East Meadow Office Building For
1778 Hempstead Tpke E Meadow, NY
For Sale
Contact for pricing
Well-maintained office building with finished basement and convenient parking.
Property Size2,216 SF
Lot Size0.26 Acres
Price / SF$232.40
Days on Market1131
Property Features for 1778 Hempstead Tpke
General Information
Standard status
Active
Size
2,216 SF
Lot size
0.26 Acres
Property subtype
OFFICE
Listing Agency:
ACC Space Commercial Real Estate
(516) 427-5935
Listed By:
Chip Entwistle · License #10301214444
Source:
Moodyscre
Added: Jun 26, 2023
Changed: Jul 6
Last Checked: Jul 21 at 6:59AM
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 ACC Space Commercial Real Estate
Investment Insights
Based on property information with market context.
This meticulously maintained office building offers excellent visibility and signage. The property features a finished basement with a separate entry. A convenient parking layout is available. The building is located close to Meadowbrook State Parkway, Nassau University Hospital, Eisenhower Park, Nassau Coliseum, and Roosevelt Field Mall. The property size is 2216 square feet.
Key Highlights
- Excellent visibility & signage
- Meticulously maintained
- Finished basement w/ sep entry
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 | $62.0k | $27.96 |
| − Vacancy | −$11.2k | −$5.03 |
| EGI | $50.8k | $22.93 |
| − OpEx | −$12.7k | −$5.73 |
| NOI | $38.1k | $17.20 |
2,216 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$544.4K
$476.3K – $635.1K
NOI $38,105 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.47M
$1.28M – $1.71M
NOI $102,562 @ 7.0% cap · market cap 19.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building with finished basement and convenient parking.
Where is this office building located?
The property is located at 1778 Hempstead Tpke E Meadow, NY.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Excellent visibility & signage; Meticulously maintained; Finished basement w/ sep entry
