Mineola Medical/Office Building For
156 1st St Mineola, NY 11501
156 1st St, Mineola, NY, 11501
$2,550,000
For Sale
$2,550,000
10,480 SF medical/office building in Mineola, NY for sale.
Property Size10,480 SF
Price / SF$243.32
Days on Market95
Property Features for 156 1st St
General Information
- Standard status
- Active
- Size
- 10,480 SF
- Property subtype
- office, medical
Listing Agency
Melville
(631) 962-2896
Listed by
Kyle Crennan · License #40CR1157702
(631) 962-2896
Source
Property.jll
Added: Apr 15 Checked: Jul 17 at 2:49 am
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 Melville
Investment Insights
Based on property information with market context.
A commercial building in Mineola, New York, offers 10,480 square feet of space suitable for medical or general office use. The property is located at 156 1st St, Mineola, NY 11501.
Key Highlights
- 10,480 SF medical/office building
- Located in Mineola, NY
- For sale
Local Financial Insights For Healthcare Medical
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 | $355.9k | $33.96 |
| − Vacancy | −$49.5k | −$4.72 |
| EGI | $306.4k | $29.24 |
| − OpEx | −$122.6k | −$11.70 |
| NOI | $183.9k | $17.54 |
10,480 SF · lease $33.96/SF/yr · vacancy 13.90% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.63M
$2.30M – $3.06M
NOI $183,858 @ 7.0% cap · market cap 7.21%
Second Best
Office B
$2.57M
$2.25M – $3.00M
NOI $180,208 @ 7.0% cap · market cap 7.07%
Theoretical Best
Specialty Retail
$6.93M
$6.06M – $8.08M
NOI $485,041 @ 7.0% cap · market cap 19.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Amit K. ...
Dental Office
Louise Marie Castiglia, ...
Pediatrician
Cohen Children's Northwell ...
Physician
Rose Cerniglia, DO
Pediatrician
Gina M. Gabrielli, ...
Pediatrician
Similar For Sale Nearby
Similar Off Market Nearby
- Mineola Animal Hospital — 132 Jericho Turnpike, Mineola, NY 11501
- Premier Veterinary Medical Group - Mineola — 220 E Jericho Turnpike, Mineola, NY 11501
FAQs
What type of property is this?
Medical Office Space - 10,480 SF medical/office building in Mineola, NY for sale.
Where is this medical office space located?
The property is located at 156 1st St Mineola, NY.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 10,480 SF medical/office building; Located in Mineola, NY; For sale
