian and 9.6% are African Americans. A majority has households with children (84.4%), 91.2% own and occupies their homes. A majority earn $200,000+ per year (50.1%) and 77.3% earn $100,000 per year. 7
8 What the Affluent Are Purchasing/Retail Sales Volume (by distance from Roslyn) Data from Loopnet, Mile 3 Miles 5 Miles 2013 Childrens/Infants clothing stores $930,517 $8,394,768 $29,156, Jewelry stores $598,446 $8,499,988 $27,554, Mens clothing stores $1,030,159 $10,165,778 $33,786, Shoe stores $1,167,987 $10,396,084 $35,240, Womens clothing stores $1,953,766 $14,948,103 $51,984, Automobile dealers $9,377,339 $72,048,610 $269,948, Automotive parts and accessories $2,349,849 $18,056,709 $67,977, Other motor vehicle dealers $388,854 $5,012,431 $18,454, Tire dealers $1,051,466 $8,831,313 $32,418, Hardware stores $15,775 $126,492 $476, Home centers $234,084 $1,722,488 $6,269, Nursery and garden centers $308,635 $2,289,088 $8,263, Outdoor power equipment stores $368,230 $4,557,150 $14,438, Paint and wallpaper stores $23,637 $162,737 $594, Appliance, television, electronics stores $1,844,235 $16,480,696 $57,149, Camera/photographic supplies stores $155,935 $1,400,634 $5,344, Computer and software stores $4,097,349 $32,979,438 $120,302, Beer, wine, and liquor stores $744,895 $6,825,187 $24,233, Convenience stores $3,490,323 $29,859,043 $104,835, Restaurant Expenditures $3,557,454 $31,620,674 $112,642, Supermarkets and other grocery $12,219,741 $99,103,243 $352,543, Furniture stores $957,076 $9,460,542 $34,336, Home furnishings stores $3,109,922 $28,378,796 $99,090, General merchandise stores $16,444,787 $146,671,685 $511,532, Gasoline stations w/convenience stores $10,025,140 $82,142,783 $295,207, Other gasoline stations $6,942,133 $55,574,562 $202,290, Department stores (ex. leased depts) $15,846,340 $138,171,697 $483,978, Other health and personal care stores $1,036,188 $8,223,097 $30,043, Pharmacies and drug stores $3,374,154 $27,103,143 $96,906, Pet and pet supplies stores $952,330 $7,430,124 $27,278, Book, periodical, and music stores $255,996 $2,056,236 $7,468, Hobby, toy, and game stores $349,050 $3,915,937 $12,954, Musical instrument and supplies stores $144,147 $855,044 $2,641,986 8
9 2013 Sewing, needlework, and piece goods $129,286 $1,208,472 $4,224, Sporting goods stores $286,025 $2,744,332 $9,787,834 Where the Affluent Are Spending Their Disposable Income Roslyn Village On Old Northern Boulevard you will find a collection of boutiques, restaurants, banks, small businesses, post office, local gov t Harborview Shoppes in Roslyn Village Douglas Elliman Real Estate Besito Restaurant Kotobuki Restaurant Red Hots Hair Styles by Sorell Vita Ageless Spa Associated Podiatry of Roslyn Enterprise Rent a Car Little Princess Parties Pergament Investments Integrated Fitness Solutions Red Hots Hair Styles by Sorell Fratelli's Marketplace Roslyn Clock Tower Plaza A strip center of 1 st floor boutiques and 2 nd floor offices Waterfront at Roslyn 44,000 sq. ft. mixed use building w/full-service gym, learning center, Music Zoo, Haute Durvo event space, offices (2 nd floor) A me r i cana Manhasset Agent Provocateur - Winter 2014 Alice + Olivia Anne Fontaine Bluemercury Bottega Veneta Brooks Brothers Brunello Cucinelli Burberry CALYPSO ST. BARTH -SPRING 2015 Cartier CH Carolina Herrera Chanel Chanel Fine Jewelry CHRISTIAN LOUBOUTIN -FALL 2014 Cipollini Pronto Caffe Cipollini Trattoria & Bar Coach Coach Temporary Location Concierge Store David Yurman Dior Donna Karan New York Ermenegildo Zegna Etro 9
10 A me r i cana Manhasset - co nt d Fendi Giorgio Armani Gucci Hermès Hirshleifers Hirshleifers Shoe Salon HSBC Bank Hugo Boss Ilori Intermix J. Mendel at Hirshleifers J.Crew Jimmy Choo at Hirshleifers Lacoste Leggiadro London Jewelers London Jewelers Watch Salon Loro Piana Louis Vuitton Max Mara The Gate in Manhasset Crate & Barrel Urban Outfitters Lululemon White House Black Market Athleta Abercrombie & Fitch The Gap Sephora Mens Market at Hirshleifers Michael Kors Morgenthal Frederics Prada Rag & Bone - Fall 2014 Ralph Lauren Salvatore Ferragamo Sneakerology Americana (conti d) St. John Theory Tiffany & Co. Toku Modern Asian Restaurant Tom Ford Tory Burch TWO by London Van Cleef & Arpels Vilebrequin Vince Vince Camuto Wolford Vineyard Vines Manhasset Center Staples King Kullen Michaels Apple Lord & Taylor Sur La Table Barnes & Noble 10
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