Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Creative Office Space for Lease Title is generated by Realmo AI

    7 Crescent Street, Hewlett, NY 11557

    View on Map
    Claim this Listing
    For Lease
    $2,399 /Mo

    Flexible creative and office workspace available for lease in Nassau County.

    Added:
    May 28, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 3 at 3:03 am

    Property Features for 7 Crescent Street

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Marc Jeret

    Listing agent Marc Jeret License #10401368899

    Listing office M & J PARTNERS REALTY LLC

    Listing date May 28, 2026

    Source Evrealestate

    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 M & J PARTNERS REALTY LLC

    HighLights

    • Flexible workspace for lease in Nassau County
    • Electric heating
    • Electric cooling

    Overview

    This offering presents a creative space and office-type commercial location available for lease. The property is marketed under creative space and office space categories, making it a practical fit for tenants seeking a workspace for work that benefits from a creative or professional office environment. The availability is positioned as a For Rent opportunity, intended to support businesses looking to relocate or establish operations without acquiring real estate.

    The property is located at 7 Crescent Street in Hewlett, NY, within Nassau County. As listed, the site’s straightforward leasing availability can be useful for organizations evaluating shortlisting options in the Hewlett area. Any further details regarding building amenities, layout specifics, or parking are not provided in the available information.

    For tenants and operators, the most direct use case is aligning with the property’s creative space and office classifications. This kind of space is commonly considered by firms that need a dedicated base for day-to-day work, collaboration, and client-facing operations. Brokers and prospective occupants may also want to confirm the exact suite configuration and building rules during the leasing process, since those details are not included here.
    Location Intelligence

    Current Use by Public Records

    K C Contractors Construction Company

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hewlett
    County
    Nassau
    State
    New York
    Longitude
    -73.703309
    Latitude
    40.635382

    Nearby Similar for Lease

    • $4,500/Mo
      2,500 SF

      Hewlett Office Space For Rent

      Well-maintained office space suitable for non-profit organizations.
      1379 Noel Avenue, Hewlett, NY 11557
      View Details
    • $2,000/Mo

      Hewlett Office with Parking

      First-floor office space with private parking and backyard.
      15 Ives Road, Hewlett, NY 11557
      View Details
    • $29,000 SF/Yr
      25,000 SF

      Educational Facility For Lease

      25,000 SF educational facility in Hewlett, NY for lease.
      1346 Broadway, Hewlett, NY 11557
      View Details
    • $29,000 SF/Yr
      25,000 SF

      Educational Facility for Lease

      Fully built-out institutional facility with classrooms, gymnasium, and cafeteria for educational and mission-driven organizations.
      1346 Broadway, Hewlett, NY 11557
      View Details
    • $2,999/Mo
      1,500 SF

      Storage and Office Space Combo

      Storage and office space suitable for e-commerce or contractors.
      3b-3 Crescent St, Hewlett, NY
      View Details
    • $2,999/Mo
      1,500 SF

      Flex Office and Storage Space

      Office space combined with substantial storage, suited for service contractors and e-commerce operations needing space to work and store.
      3 Crescent Street #3B, Hewlett, NY 11557
      View Details
    • Contact for pricing
      2,536 SF

      Retail Space in Busy Center

      Retail space available in a busy neighborhood shopping center.
      1296-1340 Broadway, Hewlett, NY
      View Details
    • Contact for pricing
      7,050 SF

      Office Space with Planned Improvements

      Office space for rent with prominent signage and planned upgrades.
      1315 Peninsula Blvd, Hewlett, NY
      View Details
    • Contact for pricing
      4,800 SF

      Retail Space in Hewlett, NY

      Retail spaces available near Peninsula Boulevard and Mill Road.
      1300-1368 Peninsula Blvd, Hewlett, NY
      View Details

    FAQs

    What type of property is this?
    Creative space - Flexible creative and office workspace available for lease in Nassau County.
    Where is this creative space located?
    The property is located at 7 Crescent Street Hewlett, NY.
    What is the lease rate?
    The lease rate is $2,399 /Mo.
    What are key features of this property?
    This property features: Flexible workspace for lease in Nassau County; Electric heating; Electric cooling
    (631) 839-3748
    We can help!
    Listing Contact
    Marc Jeret
    Real Estate License ID: 10401368899
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7 Crescent Street, Hewlett, NY 11557
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!