Warehouse Near LIRR
For Sale
Contact for pricing
127 S 4th St, New Hyde Park, NY 11040
Warehouse property for sale located in the Village of New Hyde Park near LIRR New Hyde Park Station.
Property Size11,000 SF
Price / SF$399.55
Days on Market146
Property Features for 127 S 4th St
General Information
Standard status
Active
Size
11,000 SF
Property subtype
Industrial
Listing Agency:
Metro Realty Services LLC
Listed By:
Mark Timpone · License #NY000
(631) 770-0700
Source:
Crexi
Added: Apr 13
Changed: Aug 14
Last Checked: Sep 2 at 4:33PM
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 Metro Realty Services LLC
Investment Insights
Based on property information with market context.
This warehouse property is offered for sale and is located in the Village of New Hyde Park. The offering is described as a warehouse asset with access to public transit in close proximity.
The property is walkable to LIRR New Hyde Park Station and is positioned near the NYC market corridor, with the remainder of the immediate context described broadly as being close to New York City.
Additional details such as building configuration, condition, and specific improvements are not provided in the information available.
The property is walkable to LIRR New Hyde Park Station and is positioned near the NYC market corridor, with the remainder of the immediate context described broadly as being close to New York City.
Additional details such as building configuration, condition, and specific improvements are not provided in the information available.
Key Highlights
- Warehouse property for sale in the Village of New Hyde Park
- Located near LIRR New Hyde Park Station with a walk to the station
- Close to NYC
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
$191,159
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
4.35%
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%
$3,823,180
$3.8M
Cap Rate 7%
$2,730,843
$2.7M
Cap Rate 9%
$2,123,989
$2.1M
Market Conditions
NOI Build-Up for 11,000 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
$241.6K $21.96/SF
− Vacancy
−$16.7K −$1.52/SF
EGI
$224.9K $20.44/SF
− OpEx
−$33.7K −$3.07/SF
NOI
$191.2K $17.38/SF
Area
Nassau County, NY
Vacancy
6.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
15.00%
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%
$3,823,180
Cap Rate 7%
$2,730,843
Cap Rate 9%
$2,123,989
Alternative Uses
Best Use
Warehouse
$2.73M
$2.39M – $3.19M
NOI $191,159 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.27M
$6.36M – $8.49M
NOI $509,108 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,245
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11040, NY
43,075
Population
14,608
Households
2.9
Avg Household Size
45
Median Age
56%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
8,974
Density / Sq Mi
$153,511
Median Household Income
$70,649
Median Earnings
$2,388
Median Rent
$795,300
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property for sale located in the Village of New Hyde Park near LIRR New Hyde Park Station.
Where is this warehouse located?
The property is located at 127 S 4th St New Hyde Park, NY.
What is the asking price?
The asking price for this property is $4,395,000.
What are key features of this property?
This property features: Warehouse property for sale in the Village of New Hyde Park; Located near LIRR New Hyde Park Station with a walk to the station; Close to NYC
