Office Building with Ample
990 Westbury Rd Westbury, NY 11590
For Sale
Contact for pricing
Office building on a 0.88-acre parcel with approximately 33,276 square feet and ample on-site parking.
Property Size33,276 SF
Lot Size0.88 Acres
Price / SF$189.33
Days on Market184
Property Features for 990 Westbury Rd
General Information
- Standard status
- Active
- Size
- 33,276 SF
- Lot size
- 0.88 Acres
- Property subtype
- OFFICE
Listing Agency:
Marcus & Millichap | Manhattan
(212) 430-5196
Listed By:
Michael Tuccillo · License #(S):NY:10301217094,NY:10491208938
(212) 430-5196
Source:
Moodyscre
Added: Jan 22
Changed: Jul 25
Last Checked: Jul 25 at 6:15PM
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 Marcus & Millichap | Manhattan
Investment Insights
Based on property information with market context.
The subject property is an office building situated on a 0.88-acre parcel with approximately +/- 33,276 square feet of space. The offering is positioned for an owner-user looking to place their business, and the property provides ample parking for visitors and staff.
The property is located near Roosevelt Field Mall, The Gallery at Westbury, Hofstra University, Nassau Community College, and the Westbury LIRR, supporting convenient access to a range of employment, education, and retail destinations. The marketing remarks also note the property’s great visibility.
With the combination of size, parking, and owner-user orientation, this property should be a straightforward option for businesses seeking to consolidate operations on-site.
The property is located near Roosevelt Field Mall, The Gallery at Westbury, Hofstra University, Nassau Community College, and the Westbury LIRR, supporting convenient access to a range of employment, education, and retail destinations. The marketing remarks also note the property’s great visibility.
With the combination of size, parking, and owner-user orientation, this property should be a straightforward option for businesses seeking to consolidate operations on-site.
Key Highlights
- Office building on a 0.88‑acre parcel with approximately 33,276 SF of space
- Ample on‑site parking
- Located near Roosevelt Field Mall, The Gallery at Westbury, Hofstra University, Nassau Community College, and the Westbury LIRR
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 | $930.4k | $27.96 |
| − Vacancy | −$167.5k | −$5.03 |
| EGI | $762.9k | $22.93 |
| − OpEx | −$190.7k | −$5.73 |
| NOI | $572.2k | $17.20 |
33,276 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$8.17M
$7.15M – $9.54M
NOI $572,194 @ 7.0% cap · market cap 9.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$22.00M
$19.25M – $25.67M
NOI $1,540,096 @ 7.0% cap · market cap 24.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Eastern Liquors USA
(Bike/Boat/Book/etc) Store
Sports Medicine & Spine ...
Medical Clinic
Alliance Brokerage Corporation
Insurance Agency
Stanford Alliance LLC
Consultant
Dr. Jeanette E. ...
Pediatrician
FAQs
What type of property is this?
Office building - Office building on a 0.88-acre parcel with approximately 33,276 square feet and ample on-site parking.
Where is this office building located?
The property is located at 990 Westbury Rd Westbury, NY.
What is the asking price?
The asking price for this property is $6,300,000.
What are key features of this property?
This property features: Office building on a 0.88‑acre parcel with approximately 33,276 SF of space; Ample on‑site parking; Located near Roosevelt Field Mall, The Gallery at Westbury, Hofstra University, Nassau Community College, and the Westbury LIRR
