Commercial Real Estate in Long Island NY

[Fred Kosnac]

Hi New York BP community! Is it worth investing in Long Island retail/office for cash flow? Running the calculators, most of the properties I looked at show I won't make back my initial cash investment until year 10, primarily because of the high NY prices (I would be getting a mortgage on the property).
My investing goal is to maximize cash flow through retail or small office spaces, but it seems counter productive to put out a bunch of cash up front that I'm not making back for a decade. Wondering if anyone has been investing in Long Island successfully who may be able to provide some much needed clarity. Or, should I be looking outside the area to start my investment journey?