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$280.13
Days on Market68
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: Aug 26
Last Checked: Sep 4 at 5:45PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$710,128
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 5.11%
Second Best
Flex RnD
$9.42M
$8.24M – $10.99M
NOI $659,405 @ 7.0% cap · market cap 4.74%
Theoretical Best
Specialty Retail
$32.81M
$28.71M – $38.28M
NOI $2,296,538 @ 7.0% cap · market cap 16.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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- Prominent Events — 50 Nassau Terminal Rd, New Hyde Park, NY 11040
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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 $13,900,000.
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
