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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    370 Crossways Park Dr Woodbury, NY 11797-2050

    • Manufacturing properties
    • 6,807 SF
    • 1.29 lot acres
    OFF-MARKET
    Value Estimations
    $4,230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0099160
    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.

    Current Use by Public Records

    • Integrated Dental / Dental Office
    • Jurim Dental Group / Dental Office
    • Led Equipped / Auto Parts Store
    • Wireless Channels / Mobile Phone Store / Electronics & Wireless Store
    • Jurim Dental Academy / High School / Vocational School

    Property Details for 370 Crossways Park Dr

    Year built
    1967
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.29 lot acres
    Property size
    6,807 SF
    Property type
    Manufacturing properties
    APN
    15-184-00-0028
    APU
    15184000028

    Description

    This exceptional 15,300-square-foot Class A property at 370 Crossways Park Drive in Woodbury, NY, presents a unique opportunity for businesses seeking flexible space. Located in Nassau County, this single-story building boasts a desirable light industrial zoning designation. Built in 1969 and extensively renovated in 1998, the property offers a blend of modern amenities and established infrastructure. The entire 15,300 square feet is currently vacant, providing immediate occupancy for a single tenant or the potential for multiple tenants. The high ceilings, ranging from 13 to 14 feet, accommodate a variety of uses, while the convenient single drive-in bay enhances operational efficiency. The property's classification as both Executive Office and Warehouse space makes it ideal for companies needing a combination of office and storage or production areas. Its location in Woodbury, NY, 11797, offers easy access to major transportation routes, making it an attractive location for businesses seeking convenient commutes and logistics. This is a rare opportunity to secure a substantial, fully vacant, Class A property in a prime Nassau County location. The property is zoned for light industry, providing versatility for various business types.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $4,105,000
      Current use
      RESTAURANT
      $6,045,000
      Change: +47% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $5,970,000
      Change: +45% Conversion: Difficult
      OFFICE BUILDING
      $4,805,000
      Change: +17% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,475,000
      Change: +9% Conversion: Easy
      COMMERCIAL (GENERAL)
      $4,405,000
      Change: +7% Conversion: Difficult
      RETAIL STORES
      $3,880,000
      Change: -6% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Woodbury
    County
    Nassau
    State
    New York
    Longitude
    -73.4845
    Latitude
    40.8056
    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
    $135,343
    $9,859
    $11,547
    $21,406
    -
    $0.00
    $0.00
    $2,140,600

    Comparable in this City

    • Value Estimation
      $3,775,000
      22,092 SF

      110 Crossways Park Dr

      MANUFACTURING (LIGHT) • 22,092 SF
      110 Crossways Park Dr, Woodbury, NY 11797-2043
      View Details
    • Value Estimation
      $2,930,000
      16,344 SF

      234 Crossways Park Dr, Unit 240

      HEAVY MANUFACTURING • 16,344 SF
      234 Crossways Park Dr, Woodbury, NY 11797-2015
      View Details
    • Value Estimation
      $1,970,000
      18,053 SF

      240 Crossways Park Dr

      HEAVY MANUFACTURING • 18,053 SF
      240 Crossways Park Dr, Woodbury, NY 11797-2033
      View Details
    • Value Estimation
      $8,125,000
      40,091 SF

      150 Crossways Park Dr, Unit 170

      HEAVY MANUFACTURING • 40,091 SF
      150 Crossways Park Dr, Woodbury, NY 11797-2058
      View Details
    • Value Estimation
      $3,565,000
      18,053 SF

      240 Crossways Park Dr

      HEAVY MANUFACTURING • 18,053 SF
      240 Crossways Park Dr, Woodbury, NY 11797-2033
      View Details
    • Value Estimation
      $1,640,000
      13,448 SF

      1 Crossways Park Dr

      HEAVY MANUFACTURING • 13,448 SF
      1 Crossways Park Dr, Woodbury, NY 11797-2006
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      35,123 SF

      Crossways Park Flex Space Available

      Standalone flex building in Crossways Office/Industrial Park.
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    • $2,150,000
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      Woodbury Office Building Investment

      Multi-tenant medical/office building, high occupancy.
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      Woodbury Road Land Opportunity

      Land available on Woodbury Road, Woodbury, NY.
      750-770 Woodbury Rd, Woodbury, NY 11797
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    • $7,490,000
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      Woodbury Retail Investment Opportunity

      Single-tenant retail building leased to Bank of America in Woodbury, NY.
      8225 Jericho Tpke, Woodbury, NY 11797
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    Similar Nearby for Lease

    • Contact for pricing
      3,900 SF

      Industrial Space in Crossways Park

      Industrial spaces available for lease in Woodbury, New York.
      400 Crossways Park Dr, Woodbury, NY 11797
      View Details
    • Contact for pricing
      104,544 SF

      Redevelopment Project Near Major Routes

      Proposed 145,200 SF redevelopment project near I-496 and Route 135.
      1 Media Crossways, Woodbury, NY 11797
      View Details
    • Contact for pricing
      85,722 SF

      Woodbury Common Executive Suites

      Prime Nassau County Office Space Available
      0 Jericho Tpke. & Woodbury Rd, Woodbury, NY 11797
      View Details
    • Contact for pricing
      51,769 SF

      Office Building Near Major Expressways

      Office building with immediate access to major Long Island expressways.
      101 Crossways Park Dr W, Woodbury, NY 11797
      View Details
    • Contact for pricing
      1,538 SF

      Woodbury Office Space for Rent

      Office space with excellent access and ample parking.
      135-175 Froehlich Farm Blvd, Woodbury, NY 11797
      View Details
    • $2,200 /Mo
      1,000 SF

      Woodbury Office Space For Lease

      Premier Woodbury office building with included utilities and ample parking.
      144 Woodbury Rd, Woodbury, NY 11797
      View Details
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    370 Crossways Park Dr
    Woodbury, NY 11797-2050
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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