Office Building with
For Sale
Contact for pricing
107 S CENTRAL AVE, Valley Stream, NY 11580
For sale office building offering two current vacancies near the Valley Stream LIRR station.
Property Size8,030 SF
Price / SF$361.15
Days on Market54
Property Features for 107 S CENTRAL AVE
General Information
Standard status
Active
Size
8,030 SF
Class
C
Total Parking Spaces
6
Property subtype
Office
Zoning
Commercial
Occupancy
66%
Lease Type
Gross
Building Details
Year Built
1960
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
American Investment Properties
(516) 393-2300
Listed By:
Ron Koenigsberg CCIM · License #NY 31K00933350
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 9 at 8:56AM
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 offering is an office building with two current vacancies, providing space for an owner-operator or for new tenants to move in. The property is listed for sale and totals 8,030 square feet.
The building is located at 107 S Central Ave in Valley Stream, New York, and is within 0.5 mile of the Valley Stream LIRR train station. It is also near neighborhood amenities, supporting everyday access for staff and visitors.
With two available suites, the property can fit a range of office users looking for an established building in a commuter-accessible area. Prospective buyers may also consider the configuration as an opportunity to stabilize occupancy by leasing the currently vacant space while maintaining an office-focused investment or owner-user strategy.
The building is located at 107 S Central Ave in Valley Stream, New York, and is within 0.5 mile of the Valley Stream LIRR train station. It is also near neighborhood amenities, supporting everyday access for staff and visitors.
With two available suites, the property can fit a range of office users looking for an established building in a commuter-accessible area. Prospective buyers may also consider the configuration as an opportunity to stabilize occupancy by leasing the currently vacant space while maintaining an office-focused investment or owner-user strategy.
Key Highlights
- Office building at 107 S Central Ave, Valley Stream
- Year built: 1960
- Currently has 2 vacancies
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$138,079
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,761,580
$2.8M
Cap Rate 7%
$1,972,557
$2.0M
Cap Rate 9%
$1,534,211
$1.5M
Market Conditions
NOI Build-Up for 8,030 SF
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.
Gross rent
$224.5K $27.96/SF
− Vacancy
−$40.4K −$5.03/SF
EGI
$184.1K $22.93/SF
− OpEx
−$46.0K −$5.73/SF
NOI
$138.1K $17.20/SF
Area
Nassau County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,761,580
Cap Rate 7%
$1,972,557
Cap Rate 9%
$1,534,211
Alternative Uses
Best Use
Office B
$1.97M
$1.73M – $2.30M
NOI $138,079 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.31M
$4.65M – $6.19M
NOI $371,648 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,924
Businesses Nearby
Explore this area
Business Placement
Demographics for 11580, NY
43,026
Population
13,582
Households
3.2
Avg Household Size
41
Median Age
38%
College-Educated
89%
High-School Grad
3.9 sq mi
ZIP Area
11,032
Density / Sq Mi
$135,385
Median Household Income
$56,417
Median Earnings
$1,852
Median Rent
$602,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - For sale office building offering two current vacancies near the Valley Stream LIRR station.
Where is this office building located?
The property is located at 107 S CENTRAL AVE Valley Stream, NY.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Office building at 107 S Central Ave, Valley Stream; Year built: 1960; Currently has 2 vacancies
