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    Functional Warehouse Near JFK Airport Title is generated by Realmo AI

    218-220 Lawrence Avenue, Lawrence, NY 11559

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    Claim this Listing
    For Lease
    $28 SF/Yr $28,037/Mo (calc)

    COMMERCIAL - Lawrence, NY

    Property size:
    12,016 SF
    Lot size:
    0.46 Acres
    Added:
    Mar 1, 2026
    Days on Market:
    96
    Last Refresh:
    Jun 5 at 10:06 pm

    Property Features for 218-220 Lawrence Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    11
    Parking features
    On Street, Off Street
    Security features
    Security
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    2089-40-B-00-0033-0
    Size
    12,016 SF
    Lot size
    0.46 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    42710

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1988
    Floors in Building
    2
    Flooring type
    Concrete
    Building materials
    Block

    We can help!

    Listing Contact
    Louisa Borriello

    Listing agent Louisa Borriello License #10301204630

    Listing office Charles Rutenberg Realty Inc 255 Executive Dr Ste 208, Plainview, NY

    Listing date Mar 1, 2026

    MLS# 961897

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location: Just 5 miles from JFK International Airport with convenient access to major roadways.
    • High functionality: 12,016 SQ/FT industrial space featuring 10,162 SQ/FT of warehouse space and a full office buildout.
    • Seamless loading: Equipped with 8 overhead doors, 6 loading docks, 3 mechanical dock levelers, and drive‑in ramps.
    • High ceiling: 23‑foot clear ceiling heights in the warehouse.
    • Oversized lot: Sits on a 20,139 SF lot with 137' feet of frontage.
    • Well‑equipped office space: Includes private administrative offices, conference rooms, staff room, break‑room w/ kitchen, and bathrooms.

    Overview

    This 12,016 square foot warehouse property is available for lease in Lawrence, NY, approximately 5 miles from JFK International Airport. The industrial-zoned property is situated on a 20,139 square foot lot with 137 feet of frontage. It features 8 overhead doors, 6 loading docks, and 3 mechanical dock levelers, along with drive-in ramps. The interior includes 10,162 square feet of warehouse space with 23-foot clear ceiling heights. A full office buildout provides private administrative offices, conference rooms, a staff room, a break room with a kitchen, and bathrooms. The property is designed to support efficient storage, logistics, distribution, and industrial operations, with strong connectivity throughout Long Island and the greater NYC metro area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Self Storage Facility — 308 Central Ave, Lawrence, NY 11559, United States
    • Jessy Self Storage Unit — 260 Central Ave, Lawrence, NY 11559
    • Camfrog shop — 918 cornaga ave, queens, ny 11691

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Nassau
    State
    New York
    Longitude
    -73.73503
    Latitude
    40.611884

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    FAQs

    What type of property is this?
    Warehouse - 12,016 SF warehouse with offices and loading docks.
    Where is this warehouse located?
    The property is located at 218-220 Lawrence Avenue Lawrence, NY.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Prime location: Just 5 miles from JFK International Airport with convenient access to major roadways.; High functionality: **12,016 SQ/FT industrial space** featuring 10,162 SQ/FT of warehouse space and a full office buildout.; Seamless loading: Equipped with 8 overhead doors, 6 loading docks, 3 mechanical dock levelers, and drive‑in ramps.
    (516) 805-0318
    We can help!
    Listing Contact
    Louisa Borriello
    Real Estate License ID: 10301204630
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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