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    Property profile & analytics
    OFF-MARKET Estimated value $625,000
    Office buildings

    950 Jericho Tpke, Westbury, NY 11590-1528

    1,568 SF 0.14 ac lot Built 1958
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US63-5340468
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a two-story, 2,906 square foot office building situated on a 6,150 square foot lot at 950 Jericho Turnpike in Westbury, New York, zip code 11590. Built in 1958, the property boasts excellent visibility and signage on a heavily trafficked thoroughfare, benefiting from easy access to the Long Island Expressway and Northern State Parkway. Currently configured as a multi-tenant building, the first floor houses four tenants on month-to-month leases, while the second floor features a single tenant with a private entrance, also on a month-to-month lease. The building can be delivered vacant, offering flexibility for the new owner. The property includes 12 parking spaces and is zoned for Business A use. With a total asking price of $1,450,000, this translates to a price per square foot of $498.97. This lender-owned property presents a compelling opportunity for investors seeking a well-located, adaptable commercial space in a thriving Nassau County market. The building's existing tenant structure provides immediate income potential, while the vacant delivery option allows for complete customization and repositioning to suit a variety of business needs.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1958
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 1,568 SF
    Lot 0.14 ac (6,147 SF)
    APN 11-372-00-0016
    UPID US63-5340468
    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
    • Manners & Malone, PLLC Law Firm
    • David Ullman, P.C. Law Firm
    • oof repairs llc Mobile Phone Store Electronics & Wireless Store
    • Iglesia Faro & Vida Church
    • Amecan Inc. Financial Advisor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $625k
    Owner & transaction history
    Carmichael Jy LP · 2 yrs held
    Carmichael Jy LP
    since 2024
    6 recorded transactions
    2024
    $811,000
    2000
    1969
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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