700 Old Country Rd, Plainview, NY
Multi-tenant office building with lease-up potential and ample parking.
- Added:
- Dec 12, 2024
- Days on Market:
- 558
- Last Refresh:
- May 19 at 10:58 pm
Property Features for 700 Old Country Rd
General Information
- Standard status
- Active
- Size
- 32,898 SF
- Lot size
- 1.86 Acres
- Property subtype
- OFFICE
Listing agent Grant Dolgin
Listing office Kalmon Dolgin Affiliates (718) 388-7700
Listing date Dec 12, 2024
Source Moodyscre
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 Kalmon Dolgin Affiliates
HighLights
- Office building in Plainview, NY, offering immediate income potential.
- Opportunity to increase revenue by leasing up 3 vacant spaces.
- Ample on‑site parking with 120 spaces.
- Conveniently located near major expressways.
- Located in Central Park Plaza.
- Commercial office building.
Overview
Local Financial Insights For Office B
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 | $919.8k | $27.96 |
| − Vacancy | −$165.6k | −$5.03 |
| EGI | $754.3k | $22.93 |
| − OpEx | −$188.6k | −$5.73 |
| NOI | $565.7k | $17.20 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Plainview
- County
- Nassau
- State
- New York
- Longitude
- -73.4895
- Latitude
- 40.7721
