25 Nassau BlvdGarden City South, NY 11530

Property Details for 25 Nassau Blvd

Year built

1938

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.04 AC

Property size (Sq ft)

1,300 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

33-489-00-0290

APU

33489000290

Description

This exceptional Class A retail property at 25 Nassau Blvd, Garden City South, NY 11530, presents a unique investment opportunity. The 3,600 square foot building, constructed in 1954, sits on a 0.197-acre lot and boasts 100% occupancy with a current dry cleaning business. The single-story structure offers ample space for continued operation as a dry cleaner or allows for conversion to other retail uses, given its prime location and high visibility. The property includes 12 parking spaces, a significant advantage in this area. The asking price is $1,250,000, translating to $347.22 per square foot. The lease features a remaining term of 100 years, providing long-term stability and security for the investor. The seller is open to carrying a first mortgage, making this an attractive proposition for buyers seeking financing options. This is a rare chance to acquire a well-established, high-performing retail property in a desirable Nassau County location. The property's strong financials, combined with its versatile potential, make it an ideal investment for both seasoned and emerging real estate investors. Don't miss this opportunity to secure a piece of Garden City's thriving commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $266,512

  6.5%

  $246,011

  7%

  $228,439

• Comparable approach

  Method

  Valuation

  Relative Method

  $263,280

  Geo Method

  $263,280

• Alternative Use

  Use

  Valuation

  Residential

  $246,011

  Hospitality

  $225,345

  Educational

  $187,484

  Medical

  $193,932

  Retail

  $291,642

Location Insight

City

Garden City

County

Nassau

State

New York

Latitude

40.7167

Longitude

-73.6607

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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