Medical Office Building For
258 E Meadow Ave E Meadow, NY
For Sale
Contact for pricing
Excellent investment opportunity in a desirable Long Island location.
Property Size3,690 SF
Lot Size0.26 Acres
Price / SF$379.40
Days on Market1108
Property Features for 258 E Meadow Ave
General Information
Standard status
Active
Size
3,690 SF
Lot size
0.26 Acres
Property subtype
OFFICE
Listing Agency:
ACC Space Commercial Real Estate
(516) 427-5935
Listed By:
Chip Entwistle · License #10301214444
Source:
Moodyscre
Added: Jul 19, 2023
Changed: Jul 6
Last Checked: Jul 21 at 5:11AM
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 ACC Space Commercial Real Estate
Investment Insights
Based on property information with market context.
This 3,690 square foot building is an attractive investment opportunity in a desirable location. The property is a built-out dentist office, benefiting owner-users looking for medical space. Its proximity to Hempstead Turnpike and the Meadow Brook Parkway allows for ease of transportation.
Key Highlights
- Excellent investment opportunity in a desirable Long Island location.
- Close proximity to Hempstead Tpke and Meadow Brook Parkway for easy transportation.
- Surrounded by an influx of notable amenities and transportation access.
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 | $125.3k | $33.96 |
| − Vacancy | −$17.4k | −$4.72 |
| EGI | $107.9k | $29.24 |
| − OpEx | −$43.2k | −$11.70 |
| NOI | $64.7k | $17.54 |
3,690 SF · lease $33.96/SF/yr · vacancy 13.90% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$924.8K
$809.2K – $1.08M
NOI $64,736 @ 7.0% cap · market cap 4.62%
Second Best
Office B
$906.4K
$793.1K – $1.06M
NOI $63,451 @ 7.0% cap · market cap 4.53%
Theoretical Best
Specialty Retail
$2.44M
$2.13M – $2.85M
NOI $170,782 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- East Meadow Veterinary Center — 535 E Meadow Ave, East Meadow, NY 11554
- Helping PAW — 220 E Meadow Ave, East Meadow, NY 11554
Frequently Asked Questions
What type of property is this?
Medical Office Space - Excellent investment opportunity in a desirable Long Island location.
Where is this medical office space located?
The property is located at 258 E Meadow Ave E Meadow, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Excellent investment opportunity in a desirable Long Island location.; Close proximity to Hempstead Tpke and Meadow Brook Parkway for easy transportation.; Surrounded by an influx of notable amenities and transportation access.
