Built-Out Office
For Sale
Contact for pricing
950 Jericho Tpke, Westbury, NY 11590
Two floors offer fully built-out office space with strong signage and visibility on Jericho Turnpike.
Property Size6,150 SF
Price / SF$235.77
Days on Market585
Property Features for 950 Jericho Tpke
General Information
Standard status
Active
Size
6,150 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
Brown Harris Stevens Commercial Real Estate, LLC
(516) 203-8100
Listed By:
David B. Sargoy
(917) 805-6441
Source:
Moodyscre
Added: Mar 26, 2025
Changed: Oct 25
Last Checked: Oct 30 at 4:17PM
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 Brown Harris Stevens Commercial Real Estate, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property presents a fully built-out office configuration with multiple floor levels. Floor 1 currently includes four tenants operating on month-to-month terms. Floor 2 is a walk-up space with a single tenant and a private entrance, also on month-to-month terms.
The building benefits from excellent signage and visibility along heavily trafficked Jericho Turnpike. It also offers easy access from the Long Island Expressway and Northern State Parkway, supporting convenient arrival for staff and visitors. The seller can deliver the building vacant, if desired.
The building benefits from excellent signage and visibility along heavily trafficked Jericho Turnpike. It also offers easy access from the Long Island Expressway and Northern State Parkway, supporting convenient arrival for staff and visitors. The seller can deliver the building vacant, if desired.
Key Highlights
- Fully built‑out two‑floor office space with floor 1 and floor 2 walk‑up access
- 4 tenants on a month‑to‑month basis; building can be delivered vacant
- Floor 2 is a single tenant with a private entrance and month‑to‑month arrangement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,752
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,115,040
$2.1M
Cap Rate 7%
$1,510,743
$1.5M
Cap Rate 9%
$1,175,022
$1.2M
Market Conditions
NOI Build-Up for 6,150 SF
Gross rent
$172.0K $27.96/SF
− Vacancy
−$31.0K −$5.03/SF
EGI
$141.0K $22.93/SF
− OpEx
−$35.3K −$5.73/SF
NOI
$105.8K $17.20/SF
Area
Nassau County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,115,040
Cap Rate 7%
$1,510,743
Cap Rate 9%
$1,175,022
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.76M
NOI $105,752 @ 7.0% cap · market cap 7.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.07M
$3.56M – $4.74M
NOI $284,637 @ 7.0% cap · market cap 19.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
860
Businesses Nearby
Explore this area
Business Placement
Demographics for 11590, NY
47,838
Population
15,497
Households
3.1
Avg Household Size
40
Median Age
40%
College-Educated
87%
High-School Grad
6.7 sq mi
ZIP Area
7,140
Density / Sq Mi
$149,250
Median Household Income
$56,520
Median Earnings
$2,209
Median Rent
$616,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Two floors offer fully built-out office space with strong signage and visibility on Jericho Turnpike.
Where is this office unit located?
The property is located at 950 Jericho Tpke Westbury, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Fully built‑out two‑floor office space with floor 1 and floor 2 walk‑up access; 4 tenants on a month‑to‑month basis; building can be delivered vacant; Floor 2 is a single tenant with a private entrance and month‑to‑month arrangement
