Technical
Financial
Distress signals
Property profile

511 Ocean Ave Massapequa, NY 11758

OFF-MARKET
Banks
Property ID
US63-4202242
0.03 ac lot
Entity Owned 19-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A medical office building, located at 511 Ocean Avenue in Massapequa, NY, presents a unique leasing opportunity. The property boasts 17,899 square feet of space, divisible to a minimum of 250 square feet and offering contiguous space up to 8,950 square feet. Situated on a 0.23-acre lot, this two-story building features ample parking (approximately 50 spaces), conveniently located across the street and supplemented by street parking. The building is equipped with an elevator, a state-of-the-art security system, central air and heat, and a sprinkler system. Significant investment, exceeding $1 million, has been made in advanced technology, including a cutting-edge data and command center. A natural gas generator ensures building-wide power reliability, complemented by underground electric and data providers. The building's strategic location on Ocean Avenue, just one block from the Massapequa LIRR station and minutes from major roadways (Sunrise Highway, Merrick Road, and Seaford-Oyster Bay Expressway), provides exceptional accessibility. Surrounded by national retailers, this property offers high visibility and convenient access for patients and staff. The zoning is NB, and the building is situated in Nassau County within the Nassau County submarket. Space can be customized to meet the specific needs of the right tenant.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Lot 0.03 ac (1,123 SF)
APN 52-210-00-0533
UPID US63-4202242

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Coworking & Hybrid Office
  • Physician
  • Theater & Performing Art Venue Nightclub
  • Real Estate Agency
  • Law Firm

Location

511 Ocean Ave Massapequa, NY 11758-4606
Massapequa metro Census 521200 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2007
3 recorded transactions
2007
$1.9M
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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