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Property profile & analytics
OFF-MARKET Estimated value $585,000
Sports & entertainment properties

1350 Un Tpke New Hyde Park, NY 11040-1700

47,864 SF 3.74 ac lot Built 1960
Entity Owned Absentee Owner Free & Clear
Property ID
US63-3175836
Property summary
AI-generated overview

This exceptional freestanding property at 1350 Union Turnpike in New Hyde Park, NY, offers a unique opportunity for businesses seeking flexible office or medical space. Located in Nassau County, this 51,004 square foot building sits on a generous 3.74-acre lot and boasts high ceilings ranging from 14 to 18 feet. The property is currently fully vacant, providing immediate occupancy for a single tenant or the ability to divide the space into multiple units. Minimum divisible space starts at 1,403 square feet, with a maximum contiguous space of 49,601 square feet, catering to a wide range of business needs. The building's prime location within the thriving New Hyde Park/Lake Success trade area offers unparalleled access to a robust business community, including over 6 million square feet of office and medical space within a two-mile radius. Its proximity to a major shopping center, with a Target store soon to open, ensures high visibility and convenient amenities for employees and clients. This versatile property is ideal for a variety of uses, making it an exceptional investment opportunity in a highly sought-after location. The property is zoned for retail, office, and medical uses. The address is 1350 Union Turnpike, New Hyde Park, NY 11040.

Property profile
Verified
Property type Sports & entertainment properties
Use group RECREATIONAL, ENTERTAINMENT
Year built 1960
Total area 47,864 SF
Lot 3.74 ac (162,914 SF)
APN 08-235-00-0017
UPID US63-3175836
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$545k
CAP Approach CAP
by Request
Comparable Approach Comparable
$622k
Blend (final) Blend
$585k
Owner & transaction history
CAROLDEE REALTY CORP
CAROLDEE REALTY CORP
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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