Melville Office Building For
60 Broadhollow Rd Melville, NY 11747
For Sale
Contact for pricing
Pending
17,280 SF office building available in Melville, NY.
Property Size17,280 SF
Days on Market677
Property Features for 60 Broadhollow Rd
General Information
Standard status
Pending
Size
17,280 SF
Property subtype
Office
Listing Agency:
Colliers - Long Island/Jericho, New York
Listed By:
Steven D'Orazio · License #40DO1095219
Source:
Crexi
Added: Sep 19, 2024
Changed: Jul 6
Last Checked: Jul 26 at 4:52PM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- No property information was provided to analyze.
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
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
NOI $368,500 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
