Westbury Office Building For
950 Jericho Turnpike Westbury, NY 11590
For Sale
Contact for pricing
2,906 SF office building with month-to-month tenants.
Property Size2,906 SF
Price / SF$498.97
Days on Market913
Property Features for 950 Jericho Turnpike
General Information
- Standard status
- Active
- Size
- 2,906 SF
- Property subtype
- Office
Building Details
- Year Built
- 1958
Listing Agency:
Brown Harris Stevens Garden City
(516) 203-8134
Listed By:
David Sargoy · License #NY
Source:
Crexi
Added: Jan 25, 2024
Changed: Jul 6
Last Checked: Jul 25 at 3:13PM
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 Brown Harris Stevens Garden City
Investment Insights
Based on property information with market context.
This commercial real estate property is a 2,906 square foot office building. The first floor is occupied by four tenants, all operating under month-to-month leases. The second floor, accessible via a walk-up entrance, is occupied by a single tenant with a private entrance, also on a month-to-month lease.
Key Highlights
- Fully built‑out space in a two‑story building
- Floor 1: 4 tenants, month‑to‑month leases
- Floor 2: Single tenant, month‑to‑month lease
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 | $81.3k | $27.96 |
| − Vacancy | −$14.6k | −$5.03 |
| EGI | $66.6k | $22.93 |
| − OpEx | −$16.7k | −$5.73 |
| NOI | $50.0k | $17.20 |
2,906 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$713.9K
$624.6K – $832.8K
NOI $49,970 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,497 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Manners & Malone, PLLC
Law Firm
David Ullman, P.C.
Law Firm
oof repairs llc
Mobile Phone Store
Iglesia Faro & Vida
Church
Amecan Inc.
Financial Advisor
FAQs
What type of property is this?
Office units - 2,906 SF office building with month-to-month tenants.
Where is this office units located?
The property is located at 950 Jericho Turnpike Westbury, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Fully built‑out space in a two‑story building; Floor 1: 4 tenants, month‑to‑month leases; Floor 2: Single tenant, month‑to‑month lease
