Commercial Office Building with
150 Jerusalem Ave Massapequa, NY 11758
For Sale
$1,325,000
Two-story office building with warehouse and residential dwelling.
Property Size3,700 SF
Lot Size0.22 Acres
Price / SF$358.11
Days on Market98
Property Features for 150 Jerusalem Ave
General Information
Standard status
Active
Size
3,700 SF
Lot size
0.22 Acres
Property subtype
Commercial
Building Details
Year Built
1931
Listing Agency:
Douglas Elliman Real Estate
(516) 771-3007
Listed By:
Paul DeTurris · License #10301210392
(516) 771-3007
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 7:51AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This is a two-story commercial office building with a warehouse, totaling 3,700 square feet. It features a rear overhead door and additional storage space. The property includes parking for over 20 cars. Also included is a one-family guest house/residential dwelling located at 714 Franklin Ave, part of the same parcel. The lot size is 9,550 square feet with a 90-foot frontage. Zoned C6, the building has finished offices on two levels, plus a rear warehouse area, kitchen, and bath areas. The location offers high exposure on a main street corner and is close to highways. Multiple uses are possible, and the property is suitable for medical, dental, or insurance professional use. The walk score is 78, indicating it is very walkable, the bike score is 48, indicating it is somewhat bikeable, and the transit score is 23, indicating minimal transit.
Key Highlights
- High‑exposure corner location on Main Street suitable for commercial use.
- Two‑story office building with 3,700 SF of warehouse space and rear overhead door.
- Includes a separate 1‑family guest house/residential dwelling (714 Franklin Ave.).
Financial Insights For Warehouse
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 | $81.3k | $21.96 |
| − Vacancy | −$5.6k | −$1.52 |
| EGI | $75.6k | $20.44 |
| − OpEx | −$11.3k | −$3.07 |
| NOI | $64.3k | $17.38 |
3,700 SF · lease $21.96/SF/yr · vacancy 6.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$918.6K
$803.7K – $1.07M
NOI $64,299 @ 7.0% cap · market cap 4.85%
Second Best
Office B
$908.9K
$795.3K – $1.06M
NOI $63,623 @ 7.0% cap · market cap 4.80%
Theoretical Best
Specialty Retail
$2.45M
$2.14M – $2.85M
NOI $171,245 @ 7.0% cap · market cap 12.92%
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 - Two-story office building with warehouse and residential dwelling.
Where is this office building located?
The property is located at 150 Jerusalem Ave Massapequa, NY.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: High‑exposure corner location on Main Street suitable for commercial use.; Two‑story office building with 3,700 SF of warehouse space and rear overhead door.; Includes a separate 1‑family guest house/residential dwelling (714 Franklin Ave.).
