Office Suite with Private
390 Hillside Avenue #3, North New Hyde Park, NY 11040
For Sale
Contact for pricing
The second-floor workspace includes utilities, internet service, and regular cleaning in its rental package.
Property Size9 SF
Price / SF$277.78
Days on Market25
Property Features for 390 Hillside Avenue #3
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Property Use
Building Details
Year Built
Listing Agency:
Elite Synergy Realty Inc
Listed By:
Sabbir Ahmed · License #10311205876
(516) 567-8600
Source:
Neilcharlesrealestate
Added: Oct 15
Changed: Nov 7
Last Checked: Nov 7 at 3:14PM
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 Elite Synergy Realty Inc
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Investment Insights
Based on property information with market context.
This office suite occupies the second floor and has a private entrance. Electricity, heat, water, internet service, and cleaning every two weeks are included in the rental arrangement, with no additional rent stated.
Chase Bank is next door, and CVS Pharmacy is nearby. A shopping center across the street contains retail shops, a supermarket, and restaurants.
Chase Bank is next door, and CVS Pharmacy is nearby. A shopping center across the street contains retail shops, a supermarket, and restaurants.
Key Highlights
- Second‑floor office suite with its own entrance
- Electricity, heat, water, and internet included
- Cleaning service provided every two weeks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,100
$3.1K
Cap Rate 7%
$2,214
$2.2K
Cap Rate 9%
$1,722
$1.7K
Market Conditions
NOI Build-Up for 9 SF
Gross rent
$252 $27.96/SF
− Vacancy
−$45 −$5.03/SF
EGI
$206 $22.93/SF
− OpEx
−$52 −$5.73/SF
NOI
$155 $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%
$3,100
Cap Rate 7%
$2,214
Cap Rate 9%
$1,722
Alternative Uses
Best Use
Office B
$2.2K
$1.9K – $2.6K
NOI $155 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.0K
$5.2K – $7.0K
NOI $417 @ 7.0% cap · market cap 16.68%
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
1,044
Businesses Nearby
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Business Placement
Demographics for 11040, NY
43,075
Population
14,608
Households
2.9
Avg Household Size
45
Median Age
56%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
8,974
Density / Sq Mi
$153,511
Median Household Income
$70,649
Median Earnings
$2,388
Median Rent
$795,300
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Nassau County, NY
Properties on Market for Office Units in Nassau County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The second-floor workspace includes utilities, internet service, and regular cleaning in its rental package.
Where is this office unit located?
The property is located at 390 Hillside Avenue #3 North New Hyde Park, NY.
What are key features of this property?
This property features: Second‑floor office suite with its own entrance; Electricity, heat, water, and internet included; Cleaning service provided every two weeks
