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

    128 Atlantic Ave Lynbrook, NY 11563

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office building featuring 12 offices, conference rooms, and gated parking.

    Property size:
    12,600 SF

    Property Features for 128 Atlantic Ave

    General Information

    Standard status
    Active
    Size
    12,600 SF

    We can help!

    Listing Contact
    Ralph Guiffre
    Source: Cbre

    Listing Agent: Ralph Guiffre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Office Building with Gated Parking

    This commercial property, zoned for commercial use, encompasses 12,600 square feet situated on a 0.48-acre lot. The building features 12 offices, two conference rooms, a kitchen, and three restrooms, including one ADA-compliant restroom. Additional amenities include storage space and a copy room. The property provides convenient access to a parking lot via a back entrance. Gated parking is available, offering a ratio of three parking spaces per 1,000 rentable square feet.
    Location Intelligence

    Current Use by Public Records

    Human First Inc Charitable Organization Signal Transformer Inc Industrial Manufacturer

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynbrook
    County
    Nassau
    State
    New York
    Longitude
    -73.670647
    Latitude
    40.652639

    Nearby Similar for Sale

    • $175,000

      Renovated Lynbrook Office Space

      Turn-key office space near LIRR with modern amenities.
      504 Merrick Rd, Lynbrook, NY 11563
      View Details
    • $285,000
      1,100 SF

      Turn-Key Dental Office in Lynbrook

      Fully equipped, renovated dental office in accessible medical co-op.
      210 Atlantic Ave, Lynbrook, NY 11563
      View Details
    • New
      $775,000
      0.11 Acres

      Cape Cod Two-Family Home

      Two-family Cape Cod in Lynbrook, NY with income potential.
      81 Stuart St, Lynbrook, NY 11563
      View Details
    • $874,988
      0.10 Acres

      Renovated Two-Family Home in Lynbrook

      Fully renovated 2-family home, ideal for investors or rental income.
      127 Smith St, Lynbrook, NY 11563
      View Details
    • $840,000
      Pending

      Updated Two-Family Home with Yard

      Legal two-family home with updated kitchens, finished basement, and yard.
      11 Duryea Pl, Lynbrook, NY 11563
      View Details
    • New
      $879,000
      Pending

      Updated Duplex in Lynbrook Village

      Legal 2-family duplex with income potential in a prime location.
      23 Thompson Pl, Lynbrook, NY 11563
      View Details
    • $799,000
      Pending

      Two-Family Home with Inground Pool

      Two-family home in Lynbrook with pool, garage, and renovation potential.
      367 Vincent Ave, Lynbrook, NY 11563
      View Details
    • $999,000
      Pending

      Three Rental Units in Lynbrook

      Updated property with two-family home and rentable cottage.
      45 Lynbrook Ave, Lynbrook, NY 11563
      View Details
    • $1,250,000
      0.43 Acres

      Approved Condo Project in Lynbrook

      Approved 6-unit condo project with foundation in place in Lynbrook.
      33 Park Pl, Lynbrook, NY 11563
      View Details
    • $2,500,000
      10,000 SF

      Corner Office Building with Parking

      10,000 SF office building with income and parking.
      337-343 -Blake Merrick & Blake Rd, Lynbrook, NY 11563
      View Details
    • $929,000
      Pending

      Two-Family Home in Lynbrook, NY

      Legal two-family home with a two-car garage in Lynbrook.
      12 Roxy Pl, Lynbrook, NY 11563
      View Details
    • $2,200,000

      Lynbrook Retail Building For Sale

      Seven-unit retail building in Lynbrook with high traffic exposure.
      32-38 Atlantic Ave, Lynbrook, NY 11563
      View Details

    FAQs

    What type of property is this?
    Office building - Office building featuring 12 offices, conference rooms, and gated parking.
    Where is this office building located?
    The property is located at 128 Atlantic Ave Lynbrook, NY.
    What are key features of this property?
    This property features: - 12,600 SF of Commercial Space on 0.48 Acres; - Commercial Zoning; - Gated Parking with 3 Spaces per 1,000 RSF
    Request Owner's contact information
    128 Atlantic Ave Lynbrook, NY 11563
    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.
    128 Atlantic Ave
    Lynbrook, NY 11563
    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
    128 Atlantic Ave Lynbrook, NY 11563
    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

    We can help!
    Listing Contact
    Ralph Guiffre
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!