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Property profile & analytics
OFF-MARKET Estimated value $2,850,000
Office buildings

15 Verbena Ave Floral Park, NY 11001-2793

4,460 SF 1.03 ac lot Built 1963
Entity Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US63-6061114
Property summary
AI-generated overview

This exceptional Class A executive office building, located at 15 Verbena Avenue in Floral Park, New York, presents a unique investment opportunity. Boasting 40,728 square feet of meticulously maintained space, this two-story building sits on a 1.02-acre lot and offers a compelling price per square foot of $300. A complete renovation was undertaken in 2008, ensuring modern amenities and high-quality finishes throughout. The second floor features an office-intensive layout exceeding standard installations. On-site parking is provided with gated access, and additional municipal parking is conveniently located across the street. The property's prime location offers easy access to major transportation arteries, including the Long Island Rail Road station, providing a 35-minute express commute to Penn Station. Furthermore, the Cross Island Parkway is just half a mile away, enhancing regional accessibility. Adding to its appeal is a large, landscaped interior courtyard, providing a tranquil and inviting outdoor space for tenants and staff. This property represents a rare combination of size, location, and modern amenities, making it an ideal acquisition for discerning investors seeking a high-quality executive office building in a desirable Long Island location. The building's address is 15 Verbena Ave, Floral Park, NY 11001, within Nassau County.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1963
Construction STEEL FRAME
Total area 4,460 SF
Lot 1.03 ac (44,997 SF)
APN 32-121-00-0011
UPID US63-6061114
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
Current use
Occupant on record · Public records
  • Marc's Unique Antiques Real Estate Agency
  • Chase Mortgage Loan Service Bank
  • MADDD EQUITIES LLC Construction Company General Contractor
  • DMK Management Consulting and Advisory Business Management Consultant
  • QIRT (Quality In Real Time) Home Health Care Service Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.85M
Owner & transaction history
Verbena Assocs LLC · 7 yrs held
Verbena Assocs LLC
since 2018
7 recorded transactions
2022
Price N/A
2018
Price N/A
2015
Price N/A
2015
$9.7M
2015
Price N/A
2007
$3.4M
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $3.9M +24.3%
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