Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1575 Hillside Ave New Hyde Park, NY 11040

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Spacious medical condo with prime location and modern amenities.

    Property size:
    1,475 SF
    Lot size:
    104,408.00 Acres

    Property Features for 1575 Hillside Ave

    General Information

    Standard status
    Active
    Size
    1,475 SF
    Lot size
    104,408.00 Acres

    We can help!

    Listing Contact
    Anthony Briguglio
    Source: Crexi

    Listing Agency: Coldwell Banker Commercial AMH Listing Agent: Anthony Briguglio

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

    Learn more

    Overview

    Modern Medical Condo For Sale

    This 1,475 sq ft medical unit at 1575 Hillside Ave, Unit #200, offers an exceptional opportunity for a thriving medical practice. The unit features a waiting room, reception desk area, lab room, three exam rooms with sinks, and two consultation rooms. It also includes two half bathrooms and reserved parking. The building provides amenities such as a doorman, elevator access, and ample parking for patients, including covered parking for owners. Additional features include a phone system, windowed offices, a kitchen area, and a renovated lobby. The property is situated in a prime location with easy access to major hospitals like Northwell and LIJ, as well as proximity to highways, making it suitable for medical professionals seeking a bustling location.
    Location Intelligence

    Current Use by Public Records

    New Hyde Park ... Medical Clinic Pandya Dental Care Dental Office Long Island Biofeedback ... Physician Pagano Carl DDS Dental Office Fit To Function Therapy Physician

    Suggested Use

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

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

    Similar Places Nearby

    Banfield Pet Hospital

    Location Insight

    • Map
    • Local Demand
    City
    New Hyde Park
    County
    Nassau
    State
    New York
    Longitude
    -73.686304
    Latitude
    40.748278

    Nearby Similar for Sale

    • New
      $1,185,000
      Pending

      New Hyde Park Storefront Building

      Freestanding commercial building in high-traffic New Hyde Park location.
      411 Jericho Tpke, New Hyde Park, NY 11040
      View Details
    • $1,250,000

      Jericho Turnpike Commercial Space

      850 sq ft commercial property on Jericho Turnpike.
      308 Jericho Tpke, New Hyde Park, NY 11040
      View Details
    • $1,185,000
      Pending

      New Hyde Park Commercial Building

      Freestanding building in high-traffic New Hyde Park location.
      411 Jericho Tpke, New Hyde Park, NY 11040
      View Details
    • $420,000
      Pending

      Thriving Hibachi & Sushi Restaurant

      Profitable hibachi and sushi restaurant for sale in Garden City Park.
      Jericho Tpke, Garden City Park, NY 11040
      View Details
    • $1,349,000

      Turnkey Auto Shop in New Hyde Park

      Fully equipped auto and body shop with office and basement.
      120 S 2Nd St, New Hyde Park, NY 11040
      View Details
    • $2,380,000

      Commercial Building on Jericho Turnpike

      Freestanding building on busy corridor, stable tenant in place.
      2002 Jericho Tpke, New Hyde Park, NY 11040
      View Details
    • $1,349,000

      Turnkey Auto Shop For Sale

      Fully equipped auto and body shop with office and basement.
      120 S 2Nd St, New Hyde Park, NY 11040
      View Details
    • $2,588,888

      Jericho Turnpike Investment Opportunity

      Mixed-use property with retail, office, and residential income potential.
      2172 Jericho Tpke, Garden City Park, NY 11040
      View Details
    • $1,499,999

      Updated Two-Family House For Sale

      Updated two-family house near shopping, transport, and highways.
      39 Old Stewart Ave, New Hyde Park, NY 11040
      View Details
    • Contact for pricing

      Auto Showroom & Warehouse For Sale

      Auto showroom and warehouse with yard space for sale/lease.
      2070 Jericho Tpke, New Hyde Park, NY 11040
      View Details
    • $299,999

      Prime Corner Retail/Office Opportunity

      Well-maintained building on a busy corner, ideal for retail/office use.
      3415 Rochester Rd, Lakeville, NY 14480
      View Details
    • $1,050,000

      Distribution Warehouse with High Ceilings

      28,544 SF distribution warehouse near Rt 390 exit.
      5813 Stone Hill Rd, Lakeville, NY 14480
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Spacious medical condo with prime location and modern amenities.
    Where is this medical office space located?
    The property is located at 1575 Hillside Ave New Hyde Park, NY.
    What are key features of this property?
    This property features: - Prime location in New Hyde Park with easy access to Northwell and LIJ hospitals and major highways.; - Spacious 1,485 sq ft medical unit with a functional layout including a waiting room, reception area, lab room, three exam rooms with sinks, and two consultation rooms.; - Reserved parking for owners and ample patient parking, including covered parking.
    Request Owner's contact information
    1575 Hillside Ave New Hyde Park, NY 11040
    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.
    1575 Hillside Ave
    New Hyde Park, NY 11040
    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
    1575 Hillside Ave New Hyde Park, NY 11040
    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

    We can help!
    Listing Contact
    Anthony Briguglio
    Real Estate License ID: 10491212878
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!