Office Building with Ample
377 Oak St Garden City, NY 11530
For Sale
Contact for pricing
Office building offering 24/7 access and on-site parking for up to 550 cars.
Property Size5,858 SF
Price / SF$221.75
Days on Market273
Property Features for 377 Oak St
General Information
Standard status
Active
Size
5,858 SF
Property subtype
OFFICE
Listing Agency:
The Rochlin Organization
(516) 441-7360
Listed By:
Michael Rosenfeld · License #10301212279
(516) 441-7360
Source:
Moodyscre
Added: Oct 31, 2025
Changed: Jul 26
Last Checked: Jul 29 at 3:17PM
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 The Rochlin Organization
Investment Insights
Based on property information with market context.
This office building is located within the Mitchel Field complex and benefits from 24/7 building access. The property is offered as an ownership opportunity, with stable, responsive property management noted in the remarks.
Additional convenience is supported by ample on-site parking, with capacity for 550 cars, and proximity to Nassau Coliseum, nearby hotels, and Hofstra. The property is also described as minutes from Meadowbrook Parkway.
The seller highlights fixed occupancy costs, with the opportunity to build equity and tax advantages referenced in the provided information.
Additional convenience is supported by ample on-site parking, with capacity for 550 cars, and proximity to Nassau Coliseum, nearby hotels, and Hofstra. The property is also described as minutes from Meadowbrook Parkway.
The seller highlights fixed occupancy costs, with the opportunity to build equity and tax advantages referenced in the provided information.
Key Highlights
- Office building in the Mitchel Field complex with nearby Nassau Coliseum, hotels, and Hofstra
- 24/7 building access
- On‑site parking for up to 550 cars
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 | $163.8k | $27.96 |
| − Vacancy | −$29.5k | −$5.03 |
| EGI | $134.3k | $22.93 |
| − OpEx | −$33.6k | −$5.73 |
| NOI | $100.7k | $17.20 |
5,858 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.44M
$1.26M – $1.68M
NOI $100,731 @ 7.0% cap · market cap 7.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.87M
$3.39M – $4.52M
NOI $271,123 @ 7.0% cap · market cap 20.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Office building offering 24/7 access and on-site parking for up to 550 cars.
Where is this office building located?
The property is located at 377 Oak St Garden City, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Office building in the Mitchel Field complex with nearby Nassau Coliseum, hotels, and Hofstra; 24/7 building access; On‑site parking for up to 550 cars
