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    265 Post Ave Westbury, NY 11590

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    For Lease
    Contact for pricing

    Prime Westbury Office Space: Multiple Suites Available

    Lot size:
    53,536 SF

    Property Features for 265 Post Ave

    General Information

    Property type
    Medical Office Space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    53,536 SF
    Total Rate
    115994.67

    Building Details

    Year Built/Renovated
    1984/2001
    Buildings
    1
    Stories
    3

    Spaces For Lease

    at 265 Post Ave, Westbury, NY 11590 Contact us
    Unit First Floor Suite 114

    $29 /Mo

    Size
    2,500 SF
    Contact us
    Unit Second Floor Suite 200

    $26 /Mo

    Size
    3,508 SF
    Contact us
    Unit First Floor Suite 100

    $26 /Mo

    Size
    1,545 SF
    Contact us
    Unit Third Floor Suite 375

    $26 /Mo

    Size
    2,250 SF
    Contact us
    Unit Second Floor Suite 270

    $26 /Mo

    Size
    1,650 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Michael Rosenfeld
    Michael Rosenfeld

    Listing Agency: The Rochlin Organization Listing Agent: Michael Rosenfeld

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional three-story office building, located at 265 Post Avenue in Westbury, NY 11590, offers a diverse range of office spaces ideal for various business needs. Built in 1984 and renovated in 2001, the property boasts a total of 53,536 square feet, encompassing medical, executive, and traditional office spaces. The building is currently multi-tenant, with a significant amount of vacant space totaling 12,284 square feet available for immediate occupancy. Flexible lease options cater to businesses seeking spaces ranging from a minimum of 1,545 square feet to a maximum contiguous space of 3,508 square feet. The property is available for both sale and lease. Lease rates are $26.00 per square foot plus $3.50 for electricity for office space and $29.00 per square foot plus $3.50 for electricity for medical office space. This prime location in Westbury offers excellent accessibility and visibility, making it an attractive option for businesses seeking a well-maintained and versatile office environment. The building's single structure provides a cohesive and efficient workspace. This is a unique opportunity to acquire or lease a substantial and adaptable office space in a thriving Long Island community. The property's diverse suite sizes and adaptable layout make it suitable for a variety of businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    OL USA Customs Broker Levin & Chetkof LLP Law Firm Binder & Cohen Law Firm A Sklavos Law Office Law Firm Westbury Therapeutic Medical ... Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Westbury
    County
    Nassau
    State
    New York
    Longitude
    -73.58794201563
    Latitude
    40.758808718865

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    FAQs

    What type of property is this?
    Medical Office Space - Prime Westbury Office Space: Multiple Suites Available
    Where is this medical office space located?
    The property is located at 265 Post Ave Westbury, NY.
    What is the lease rate?
    The lease rate is $26-$29 SF/Yr.
    What are key features of this property?
    This property features: Conveniently located off the Northern State Parkway, near the Long Island Expressway.; NICE bus stop (N35) at the building, near the LIRR.; Excellent parking, including covered spaces.
    (516) 441-7360 Call to check price and availability
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    265 Post Ave Westbury, NY 11590
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    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
    265 Post Ave Westbury, NY 11590
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    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Rosenfeld
    Michael Rosenfeld
    Real Estate License ID: 10301212279
    (516) 441-7360 (516) 551-7660 (516) 935-8300
    Learn more
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