Check Availability
$1,950,000
↓ $50K (2.5%)
House - For Sale

25 Nassau Lane

Island Park, NY 11558
bedrooms
Studio
bathrooms
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
Richard Matt Shane
All Island Estates Realty Corp
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

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 328
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Land Acres: 0.008
  • Legal Description 1: TOWN #1 SCH DIST 031

Ownership

  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Island Park Union Free School District
  • School Tax School District: 031
  • School Tax District Code 2: IP
  • Census Tract: 416202

Geography

  • District: 282021
  • Section: 43
  • Parcel: 43-015-00-0001
  • Block: 15
  • Lot: 1
  • Municipality: ISLAND PARK
  • Latitude: 40.6021
  • Longitude: -73.6545

    Address

  • Full Address: 25 Nassau Ln
  • Address - House Number: 25
  • Address - Street Name: Nassau
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Island Park
  • Carrier Code: C001
  • 4-Digit Zip Code: 1503
  • Zip Code: 11558

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 362

    Market Valuation

  • Market Total Value: $1,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1
  • Assessed Land Value: $1

    Exemptions

  • Veteran Exemption: Yes

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
3 Baths
-
$1,500,000 Nov 12, 2020
$1,500,000 Jun 16, 2021
$2,215/mo
House
4 Beds
3 Baths
-
$1,750,000 Aug 2, 2020
$1,750,000 Mar 15, 2021
$2,122/mo
House
5 Beds
4 Baths
-
$1,999,000 Nov 8, 2023
-
$1,278/mo

About Island Park


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Frequently Asked Questions

When was property at 25 Nassau Lane built and last sold?
The property at 25 Nassau Lane was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 25 Nassau Lane is $1,969,500.
What are some comparable homes to 25 Nassau Lane?
Homes that are comparable to 25 Nassau Lane include a house property at 93 Dalton Street, 243 Pennsylvania Avenue, 96 Dalton Street.

Nearby Counties
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