Roslyn Heights Medical Outpatient
For Sale
Contact for pricing
Pending
125 MINEOLA AVE, Roslyn Heights, NY 11577
Single-tenant medical building 100% leased through May 2039.
Property Size27,324 SF
Days on Market100
Property Features for 125 MINEOLA AVE
General Information
Standard status
Pending
Size
27,324 SF
Total Parking Spaces
53
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$1,034,381
Building Details
Year Built
1965
Stories
3
Units
53
Tenancy
Single
Listing Agency:
CBRE - Healthcare Capital Markets
(404) 504-7893
Listed By:
Jaime Jones Vantsa · License #100103493
Source:
Crexi
Added: May 19
Changed: Aug 19
Last Checked: Aug 18 at 8:24PM
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 CBRE - Healthcare Capital Markets
Investment Insights
Based on property information with market context.
The property is a 27,324-SF single-tenant specialty medical outpatient building in Roslyn Heights, New York. It is 100% leased to New York Bariatric Group (NYBG) through May 2039 on a triple-net basis, with 12.8 years of remaining lease term. NYBG has occupied the building since 2012 and extended for a full 15-year term in April 2024. The property serves as NYBG’s Long Island specialty location, supporting pre- and postoperative bariatric care, patient consultations, and integrated weight management services including nutrition, GLP-1 therapies, and behavioral health. Bariatric surgeries are performed at the 364-bed St. Francis Hospital & Heart Center less than two miles from the property. NYBG maintains affiliations with 15 hospitals and one surgery center across 10 health systems. NYBG is a scaled regional specialty practice operating 27 locations, 32 physicians, and 14 physician assistants across New York, New Jersey, and Connecticut. In addition to its Northeast operations, NYBG owns and operates Roller Weight Loss, a multi-site weight-loss and bariatric platform with three locations across Fayetteville and Fort Smith, Arkansas, and Tulsa, Oklahoma, employing seven physicians and operating one ASC in Fayetteville. The property is located in Long Island’s supply-constrained infill medical submarket, which reflects 94% occupancy and only 2% cumulative inventory growth over the past five years.
Key Highlights
- 100% leased to New York Bariatric Group (NYBG) through May 2039, offering 12.8 years of remaining lease term on a triple‑net basis.
- NYBG demonstrates long‑term commitment, occupying since 2012 and recently extending for 15 years in April 2024.
- Located in Roslyn Heights, an affluent neighborhood on Long Island’s Gold Coast.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$479,365
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,587,300
$9.6M
Cap Rate 7%
$6,848,071
$6.8M
Cap Rate 9%
$5,326,278
$5.3M
Market Conditions
NOI Build-Up for 27,324 SF
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.
Gross rent
$927.9K $33.96/SF
− Vacancy
−$129.0K −$4.72/SF
EGI
$798.9K $29.24/SF
− OpEx
−$319.6K −$11.70/SF
NOI
$479.4K $17.54/SF
Area
Nassau County, NY
Vacancy
13.90%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,587,300
Cap Rate 7%
$6,848,071
Cap Rate 9%
$5,326,278
Alternative Uses
Best Use
Healthcare Medical
$6.85M
$5.99M – $7.99M
NOI $479,365 @ 7.0% cap · market cap 3.24%
Second Best
Office B
$6.71M
$5.87M – $7.83M
NOI $469,847 @ 7.0% cap · market cap 3.18%
Theoretical Best
Specialty Retail
$18.07M
$15.81M – $21.08M
NOI $1,264,623 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,121
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11577, NY
12,695
Population
4,453
Households
2.9
Avg Household Size
44
Median Age
68%
College-Educated
96%
High-School Grad
3.0 sq mi
ZIP Area
4,232
Density / Sq Mi
$183,233
Median Household Income
$91,292
Median Earnings
$2,037
Median Rent
$945,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-tenant medical building 100% leased through May 2039.
Where is this medical office space located?
The property is located at 125 MINEOLA AVE Roslyn Heights, NY.
What is the asking price?
The asking price for this property is $14,775,000.
What are key features of this property?
This property features: 100% leased to New York Bariatric Group (NYBG) through May 2039, offering 12.8 years of remaining lease term on a triple‑net basis.; NYBG demonstrates long‑term commitment, occupying since 2012 and recently extending for 15 years in April 2024.; Located in Roslyn Heights, an affluent neighborhood on Long Island’s Gold Coast.
