Professional Office Building For
570 Long Island Ave Deer Park, NY 11729
570 Long Island Ave, Deer Park, NY, 11729
$679,000
Pending
For Sale
$679,000
Pending
Professional office building suitable for various businesses in Long Island.
Property Size2,250 SF
Days on Market101
Property Features for 570 Long Island Ave
General Information
- Standard status
- Pending
- Size
- 2,250 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1969
Listing Agency
(631) 463-7775
Listed by
Deborah D Ambrosio
(631) 463-7775
Source
Elliman
Added: Apr 9 Checked: Jul 17 at 6:25 am
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 Deborah D Ambrosio
Investment Insights
Based on property information with market context.
This professional office building, located on Long Island Avenue, is suited for medical, legal, accounting, or other executive suites. The property is configured for multiple suites, making it suitable for doctors, attorneys, accountants, and other professionals. Ample on-site parking is available for tenants and clients. The layout is flexible, accommodating both owner-users and investors. The property benefits from high visibility and convenient access to major roads and surrounding communities. It is situated in an established setting with a strong professional appeal, located on a large corner piece of property with a parking lot nestled within a residential area. The building is in close proximity to public transportation, schools, shops, and restaurants. The property's square footage is 2,250. It is an opportunity for investors seeking rental income or professionals looking to own and occupy in a Long Island location. Potential uses include medical offices, legal practices, financial services, and consulting firms.
Key Highlights
- Prime professional office building in a highly sought‑after Long Island location.
- Configured for multiple suites, ideal for various professional uses.
- Ample on‑site parking for tenants and clients.
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 | $62.9k | $27.96 |
| − Vacancy | −$11.3k | −$5.03 |
| EGI | $51.6k | $22.93 |
| − OpEx | −$12.9k | −$5.73 |
| NOI | $38.7k | $17.20 |
2,250 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$552.7K
$483.6K – $644.8K
NOI $38,690 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$685.5K
$599.8K – $799.7K
NOI $47,982 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Professional office building suitable for various businesses in Long Island.
Where is this office building located?
The property is located at 570 Long Island Ave Deer Park, NY.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Prime professional office building in a highly sought‑after Long Island location.; Configured for multiple suites, ideal for various professional uses.; Ample on‑site parking for tenants and clients.
