Office and Warehouse
1 Lexington Ave Bethpage, NY 11714
For Sale
$6,800,000
Two-story office and warehouse building offering multiple office levels, dock and drive-in access, and up to 32-ft ceilings.
Property Size30,500 SF
Price / SF$222.95
Days on Market155
Property Features for 1 Lexington Ave
General Information
- Standard status
- Active
- Size
- 30,500 SF
- Property subtype
- Warehouse
Listing Agency:
American Investment Properties
(516) 393-2300
Listed By:
Ron Koenigsberg · License #31K00933350
(516) 393-2300
Source:
Thebrokerlist
Added: Feb 18
Changed: Jul 23
Last Checked: Jul 23 at 5:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of American Investment Properties
Investment Insights
Based on property information with market context.
This two-story office and warehouse building includes 13,000 SF of warehouse space on the first floor, 2,500 SF of first-floor office space, and 15,000 SF of office space on the second floor. The building is supported by loading and access features including two dock doors, one drive-in door, and an elevator. Ceiling heights reach up to 32 feet.
The property includes on-site parking with 55 spaces and five electric car charging stations. It is within a 7-minute walk to the Bethpage LIRR Train Station and is located just west of the Seaford-Oyster Bay Expressway.
Overall, the layout combines warehouse functionality with office space across two levels, supported by multiple loading points and ample parking for day-to-day operations.
The property includes on-site parking with 55 spaces and five electric car charging stations. It is within a 7-minute walk to the Bethpage LIRR Train Station and is located just west of the Seaford-Oyster Bay Expressway.
Overall, the layout combines warehouse functionality with office space across two levels, supported by multiple loading points and ample parking for day-to-day operations.
Key Highlights
- Two‑story office & warehouse building in Bethpage, NY with 13,000 SF warehouse on the 1st floor plus office on both floors
- Office space totals 17,500 SF: 2,500 SF on the 1st floor and 15,000 SF on the 2nd floor
- Warehouse features include 2 dock doors, 1 drive‑in door, 1 elevator, and ceiling heights up to 32 ft
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $669.8k | $21.96 |
| − Vacancy | −$46.2k | −$1.52 |
| EGI | $623.6k | $20.44 |
| − OpEx | −$93.5k | −$3.07 |
| NOI | $530.0k | $17.38 |
30,500 SF · lease $21.96/SF/yr · vacancy 6.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$7.57M
$6.63M – $8.83M
NOI $530,030 @ 7.0% cap · market cap 7.79%
Second Best
Office B
$7.49M
$6.56M – $8.74M
NOI $524,460 @ 7.0% cap · market cap 7.71%
Theoretical Best
Specialty Retail
$20.17M
$17.65M – $23.53M
NOI $1,411,616 @ 7.0% cap · market cap 20.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Vishnick Attorney At Law
Law Firm
Similar Off Market Nearby
- THE HARTIGAN HOUSE — 519 Central Ave, Bethpage, NY 11714
FAQs
What type of property is this?
Flex space - Two-story office and warehouse building offering multiple office levels, dock and drive-in access, and up to 32-ft ceilings.
Where is this flex space located?
The property is located at 1 Lexington Ave Bethpage, NY.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: Two‑story office & warehouse building in Bethpage, NY with 13,000 SF warehouse on the 1st floor plus office on both floors; Office space totals 17,500 SF: 2,500 SF on the 1st floor and 15,000 SF on the 2nd floor; Warehouse features include 2 dock doors, 1 drive‑in door, 1 elevator, and ceiling heights up to 32 ft
