Active

25 Nassau Lane

Island Park NY, 11558

$1,850,000


Active

Commercial

Built in 2013

Calling All Developers, Investors & End-Users!!! 13.12 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 13.12 Cap!!!)

3516974

MLS ID

November 16, 2023

Listed

July 13, 2024

Updated

Map

25 Nassau Lane
Island Park NY, 11558

Interior Features

Total Stories

1


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.42 Acres


Sewer

None

Other Property Details

Taxes

$43,321


Tax Frequency

Annually


Garage

No


View

No


County

Nassau


Municipality

Hempstead


Pool

No

Listing History

Date

Event

Price

5/14/2024

Price Change

$1,850,000

-6%

2/7/2024

Price Change

$1,950,000

-3%

2/1/2024

Price Change

$1,950,000

-3%

12/15/2023

Price Change

$2,000,000

-7%

Listed by Richard Matt Shane  with All Island Estates Realty Corp
Listing Contact: 516-783-5600 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Ann Ferguson shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 6:11 PM UTC, 7/13/2024

  

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