Office Building in Lynbrook, NY
$6,399,000
15 Atlantic Avenue, Hempstead, NY 11563
For Sale
Office
Building
Active
Last Updated: 03/27/2025
3.78
Cap Rate
241,850
NOI
Details:
Cap Rate: 3.78%
NOI: $241,850
Pro Forma Cap Rate : 5.75%
Building Size: 13,000 sqft
Lot Area: 4,550 sqft
Occupancy: 63%
Class: B
Lease Type: Modified Gross
Year Built: 1927
Price Per Sqft: $492.23
Tenancy: Multiple
Floors: 4
Year Last Renovated: 2022
Investment Strategy: Value Add
Highlights:
- For Sale: Office Building in Lynbrook, NY with Several Tenants
- Office has a Few Vacancies - Provides for Great Lease-Up Opportunities
- Building has a Basement
- Located in the Heart of the Town of Lynbrook - Surrounded by Several Shops and Restaurants
- Located Within Walking Distance to the Lynbrook LIRR Train Station
Description:
At this location is a multitenant office building with some vacancies. These vacancies provide for great lease-up opportunities. The building has a basement and it is located in the heart of Lynbrook. It is located within walking distance to several retail spaces and amenities as well as the Lynbrook LIRR train station.
Documents:
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Lynbrook__15_Atlantic_Ave__Offering_Memorandum_.pdf
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Location
Gallery
