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Property profile & analytics
FOR LEASE
Manufacturing properties

50 Nassau Terminal Rd New Hyde Park, NY 11040

42,120 SF 0.98 ac lot Built 1950
Entity Owned Absentee Owner Free & Clear
Property ID
US63-3521588
Property summary
AI-generated overview

This exceptional 50,570-square-foot industrial property in New Hyde Park, NY, presents a rare owner-user opportunity. Located in Western Nassau County, this distribution, manufacturing, or warehouse space boasts excellent access to major transportation arteries, including the Long Island Expressway (I-495) and the Northern State Parkway. Its strategic location, just minutes from the Queens border and other NYC boroughs, makes it ideal for businesses serving the New York City metropolitan area. The property, delivered vacant at closing, has undergone significant capital improvements and is ready for immediate occupancy. Features include a large fenced yard with an approximately 800-square-foot concrete shed, ample on-site parking for approximately 70 vehicles, and convenient access to major roadways. The building is fully sprinklered and connected to the sewer system. The asking price is $13,950,000, representing a price per square foot of $275.86. The 2.2-acre lot provides significant flexibility and potential for future expansion. This is a turnkey solution for businesses seeking a strategically located, well-maintained industrial asset in a thriving market.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 42,120 SF
Lot 0.98 ac (42,471 SF)
APN 33-00K-00-0001-K
UPID US63-3521588
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
  • Hollywood DJs Event Planners Nightclub Music Venue
  • Artisan Silkscreen & Embroidery Inc. (Bike/Boat/Book/etc) Store Printing Service
  • Rethink Your Ink (Bike/Boat/Book/etc) Store Printing Service
  • Making Your Dreams Reality Events Party Supply Store Rental Equipment Company
  • Lil Athletes Sports Gym & Fitness Center Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.53M
Owner & transaction history
CASTRO REALTY CORP
CASTRO REALTY CORP
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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