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    FOR LEASE
    Distribution centers

    575 Underhill Blvd, Syosset, NY 11791

    36,605 SF 16.6 ac lot Built 1956
    Entity Owned 8-yr Hold Free & Clear
    Property ID
    US63-6280811
    575 Underhill Blvd, Syosset, NY 11791 For Lease
    $26 SF/Yr 235,000 SF available
    575 Underhill Blvd, Syosset, NY 11791
    View Listing →
    Property summary
    AI-generated overview

    This exceptional 235,000-square-foot, two-story building in Nassau County offers a unique blend of office and industrial space, perfect for a variety of businesses. Situated on a 16.6-acre lot at the corner of Jericho Turnpike and Underhill Boulevard, this multi-tenant property boasts convenient access to major transportation routes, including the Long Island Railroad (Syosset Station), Routes 135, 106, and 107. The building features ample parking, ensuring convenient access for employees and clients. Individual suites range from 3,900 to 10,000 contiguous square feet, with a total of 13,900 square feet currently vacant. Building amenities include 24/7 tenant access, a convenient on-site café, and full handicap accessibility. This prime location in central Syosset places your business within a thriving business community, benefiting from a highly skilled workforce and proximity to hotels and shopping centers. The strategic location near North Shore LIJ Hospital further enhances its appeal. This property presents a rare opportunity to establish your business in a highly desirable and well-connected area of Long Island. Contact us today to learn more about available spaces and lease options.

    Property profile
    Verified
    Property type Distribution centers
    Use group DISTRIBUTION WAREHOUSE
    Year built 1956
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 36,605 SF
    Lot 16.6 ac (722,965 SF)
    APN 15-169-00-0020
    UPID US63-6280811
    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
    • Hypha HubSpot Development Marketing & Advertising (Bike/Boat/Book/etc) Store
    • Doreen Jewelry Co (Bike/Boat/Book/etc) Store
    • GH Cabinetry Inc. Big Box & Wholesale Store
    • Shein & Associates: Jeffrey S. Shein Law Firm
    • Law Office of Dean Mastrangelo, PC Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $3.61M
    Owner & transaction history
    575 Underhill Owner LLC · 8 yrs held
    575 Underhill Owner LLC
    since 2018
    7 recorded transactions
    2025
    2023
    2021
    2019
    2018
    2007
    $10
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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