Price Reduced 13.95%

$1,850,000

Est. Mortgage $9,723/mo *

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Price History

$2,150,000
11/16/2023

$2,000,000
12/15/2023

$1,950,000
2/1/2024

$1,850,000
5/14/2024

25 Nassau Lane, Island Park, NY, 11558

25 Nassau Lane, Island Park, NY, 11558
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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!!!)

Status:

Active

Type:

Commercial

Units:

1

Zoning:

OfficeBldg

Heating:

Natural Gas

Levels:

1

Acreage:

0.42

Est. Taxes:

$43,321

MLS #:

3516974

Community Info

School Info

Walk Score

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Listing courtesy of All Island Estates Realty Corp 516-783-5600