Medical Office Building For
243 Boyle Rd Selden, NY
For Sale
Contact for pricing
Medical office building with tenant in place, near LIE.
Property Size7,000 SF
Lot Size0.87 Acres
Price / SF$450
Days on Market1177
Property Features for 243 Boyle Rd
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Lot size
- 0.87 Acres
- Property subtype
- OFFICE
Listing Agency:
Colliers | Long Island
(516) 445-2186
Listed By:
Darren Leiderman
(516) 445-2186
Source:
Moodyscre
Added: May 4, 2023
Changed: Jul 6
Last Checked: Jul 22 at 3:59AM
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 Colliers | Long Island
Investment Insights
Based on property information with market context.
This is a medical office building for sale, situated minutes from the Long Island Expressway. The property is identified as Section 393, Block 5, Lot 2.3. A tenant is currently in place under a NNN lease. The building has a size of 7000 square feet.
Key Highlights
- Tenant in place with NNN lease
- Medical office building
- Located minutes to the Long Island Expressway
Financial Insights For Office B
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 | $195.7k | $27.96 |
| − Vacancy | −$35.2k | −$5.03 |
| EGI | $160.5k | $22.93 |
| − OpEx | −$40.1k | −$5.73 |
| NOI | $120.4k | $17.20 |
7,000 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.72M
$1.50M – $2.01M
NOI $120,368 @ 7.0% cap · market cap 3.82%
Second Best
Healthcare Medical
$1.60M
$1.40M – $1.87M
NOI $111,958 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$2.13M
$1.87M – $2.49M
NOI $149,277 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Golden Coast Selden
Physician
Thau Rachel A
Physician
Top Dme Llc
Medical Supply Store
Foot Doctor
Medical Clinic
Andrew J. Ribaudo, ...
Physician
FAQs
What type of property is this?
Medical Office Space - Medical office building with tenant in place, near LIE.
Where is this medical office space located?
The property is located at 243 Boyle Rd Selden, NY.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: Tenant in place with NNN lease; Medical office building; Located minutes to the Long Island Expressway
