Building Details

Building Size 7,425 SF

Year Built 1959

Buildings 1

Stories 2

Units 1

Listing Agency: Douglas Elliman Comm of LI LLC m***@elliman.com Show Phone

Listed By: Ben Indiviglia Jr · License #10401224061 Show Phone

Source: Clairedleone

Added: Sep 25, 2025 Changed: Oct 23 Last Checked: Oct 23 at 5:43PM

Report an Issue

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 Douglas Elliman Comm of LI LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This freestanding industrial warehouse contains 7,425± square feet, including 1,800± square feet of second-floor mezzanine office and storage. The building has a 14-foot roll-up door, a loading dock, 18-foot ceilings, LED lighting and two skylights. Southern-facing windows provide additional natural light. Three heating units and one AC unit serve the space.

Electrical service is 400 amp, 240-volt, 3-phase. A 1-ton crane operates at heights of 10–14 feet and spans 50 feet. The property was built in 1959 and has industrial zoning.

Key Highlights

• 7,425± square feet, including 1,800± square feet of mezzanine office and storage
• 14‑foot roll‑up door and loading dock
• 400 amp, 240 Volt, 3‑Phase Electric

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$129,032

Cap Rate

8.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,580,640 $2.6M

Cap Rate 7%

$1,843,314 $1.8M

Cap Rate 9%

$1,433,689 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,425 SF

Gross rent

$163.1K $21.96/SF

− Vacancy

−$11.3K −$1.52/SF

EGI

$151.8K $20.44/SF

− OpEx

−$22.8K −$3.07/SF

NOI

$129.0K $17.38/SF

Area

Nassau County, NY

Vacancy

6.90%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,580,640

Cap Rate 7%

$1,843,314

Cap Rate 9%

$1,433,689

Alternative Uses

Best Use

Warehouse

$1.84M

$1.61M – $2.15M (±1% cap)

NOI $129,032 @ 7.0% cap · market cap 8.91%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$4.91M

$4.30M – $5.73M (±1% cap)

NOI $343,648 @ 7.0% cap · market cap 23.73%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Center-Island Electric Corporation General Contractor

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Skin Care Clinic Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18 ft

Clear height

1

Dock-high doors

Location Intelligence

Trade Area within ½ mile

869

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 11575, NY

18,048

Population

4,597

Households

3.9

Avg Household Size

35

Median Age

28%

College-Educated

86%

High-School Grad

1.8 sq mi

ZIP Area

10,027

Density / Sq Mi

$133,534

Median Household Income

$41,477

Median Earnings

$2,579

Median Rent

$457,100

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Frequently Asked Questions

What type of property is this?

Warehouse - Freestanding industrial space combines warehouse operations with mezzanine office and storage areas.

Where is this warehouse located?

The property is located at 96 Nassau Road Roosevelt, NY.

What is the asking price?

The asking price for this property is $1,448,000.

What are key features of this property?

This property features: 7,425± square feet, including 1,800± square feet of mezzanine office and storage; 14‑foot roll‑up door and loading dock; 400 amp, 240 Volt, 3‑Phase Electric