Multi-Suite Professional Office
For Sale
$1,600,000
Pending
146 E 2nd St, Mineola, NY 11501
Professional office configuration includes reception, private suites, flexible workspace, conference facilities, and an employee kitchen.
Property Size4,200 SF
Days on Market60
Property Features for 146 E 2nd St
General Information
Standard status
Pending
Size
4,200 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$26,462
Amenities
waiting area
conference room
kitchen
Building Details
Building Size
4,200 SF
Year Built
1954
Buildings
1
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Joseph Albano · License #30AL0910178
(516) 327-6261
Source:
Elliman
Added: Aug 21
Changed: Oct 17
Last Checked: Oct 19 at 8:10AM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
Built in 1954, this office building is arranged for professional business use with a reception and waiting area, multiple office suites, and a larger open workspace that can be configured according to operational needs. A conference room and employee kitchen add practical support areas for day-to-day use.
The property is located at 146 E 2nd Street in Mineola, New York. Its combination of enclosed offices, flexible open area, meeting space, and staff facilities provides a varied office layout within an established building.
The property is located at 146 E 2nd Street in Mineola, New York. Its combination of enclosed offices, flexible open area, meeting space, and staff facilities provides a varied office layout within an established building.
Key Highlights
- Professional office building at 146 E 2nd Street, Mineola, NY 11501
- Multiple office suites with reception and waiting area
- Large open office area for flexible configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,221
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,444,420
$1.4M
Cap Rate 7%
$1,031,729
$1.0M
Cap Rate 9%
$802,456
$802.5K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$117.4K $27.96/SF
− Vacancy
−$21.1K −$5.03/SF
EGI
$96.3K $22.93/SF
− OpEx
−$24.1K −$5.73/SF
NOI
$72.2K $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 Rate 5%
$1,444,420
Cap Rate 7%
$1,031,729
Cap Rate 9%
$802,456
Alternative Uses
Best Use
Office B
$1.03M
$902.8K – $1.20M
NOI $72,221 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.78M
$2.43M – $3.24M
NOI $194,387 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,635
Businesses Nearby
Explore this area
Business Placement
Demographics for 11501, NY
21,189
Population
9,174
Households
2.3
Avg Household Size
42
Median Age
55%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
10,595
Density / Sq Mi
$138,323
Median Household Income
$78,840
Median Earnings
$2,267
Median Rent
$627,200
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 building - Professional office configuration includes reception, private suites, flexible workspace, conference facilities, and an employee kitchen.
Where is this office building located?
The property is located at 146 E 2nd St Mineola, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Professional office building at 146 E 2nd Street, Mineola, NY 11501; Multiple office suites with reception and waiting area; Large open office area for flexible configuration
