351 Main St, Freeport, NY 11520-5114
- Office buildings
- 6,160 SF
- 0.51 lot acres
Current Use by Public Records
- DaVita Freeport Kidney Center / Medical Clinic
Property Details for 351 Main St
- Year built
- 2001
- Construction
- STEEL FRAME
- Lot size
- 0.51 lot acres
- Property type
- Office buildings
- APN
- 62-044-00-0387
- APU
- 62044000387
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 13, 2025 | — | 351 South Main St LLC | The Morris Diamond Trust | Bargain & Sale Deed | — |
| Aug 2, 2016 | $2,595,000 | Diamond,morris Trust | Thirteenth Avenue Park Venture | Grant Deed | — |
| Oct 9, 2013 | $775,000 | Thirteenth Ave Park Venture Ll | Registered Holders Of Ge Busn Loa | Grant Deed | — |
| Nov 28, 2012 | — | Fargo Bk NA Serie 2006-2 Wells | General Elec Cap Corp | Grant Deed · related | — |
| Apr 10, 2012 | $1,506,338 | General Elec Cap Corp | Ocean Marin INC | Warranty Deed | — |
| — | — | Thirteenth Ave Park Venture Ll | — | Deed Of Trust · related | $500k · Ilana Kahn |
Description
This Freeport, NY medical office building offers a compelling investment opportunity. The 7,360 square foot, two-story building is 100% occupied by DaVita Kidney Care under a NNN lease with a corporate guarantee. The current lease has approximately 4.4 years remaining, with three, five-year renewal options and annual rent increases. The property boasts a strong 5.75% cap rate (5.89% pro-forma) and a substantial NOI of $191,065 ($195,824 pro-forma). Built in 2001, the building sits on a 22,072 square foot lot and includes 45 parking spaces. Conveniently located at 351 S Main St, Freeport, NY 11520, it's minutes from the Freeport LIRR station and JFK International Airport. The property is zoned for Marine Industries and presents a stable, high-return investment with a long-term tenant. The asking price is $3,322,870, translating to $451.48 per square foot. This is a fee simple ownership opportunity with a proven track record of occupancy since March 19, 2014.
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Location Insight
- Map
- Local Demand
- City
- Freeport
- County
- Nassau
- State
- New York
- Longitude
- -73.5755
- Latitude
- 40.6478
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
