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    Melville Office Building For Sale Title is generated by Realmo AI

    60 Broadhollow Rd, Melville, NY 11747

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    17,280 SF office building available in Melville, NY.

    Type:Office
    Property size:
    17,280 SF
    Price / SF:
    $286/SF
    Added:
    Sep 19, 2024
    Days on Market:
    632
    Last Refresh:
    May 12 at 8:38 pm

    Property Features for 60 Broadhollow Rd

    General Information

    Standard status
    Active
    Size
    17,280 SF
    Property subtype
    Office

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    Listing Contact
    Steven D'Orazio

    Listing agent Steven D'Orazio License #40DO1095219

    Listing office Colliers - Long Island/Jericho, New York

    Listing date Sep 19, 2024

    Source Crexi

    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 Colliers - Long Island/Jericho, New York

    HighLights

    • No property information was provided to analyze.

    Overview

    This commercial property, suitable for office use, is available for sale. The building offers 17,280 square feet of space and is located on Broadhollow Road in Melville, New York.

    Local 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 $483.1k $27.96
    − Vacancy −$87.0k −$5.03
    EGI $396.2k $22.93
    − OpEx −$99.0k −$5.73
    NOI $297.1k $17.20
    17,280 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $4.24M
    $3.71M – $4.95M (±1% cap)
    NOI $297,137 @ 7.0% cap · market cap 6.00%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $5.26M
    $4.61M – $6.14M (±1% cap)
    NOI $368,500 @ 7.0% cap · market cap 7.44%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Your Health Insurance ... Insurance Agency Siemens PLM Software Corporate Office E-Z Garage Door ... Hardware & Home Improvement Analysis & Design Application Engineering Consultant Metro Computer Services ... IT Consulting Firm

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Melville
    County
    Suffolk
    State
    New York
    Longitude
    -73.416109
    Latitude
    40.790565

    FAQs

    What type of property is this?
    Office building - 17,280 SF office building available in Melville, NY.
    Where is this office building located?
    The property is located at 60 Broadhollow Rd Melville, NY.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: No property information was provided to analyze.
    More about this property
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