109 Hillside Ave New Hyde Park, NY 11040
Property profile & analytics
109 Hillside Ave New Hyde Park, NY 11040
- Retail space
- 11,278 SF
- 0.54 lot acres
Property ID
US63-1511236
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 109 Hillside Ave
- Year built
- 2005
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.54 lot acres
- Property size
- 11,278 SF
- Property type
- Retail space
- APN
- 08-242-00-0007
- APU
- 8242000007
Description
This exceptional investment opportunity presents a 11,278-square-foot Walgreens located at 109 Hillside Ave, New Hyde Park, NY 11040, in Nassau County. The property boasts a 25-year absolute NNN lease with a corporate guarantee from Walgreens, providing significant financial stability. With 5.6 years remaining on the current lease term and nine 5-year renewal options, this investment offers long-term security and predictable cash flow. The property features 34 parking spaces and sits on a 0.54-acre lot, zoned for commercial stores and retail outlets. Built in 2005, the building enjoys 100% occupancy, generating a net operating income (NOI) of $270,000 and a 7.50% cap rate. The asking price is $3,600,000, translating to $319.21 per square foot. The property benefits from its strategic location, just 1.5 miles from Cross Island Parkway (186,500 vehicles per day), and is surrounded by other major retailers, including Stop & Shop, Five Below, PetSmart, and T.J. Maxx. The strong demographics of the area, with 745,000 residents and 294,000 employees within a 5-mile radius, further enhance the investment's appeal. This is a leasehold interest in the building. The APN is 08-242-00-0007.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- New Hyde Park
- County
- Nassau
- State
- New York
- Longitude
- -73.7
- Latitude
- 40.7397
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$32,971
$3,534
$2,457
$5,991
-
$0.00
$0.00
$599,100
