Industrial Flex
For Sale
Contact for pricing
50 Nassau Terminal Road, New Hyde Park, NY 11040
Industrial flex building for sale offering 49,620 SF of space.
Property Size49,620 SF
Price / SF$261.99
Days on Market113
Property Features for 50 Nassau Terminal Road
General Information
Standard status
Active
Size
49,620 SF
Class
B
Property subtype
Industrial
Zoning
I-B
Occupancy
42%
Investment Type
Owner/User
Building Details
Year Built
1950
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Buck Realty
Listed By:
Tod Buckvar · License #NY
Source:
Crexi
Added: Jun 30
Changed: Oct 13
Last Checked: Oct 19 at 4:17AM
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 Buck Realty
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Investment Insights
Based on property information with market context.
Industrial flex building offered for sale. The property totals 49,620 SF and is identified in public remarks with a 12/28/2021 reference date.
The asset is located at 50 Nassau Terminal Road in New Hyde Park, New York 11040. It is marketed as industrial real estate and flex space.
The listing information provided does not include additional details on layout, dock access, office finish, or site features.
The asset is located at 50 Nassau Terminal Road in New Hyde Park, New York 11040. It is marketed as industrial real estate and flex space.
The listing information provided does not include additional details on layout, dock access, office finish, or site features.
Key Highlights
- Industrial flex building for sale offering 49,620 SF of space
- Built in 1950
- Public remarks date: 12/28/2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$710,128
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,202,560
$14.2M
Cap Rate 7%
$10,144,686
$10.1M
Cap Rate 9%
$7,890,311
$7.9M
Market Conditions
NOI Build-Up for 49,620 SF
Gross rent
$1.09M $21.96/SF
− Vacancy
−$75.2K −$1.52/SF
EGI
$1.01M $20.44/SF
− OpEx
−$304.3K −$6.13/SF
NOI
$710.1K $14.31/SF
Area
Nassau County, NY
Vacancy
6.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,202,560
Cap Rate 7%
$10,144,686
Cap Rate 9%
$7,890,311
Alternative Uses
Best Use
Industrial
$10.14M
$8.88M – $11.84M
NOI $710,128 @ 7.0% cap · market cap 5.46%
Second Best
Flex RnD
$9.42M
$8.24M – $10.99M
NOI $659,405 @ 7.0% cap · market cap 5.07%
Theoretical Best
Specialty Retail
$32.81M
$28.71M – $38.28M
NOI $2,296,538 @ 7.0% cap · market cap 17.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Prominent Events — 50 Nassau Terminal Rd, New Hyde Park, NY 11040
- Roscoe's Roadside — 48 bedford ave, new hyde park, ny 11040
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex building for sale offering 49,620 SF of space.
Where is this flex space located?
The property is located at 50 Nassau Terminal Road New Hyde Park, NY.
What is the asking price?
The asking price for this property is $13,000,000.
What are key features of this property?
This property features: Industrial flex building for sale offering 49,620 SF of space; Built in 1950; Public remarks date: 12/28/2021
