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    Property profile & analytics
    OFF-MARKET Estimated value $1,020,000
    Office buildings

    381 Sunrise Hwy, Lynbrook, NY 11563-3025

    7,650 SF 0.72 ac lot Built 1934
    Entity Owned 17-yr Hold ~ Est. High Equity
    Property ID
    US63-5927372
    Property summary
    AI-generated overview

    This exceptional multi-use commercial property, located at 381 Sunrise Highway in Lynbrook, NY 11563, offers a diverse range of office and retail spaces. The six-story building, constructed in 1962, boasts a total of 58,967 square feet situated on a 1.68-acre lot in Nassau County. The property is classified as Class B and features a variety of suite sizes to accommodate various business needs. Retail space totaling 2,497 square feet is immediately available, while office spaces range from 1,115 to 3,538 square feet, spread across multiple floors. The building caters to diverse business models, including medical, creative, traditional, coworking, and executive office spaces. The property offers approximately 25 parking spaces, supplemented by permit parking in a Village of Lynbrook lot adjacent to the building. This prime location on the busy Sunrise Highway ensures high visibility and accessibility. A work letter is negotiable, and immediate occupancy is possible. This presents a unique opportunity to secure a versatile and well-situated commercial space in a thriving Nassau County market.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1934
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 7,650 SF
    Lot 0.72 ac (31,537 SF)
    APN 38-454-00-0004
    UPID US63-5927372
    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
    • InterSoft Associates, Inc. (Bike/Boat/Book/etc) Store Corporate Office
    • Fiss Chiropractor Physician
    • Central Home Care Pharmacy
    • Cancos Tile & Stone Hardware & Home Improvement Carpet & Flooring Store
    • Rena Rauch, LCSW Foster Care Service Social Service Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $632k
    Blend (final) Blend
    $1.02M
    Owner & transaction history
    Lynbrook Sunrise Realty L · 17 yrs held
    Lynbrook Sunrise Realty L
    since 2008
    6 recorded transactions
    2021
    2008
    $7.0M
    1994
    $2.3M
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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