Property profile

575 Underhill Blvd Syosset, NY 11791

FOR LEASE
Distribution centers
Property ID
US63-6280811
36,605 SF 16.6 ac lot Built 1956
Entity Owned 8-yr Hold Free & Clear
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575 Underhill Blvd, Syosset, NY 11791 For Lease
Contact for pricing 235,000 SF available
575 Underhill Blvd, Syosset, NY 11791
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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

Current use

Occupant on record · Public records
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store
  • Big Box & Wholesale Store
  • Law Firm
  • Law Firm

Location

575 Underhill Blvd Syosset, NY 11791
Syosset metro Census 518300 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$150k

Owner & transaction history

since 2018
7 recorded transactions
2025
Price N/A
2023
Price N/A
2021
Price N/A
2019
Price N/A
2018
Price N/A
2007
$10
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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