Office Warehouse Corner
150 Jerusalem Avenue Massapequa, NY 11758
150 Jerusalem Avenue, Massapequa, NY, 11758
$1,299,999
For Sale
$1,299,999
Two-story free-standing office and warehouse with a rear overhead door, parking for 20+ cars, and 90 ft frontage.
Property Size3,700 SF
Lot Size0.22 Acres
Price / SF$351.35
Days on Market157
Property Features for 150 Jerusalem Avenue
General Information
- Standard status
- Active
- Size
- 3,700 SF
- Lot size
- 0.22 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1931
Listing agency
Douglas Elliman Real Estate
(516) 509-0907
Listed by
Paul M. DeTurris · License #10301210392
(516) 509-0907
Source
Cohenandcohenrealty
Added: Feb 16 Updated: Jul 22 at 1:59PM Checked: Jul 22 at 1:59PM
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.
A free-standing two-story office building with attached warehouse, totaling 3,700 SF, built with finished offices on two levels and a rear warehouse area. The office space includes kitchen and bath areas, and the warehouse is serviced by a rear overhead door. Additional storage is included.
The property is situated on a corner with high exposure on Main Street, offering 90 ft of frontage. Parking for 20+ cars supports a range of commercial uses, and the location is described as close to highways.
The parcel is 9,550 SF and is zoned C6. Also included is a one-family guest house/ residential dwelling that is part of the lot parcel.
The property is situated on a corner with high exposure on Main Street, offering 90 ft of frontage. Parking for 20+ cars supports a range of commercial uses, and the location is described as close to highways.
The parcel is 9,550 SF and is zoned C6. Also included is a one-family guest house/ residential dwelling that is part of the lot parcel.
Key Highlights
- 1931‑built, 2‑story free‑standing office and warehouse totaling 3,700 SF
- Rear overhead door and additional storage for warehouse operations
- Finished offices on 2 levels plus rear warehouse, with kitchen and bath areas
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.3k | $21.96 |
| − Vacancy | −$5.6k | −$1.52 |
| EGI | $75.6k | $20.44 |
| − OpEx | −$11.3k | −$3.07 |
| NOI | $64.3k | $17.38 |
3,700 SF · lease $21.96/SF/yr · vacancy 6.90% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Always In Style Limos
Limousine Service
Relay Fire and Safety
General Contractor
Wise Wolves
(Bike/Boat/Book/etc) Store
Metro Fire Protection ...
Production Facility
Metro Fire Protection ...
Fire Station
Similar For Sale Nearby
Similar Off Market Nearby
- Platinum Party Planners and Catering — 179 Jerusalem Ave, Massapequa, NY 11758
- AAA Royal Catering — 683 Franklin Ave, Massapequa, NY 11758
- C&C Catering Service, Ltd. — 571 Broadway, Massapequa, NY 11758
- All American Wontons Storefront & Food Truck — 830 N Broadway, Massapequa, NY 11758
FAQs
What type of property is this?
Flex space - Two-story free-standing office and warehouse with a rear overhead door, parking for 20+ cars, and 90 ft frontage.
Where is this flex space located?
The property is located at 150 Jerusalem Avenue 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: 1931‑built, 2‑story free‑standing office and warehouse totaling 3,700 SF; Rear overhead door and additional storage for warehouse operations; Finished offices on 2 levels plus rear warehouse, with kitchen and bath areas
