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Map
$1,950,000
↓ $50K (2.5%)
●
House -
For Sale
25 Nassau Lane
Island Park, NY 11558
Studio
0 Bath
$13,185
Estimated Monthly
$0
HOA / Fees
-0.71%
Cap Rate
About This Property
Calling All Developers, Investors & End-Users!!! 12.14 Cap Mint A
Class Building/ LIRR Development Site For Sale!!! This MINT 8,668
Sqft. Office Building Is Situated On A Large 0.46 Acre Lot!!! The
Property Features Great Exposure, Excellent Signage, 86+ Parking
Spaces, Private Offices, Large Kitchen, 3 Conference Rooms, Large
Gated Yard, 12' Ceilings, 3 Phase Power, +++!!! Located In The
Heart Of Island Park At The Island Park Train Station!!! Neighbors
Include King Kullen, McDonald's, Walgreens, TD, Jordan Lobster,
Pop's, Wendy's, Starbuck's, Jimmy Hays Steak House, Dunkin', +++!!!
The Building Was Completely Renovated In 2013!!! The Building Was
Previously Home To A Large Successful Insurance Company!!! This
Property Offers HUGE Upside Potential!!! The Entire Building Can Be
Delivered Vacant If Need Be. This Could Be Your Next Development
Site / The Next Home For Your Business!!! Income:
Office: $242,704 Ann. NNN (Available) Expenses: Gas:
$0 Electric: $0 Water: $0 Taxes: $43,320.70
(Paid By The Tenant) Insurance: $0 Maintenance &
Repairs: $0 Total Expenses: $0 Net Operating Income
(NOI): $242,704 Ann. (Pro Forma NNN 12.14 Cap!!!)
Unit Size
-
Days on Market
166 days
Land Size
0.42 acres
Price per sqft
-
Property Type
House
Property Taxes
$3,610
HOA Dues
-
Year Built
-
Listed By
Last updated: 3 months ago (OneKey MLS #ONE3516974)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 1, 2024 | Price Decreased |
$1,950,000
↓ $50K
(2.5%)
|
|
Price Decreased | |||
Dec 15, 2023 | Price Decreased |
$2,000,000
↓ $150K
(7%)
|
|
Price Decreased | |||
Nov 16, 2023 | Listed by All Island Estates Realty Corp | $2,150,000 | |
Listed by All Island Estates Realty Corp | |||
Jun 23, 2022 | No longer available | - | |
No longer available | |||
May 14, 2022 | Price Decreased |
$1,850,000
↓ $38K
(2%)
|
|
Price Decreased |
Show More
Property Highlights
Exterior Details
Property Information
Square Footage : 8668
Property Type: Commercial Sale
Property Sub Type: Mixed Use
Year Built: 2013
Building Information
Building Area Units: Square Feet
Lot Information
Lot Size Acres: 0.42
Lot Size Square Feet: 18500
Financial Details
Tax Annual Amount: $43,321
Utilities Details
Heating: Natural Gas
Sewer : None
Location Details
Directions: Long beach Rd to Nassau Lane
County or Parish: Nassau
Other Details
On Market Date: 2023-11-16
Building Info
Overview
Building
Neighborhood
Geography
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
House
3
Beds
3
Baths
-
$1,500,000
Nov 12, 2020
$1,500,000
Jun 16, 2021
$2,215/mo
Sold
House
4
Beds
3
Baths
-
$1,750,000
Aug 2, 2020
$1,750,000
Mar 15, 2021
$2,122/mo