Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    52 Broadway unit 52 Greenlawn, NY 11740

    View on Map
    For Lease
    $33 SF/Yr

    COMMERCIAL - Greenlawn, NY

    Type:Office
    Lot size:
    0.59 Acres
    Added:
    Jun 30, 2025
    Days on Market:
    279
    Last Refresh:
    Apr 4 at 3:06 am

    Property Features for 52 Broadway unit 52

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Rooms
    Basement
    Parking
    54
    Parking features
    Open, Parking Lot
    Standard status
    Active
    APN
    0400-110-00-04-00-007-000
    Lot size
    0.59 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    39180

    Utilities

    Sewer type
    Cesspool
    Heating system
    Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    2
    Number of units
    2
    Building materials
    Brick

    We can help!

    Listing Contact
    Joseph A. Maselli
    Joseph A. Maselli

    Listing agent Joseph A. Maselli License #10491206040

    Listing office JMRENY 52 Broadway Ste 1, Greenlawn, NY

    Listing date Jun 30, 2025

    MLS# 882651

    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.

    Overview

    Renovated Office Space in Greenlawn

    This 8,400-square-foot office space is available for lease in the Gates Building, a newly renovated property prominently located on Broadway in the center of Greenlawn, NY. The modern interior features updated finishes, CAT6 wiring, and an updated kitchenette. The office includes cubicles and a large conference room. The space can be easily divided into two spaces, or possibly smaller configurations. Access to the second floor is via an interior staircase. The building features both a front and rear entrance. Parking includes street parking in the front and access to a dedicated 54-space parking lot in the back. Situated on a 0.59-acre lot in Suffolk County, the property is suitable for professional offices or service-based businesses. The location offers convenient access to a post office, restaurants, and stores on Broadway in a high-income, high-traffic area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kelly Sackman Spollen ... Law Firm Balloon French Cleaners (Bike/Boat/Book/etc) Store Bullfrog Communications Marketing & Advertising Kanter & Levenberg Accounting Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenlawn
    County
    Suffolk
    State
    New York
    Longitude
    -73.365207
    Latitude
    40.869726

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space on Broadway

      Retail space with high foot traffic and parking.
      69 Broadway, Greenlawn, NY 11740
      View Details
    • Contact for pricing

      Retail Space in Greenlawn Plaza

      Retail space available in a community shopping center.
      779 Pulaski Rd, Greenlawn, NY
      View Details
    • Contact for pricing

      Retail Space in Greenlawn, NY

      Retail space available for lease in Greenlawn, New York.
      106-112 Broadway, Greenlawn, NY
      View Details
    • Contact for pricing

      Retail Space Near Train Station

      Retail space available near Greenlawn LIRR Train Station.
      460 Pulaski Rd, Greenlawn, NY
      View Details
    • Contact for pricing

      Greenlawn Plaza Retail Space Available

      Retail space for lease in Greenlawn Plaza shopping center.
      739-779 Pulaski Rd, Greenlawn, NY
      View Details
    • Contact for pricing

      Greenlawn Plaza Retail Space Available

      106,000 SF shopping center anchored by Greenlawn Farms.
      777 Pulaski Road, Greenlawn, NY 11743
      View Details

    FAQs

    What type of property is this?
    Office units - Newly renovated office space in the center of Greenlawn, NY.
    Where is this office units located?
    The property is located at 52 Broadway unit 52 Greenlawn, NY.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    What are key features of this property?
    This property features: Prominently located on Broadway in the center of Greenlawn, in a high‑income, high‑traffic area.; Newly renovated office space with bright, modern interior and updated finishes.; **8,400‑square‑foot office space that can be easily divided into multiple spaces.**
    (516) 253-1113
    We can help!
    Listing Contact
    Joseph A. Maselli
    Joseph A. Maselli
    Real Estate License ID: 10491206040
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!