Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spacious Commercial Condo with Sauna Title is generated by Realmo AI

    1575 Hillside Ave 309, New Hyde Park, NY 11040

    View on Map
    Claim this Listing
    For Sale
    $1,199,000

    2,518 sq ft condo ideal for medical or wellness practices.

    Type:Commercial
    Property size:
    2,518 SF
    Price / SF:
    $476/SF
    Added:
    May 19, 2026
    Days on Market:
    9
    Last Refresh:
    May 19 at 6:19 am

    Property Features for 1575 Hillside Ave 309

    General Information

    Standard status
    Active
    Size
    2,518 SF
    Property subtype
    Commercial

    We can help!

    Listing Contact
    David P. Annarumma

    Listing agent David P. Annarumma

    Listing office

    Listing date May 19, 2026

    Source Elliman

    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 David P. Annarumma

    HighLights

    • Spacious 2,518 sq. ft. commercial condo with flexible use potential.
    • Large parking lot provides convenient parking.
    • Full private bathroom with stall shower, ideal for wellness, spa, therapy, or medical operations.
    • Existing sauna build‑out offers added potential.
    • Extremely close proximity to public transportation provides excellent accessibility.
    • Functional layout with room to customize treatment rooms, exam rooms, private offices, reception, waiting area, and staff space.

    Overview

    This 2,518 sq. ft. commercial condo presents an opportunity for ownership with flexible use potential. The property is suitable for a medical spa, dental office, physical therapy center, wellness practice, medical office, or other professional healthcare-related uses. The space features a functional layout that allows for customization to create treatment rooms, exam rooms, private offices, a reception area, a waiting area, and staff space. A large parking lot provides parking for clients, patients, staff, and business owners. The unit includes a full private bathroom with a stall shower, making it useful for wellness, spa, therapy, or medical-related operations. An existing sauna build-out offers potential for a med spa, recovery center, or wellness-focused practice. The property is conveniently located close to public transportation, providing accessibility for clients and employees. This space offers the size, location, and flexibility to fit a range of professional uses.
    Location Intelligence

    Current Use by Public Records

    New Hyde Park ... Medical Clinic Pandya Dental Care Dental Office Long Island Biofeedback ... Physician Pagano Carl DDS Dental Office Fit To Function Therapy Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Banfield Pet Hospital — 1600 Marcus Ave, New Hyde Park, NY 11040

    Location Insight

    • Map
    • Local Demand
    City
    New Hyde Park
    County
    Nassau
    State
    New York
    Longitude
    -73.686304
    Latitude
    40.748278

    Nearby Similar for Sale

    • $999,000

      Renovated Two-Family Home, New Hyde Park

      Move-in ready, renovated two-family home in the heart of New Hyde Park.
      25 N 12th Street, New Hyde Park, NY 11040
      View Details
    • $198,888
      2,300 SF

      Medical Arts Building Double Suite

      Unfinished medical suite with flexible configuration and private entrances.
      1575 Hillside Ave LL3/LL4, New Hyde Park, NY 11040
      View Details
    • $38,500

      Equipped Bar-Restaurant on Jericho Turnpike

      Fully equipped bar and restaurant with high exposure location.
      2235 Jericho Tpke, New Hyde Park, NY 11040
      View Details
    • $1,499,999
      5,000 SF

      Updated Two-Family House For Sale

      Updated two-family house near shopping, transport, and highways.
      39 Old Stewart Avenue, New Hyde Park, NY 11040
      View Details
    • $4,200,000
      11,812 SF

      Auto Showroom & Warehouse For Sale

      Auto showroom and warehouse with yard space for sale/lease.
      2070 Jericho Turnpike, New Hyde Park, NY 11040
      View Details
    • $2,400,000
      6,208 SF

      New Hyde Park Investment Opportunity

      Two-story, 6,208 SF property in thriving New Hyde Park.
      1840 Falmouth Ave, New Hyde Park, NY 11040
      View Details
    • Contact for pricing
      10,684 SF

      Multi-Story Industrial Building with Apartment

      10,684 Sq. Ft. industrial building with residential apartment.
      36 Lakeville Rd, New Hyde Park, NY
      View Details
    • Contact for pricing
      50,570 SF

      Warehouse with Secured Yard

      50,570 SF warehouse featuring loading docks and parking.
      50 Nassau Terminal Rd, New Hyde Park, NY
      View Details
    • $750,000
      1,475 SF

      Modern Medical Condo For Sale

      Spacious medical condo with prime location and modern amenities.
      1575 Hillside Ave., New Hyde Park, NY 11040
      View Details
    • Contact for pricing
      11,812 SF

      Jericho Turnpike Mixed-Use Building

      Two-story, 11,812 SF building on Jericho Turnpike.
      2070 Jericho Turnpike, New Hyde Park, NY 11040
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 2,518 sq ft condo ideal for medical or wellness practices.
    Where is this medical office space located?
    The property is located at 1575 Hillside Ave 309 New Hyde Park, NY.
    What is the asking price?
    The asking price for this property is $1,199,000.
    What are key features of this property?
    This property features: Spacious 2,518 sq. ft. commercial condo with flexible use potential.; Large parking lot provides convenient parking.; Full private bathroom with stall shower, ideal for wellness, spa, therapy, or medical operations.
    (718) 640-5413
    We can help!
    Listing Contact
    David P. Annarumma
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1575 Hillside Ave 309, New Hyde Park, NY 11040
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!