Professional Office
For Sale
$2,199,999
25 Nassau Ln, Island Park, NY 11558
Office property with a kitchen, five bathrooms, and parking serving professional users.
Property Size8,668 SF
Days on Market173
Property Features for 25 Nassau Ln
General Information
Standard status
Active
Size
8,668 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$46,060
Building Details
Building Size
8,668 SF
Year Built
1970
Listed By:
Richard Baumel
(516) 395-4770
Source:
Elliman
Added: Apr 28
Changed: Oct 5
Last Checked: Oct 16 at 10:56AM
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 Richard Baumel
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Investment Insights
Based on property information with market context.
This 8,600-square-foot office building provides professional workspace with five bathrooms, a kitchen, and 14 parking spots. Constructed in 1970, the property is configured for office occupancy and offers a substantial existing commercial improvement.
The building is located at 25 Nassau Ln in Island Park, near the Island Park Train Station. WalkScore is 78, described as Very Walkable, while BikeScore is 56, described as Bikeable. TransitScore is 38, described as Some Transit, providing additional context for access by walking, bicycle, and public transportation.
The building is located at 25 Nassau Ln in Island Park, near the Island Park Train Station. WalkScore is 78, described as Very Walkable, while BikeScore is 56, described as Bikeable. TransitScore is 38, described as Some Transit, providing additional context for access by walking, bicycle, and public transportation.
Key Highlights
- 8,600‑square‑foot professional office building
- Five bathrooms and a kitchen
- 14 parking spots
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,050
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,981,000
$3.0M
Cap Rate 7%
$2,129,286
$2.1M
Cap Rate 9%
$1,656,111
$1.7M
Market Conditions
NOI Build-Up for 8,668 SF
Gross rent
$242.4K $27.96/SF
− Vacancy
−$43.6K −$5.03/SF
EGI
$198.7K $22.93/SF
− OpEx
−$49.7K −$5.73/SF
NOI
$149.0K $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%
$2,981,000
Cap Rate 7%
$2,129,286
Cap Rate 9%
$1,656,111
Alternative Uses
Best Use
Office B
$2.13M
$1.86M – $2.48M
NOI $149,050 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.73M
$5.01M – $6.69M
NOI $401,177 @ 7.0% cap · market cap 18.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
751
Businesses Nearby
Explore this area
Business Placement
Demographics for 11558, NY
8,954
Population
3,317
Households
2.7
Avg Household Size
44
Median Age
36%
College-Educated
93%
High-School Grad
1.5 sq mi
ZIP Area
5,969
Density / Sq Mi
$109,443
Median Household Income
$62,091
Median Earnings
$2,212
Median Rent
$601,500
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 - Office property with a kitchen, five bathrooms, and parking serving professional users.
Where is this office building located?
The property is located at 25 Nassau Ln Island Park, NY.
What is the asking price?
The asking price for this property is $2,199,999.
What are key features of this property?
This property features: 8,600‑square‑foot professional office building; Five bathrooms and a kitchen; 14 parking spots
