Renovated Office
For Sale
Contact for pricing
144 Grove Avenue #3, Hempstead, NY 11516
The suite features two bathrooms and a furnished waiting area.
Property Size1,500 SF
Price / SF$0.68
Days on Market22
Property Features for 144 Grove Avenue #3
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Office
Space & Availability
Condition
Newly Renovated
Furnished
Yes
Additional Details
Utilities to Site
Yes
Property Use
Office
Amenities
high speed internet
coffee station
Listing Agency:
Neil Charles Real Estate
Listed By:
Ann Stettner · License #10401201931
(917) 660-3266
Source:
Neilcharlesrealestate
Added: Oct 9
Changed: Oct 30
Last Checked: Oct 30 at 1:48AM
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 Neil Charles Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated office unit includes two bathrooms and a furnished waiting area. A coffee station with a refrigerator provides an additional shared amenity. Utilities and high-speed internet are included, and parking is available.
Key Highlights
- Renovated office suite
- Two bathrooms
- Furnished waiting area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,793
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,860
$515.9K
Cap Rate 7%
$368,471
$368.5K
Cap Rate 9%
$286,589
$286.6K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$41.9K $27.96/SF
− Vacancy
−$7.5K −$5.03/SF
EGI
$34.4K $22.93/SF
− OpEx
−$8.6K −$5.73/SF
NOI
$25.8K $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%
$515,860
Cap Rate 7%
$368,471
Cap Rate 9%
$286,589
Alternative Uses
Best Use
Office B
$368.5K
$322.4K – $429.9K
NOI $25,793 @ 7.0% cap · market cap 2,541.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$991.8K
$867.8K – $1.16M
NOI $69,424 @ 7.0% cap · market cap 6,839.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,173
Businesses Nearby
Explore this area
Business Placement
Demographics for 11516, NY
8,394
Population
3,346
Households
2.5
Avg Household Size
33
Median Age
47%
College-Educated
95%
High-School Grad
0.9 sq mi
ZIP Area
9,327
Density / Sq Mi
$102,083
Median Household Income
$59,919
Median Earnings
$2,204
Median Rent
$818,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The suite features two bathrooms and a furnished waiting area.
Where is this office unit located?
The property is located at 144 Grove Avenue #3 Hempstead, NY.
What are key features of this property?
This property features: Renovated office suite; Two bathrooms; Furnished waiting area
