Office Building with Available
For Sale
Contact for pricing
88 Sunnyside Blvd, Plainview, NY 11803
Office property offering available space with immediate access to the Long Island Expressway and Northern State Parkway.
Property Size29,726 SF
Price / SF$211.09
Days on Market1142
Property Features for 88 Sunnyside Blvd
General Information
Standard status
Active
Size
29,726 SF
Property subtype
OFFICE
Occupancy
62%
Additional Details
Highway Access
Yes
Listing Agency:
ACC Space Commercial Real Estate
(516) 427-5935
Listed By:
Chip Entwistle · License #10301214444
Source:
Moodyscre
Added: Jul 19, 2023
Changed: Aug 31
Last Checked: Aug 31 at 8:21PM
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 ACC Space Commercial Real Estate
Investment Insights
Based on property information with market context.
The property is a 29,726-square-foot office building at 88 Sunnyside Blvd in Plainview, New York. Current occupancy is 62%, leaving existing space available within the building for a buyer or occupant to evaluate.
The property provides immediate access to the Long Island Expressway and Northern State Parkway, connecting the site with major transportation routes across Long Island. Its office classification and existing occupancy profile support consideration of the building for continued office use.
The property provides immediate access to the Long Island Expressway and Northern State Parkway, connecting the site with major transportation routes across Long Island. Its office classification and existing occupancy profile support consideration of the building for continued office use.
Key Highlights
- 29,726‑square‑foot office building
- Current occupancy of 62%
- Immediate access to the Long Island Expressway
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
$511,150
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
8.15%
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%
$10,223,000
$10.2M
Cap Rate 7%
$7,302,143
$7.3M
Cap Rate 9%
$5,679,444
$5.7M
Market Conditions
NOI Build-Up for 29,726 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
$831.1K $27.96/SF
− Vacancy
−$149.6K −$5.03/SF
EGI
$681.5K $22.93/SF
− OpEx
−$170.4K −$5.73/SF
NOI
$511.2K $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 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%
$10,223,000
Cap Rate 7%
$7,302,143
Cap Rate 9%
$5,679,444
Alternative Uses
Best Use
Office B
$7.30M
$6.39M – $8.52M
NOI $511,150 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$19.65M
$17.20M – $22.93M
NOI $1,375,794 @ 7.0% cap · market cap 21.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
62%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,214
Businesses Nearby
Explore this area
Business Placement
Demographics for 11803, NY
30,049
Population
10,794
Households
2.8
Avg Household Size
45
Median Age
66%
College-Educated
96%
High-School Grad
6.2 sq mi
ZIP Area
4,847
Density / Sq Mi
$184,410
Median Household Income
$84,426
Median Earnings
$3,026
Median Rent
$732,000
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?
Office building - Office property offering available space with immediate access to the Long Island Expressway and Northern State Parkway.
Where is this office building located?
The property is located at 88 Sunnyside Blvd Plainview, NY.
What is the asking price?
The asking price for this property is $6,275,000.
What are key features of this property?
This property features: 29,726‑square‑foot office building; Current occupancy of 62%; Immediate access to the Long Island Expressway
