Commercial Office Building with
For Sale
$1,299,999
150 Jerusalem Ave, Massapequa, NY 11758
Two-story office building with warehouse and residential dwelling.
Property Size3,700 SF
Lot Size0.22 Acres
Price / SF$351.35
Days on Market143
Property Features for 150 Jerusalem Ave
General Information
Standard status
Active
Size
3,700 SF
Lot size
0.22 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$26,766
Building Details
Building Size
3,700 SF
Year Built
1931
Units
2
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Paul DeTurris · License #10301210392
(516) 771-3007
Source:
Elliman
Added: Apr 24
Changed: Sep 9
Last Checked: Sep 13 at 6:45AM
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
Investment Insights
Based on property information with market context.
This is a two-story commercial office building with a warehouse, totaling 3,700 square feet. It features a rear overhead door and additional storage space. The property includes parking for over 20 cars. Also included is a one-family guest house/residential dwelling located at 714 Franklin Ave, part of the same parcel. The lot size is 9,550 square feet with a 90-foot frontage. Zoned C6, the building has finished offices on two levels, plus a rear warehouse area, kitchen, and bath areas. The location offers high exposure on a main street corner and is close to highways. Multiple uses are possible, and the property is suitable for medical, dental, or insurance professional use. The walk score is 78, indicating it is very walkable, the bike score is 48, indicating it is somewhat bikeable, and the transit score is 23, indicating minimal transit.
Key Highlights
- High‑exposure corner location on Main Street suitable for commercial use.
- Two‑story office building with 3,700 SF of warehouse space and rear overhead door.
- Includes a separate 1‑family guest house/residential dwelling (714 Franklin Ave.).
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
$64,299
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
4.95%
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%
$1,285,980
$1.3M
Cap Rate 7%
$918,557
$918.6K
Cap Rate 9%
$714,433
$714.4K
Market Conditions
NOI Build-Up for 3,700 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
$81.3K $21.96/SF
− Vacancy
−$5.6K −$1.52/SF
EGI
$75.6K $20.44/SF
− OpEx
−$11.3K −$3.07/SF
NOI
$64.3K $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%
$1,285,980
Cap Rate 7%
$918,557
Cap Rate 9%
$714,433
Alternative Uses
Best Use
Warehouse
$918.6K
$803.7K – $1.07M
NOI $64,299 @ 7.0% cap · market cap 4.95%
Second Best
Office B
$908.9K
$795.3K – $1.06M
NOI $63,623 @ 7.0% cap · market cap 4.89%
Theoretical Best
Specialty Retail
$2.45M
$2.14M – $2.85M
NOI $171,245 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
Explore this area
Business Placement
Demographics for 11758, NY
54,226
Population
19,297
Households
2.8
Avg Household Size
44
Median Age
50%
College-Educated
97%
High-School Grad
12.0 sq mi
ZIP Area
4,519
Density / Sq Mi
$157,404
Median Household Income
$72,947
Median Earnings
$2,153
Median Rent
$624,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with warehouse and residential dwelling.
Where is this office building located?
The property is located at 150 Jerusalem Ave Massapequa, NY.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: High‑exposure corner location on Main Street suitable for commercial use.; Two‑story office building with 3,700 SF of warehouse space and rear overhead door.; Includes a separate 1‑family guest house/residential dwelling (714 Franklin Ave.).
