377 Oak St, Garden City, NY 11530

Building Details

Year Built 1988 More

Stories 5 More

Units 550 More

Listing Agency: The Rochlin Organization

Listed By: Michael Rosenfeld · License #NY 10301212279 Show Phone

Source: Crexi

Added: Apr 22 Changed: Oct 25 Last Checked: Nov 6 at 8:45AM

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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

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Investment Insights

Based on property information with market context.

Office building in the Mitchel Field complex offering 24/7 building access. The property provides ample on-site parking with 550 car spaces and includes above standard finishes. Furniture is available.

The location places the property near Nassau Coliseum, hotels, and Hofstra, with Meadowbrook Parkway minutes away.

Ideal for tenants seeking flexible access hours, this building combines convenient access, on-site parking, and responsive property management for day-to-day operations.

Key Highlights

• 4107 SF office building
• 24/7 building access
• 550 car parking on‑site

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$70,622

Cap Rate

5.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,412,440 $1.4M

Cap Rate 7%

$1,008,886 $1.0M

Cap Rate 9%

$784,689 $784.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,107 SF

Gross rent

$114.8K $27.96/SF

− Vacancy

−$20.7K −$5.03/SF

EGI

$94.2K $22.93/SF

− OpEx

−$23.5K −$5.73/SF

NOI

$70.6K $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%

$1,412,440

Cap Rate 7%

$1,008,886

Cap Rate 9%

$784,689

Alternative Uses

Best Use

Office B

$1.01M

$882.8K – $1.18M (±1% cap)

NOI $70,622 @ 7.0% cap · market cap 5.05%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$2.72M

$2.38M – $3.17M (±1% cap)

NOI $190,082 @ 7.0% cap · market cap 13.59%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Wen Management Apartment Building Law Office of Barbara ... Law Firm Saul Gail Law Firm The Saul Law Firm, ... Law Firm Carlstan North Hills Insurance Agency

Suggested Use

Top Pick Auto Parts Store Pharmacy HVAC Service Garden Center Auto Repair Shop (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,128

Businesses Nearby

Explore this area Business Placement

Demographics for 11530, NY

28,851

Population

10,178

Households

2.8

Avg Household Size

42

Median Age

71%

College-Educated

96%

High-School Grad

7.2 sq mi

ZIP Area

4,007

Density / Sq Mi

$202,841

Median Household Income

$95,341

Median Earnings

$3,501

Median Rent

$987,800

Median Home Value

Market

Properties on Market for Office buildings in Nassau County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Office building in the Mitchel Field complex with 24/7 building access and ample on-site parking.

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 $1,399,000.

What are key features of this property?

This property features: 4107 SF office building; 24/7 building access; 550 car parking on‑site