Market Intelligence
Westbury
Value-Add Mixed-Use & Redevelopment
7.2%
Avg Cap Rate
6.5%
Vacancy Rate
$22/SF
Avg Rent PSF
1
Active Listings
Overview
Westbury is experiencing a commercial renaissance driven by transit-oriented development around the LIRR station. The downtown is being repositioned with new mixed-use projects that combine retail, residential, and office space. Higher cap rates than neighboring markets make Westbury attractive for value-add investors.
Rozita's Take
Westbury is where smart money is going right now. The cap rate spread versus Garden City or Great Neck is 100-150 basis points, but the fundamentals are improving rapidly. I've helped several investors acquire mixed-use properties here at 7%+ caps that are now repositioning into much stronger performers. This is a classic value-add play.