160 Oak Dr - Flex FOR SALE


Syosset, NY 11791
$2,700,000 USD
917-715-1632
160 Oak Dr, Syosset, NY for Sale
$2,700,000 USD
Flex - FOR SALE
1/4
null | 6.86% Cap Rate

160 Oak Dr
Syosset, NY 11791


OVERVIEW

Parcel#: 2489-15-G-00-0033-0 / Block & Lot#: G / 33 Building Size: 14,888 Square Feet Lot Size: 30,056 Square Feet / 0.69 Acres 40 Space Parking Lot Zoning: Light Industry (LI) Year Built / Renovated: 1978 Type of Ownership: Fee Simple 1 Tenant: Currently Double Net Leased Property, Landlord Only Responsible for the Real Estate Taxes PAY-O-MATIC has a long operating history (over 15 years) at this location Lease Commencement: December 1, 2024 Lease Expiration: November 30, 2027 There is a 6-month cancellation clause for both the tenant and the landlord Rent Escalations: 3% Annually Double Net Operating Income is currently $323,131.56 annually The current real estate taxes are approximately at $138,000 annually. Tenant is responsible for Insurance, Common Area, Roof & Structure, HVAC and Utilities

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$181 USD /SF

CAP RATE

6.86%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

10 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.69

LAND SF

30,056

ZONING

LI

APN/PARCEL ID

2489-15-G-00-0033-0

ASK ABOUT THIS PROPERTY

Ariel KowalskyAriel KowalskyMore Info
917-715-1632

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Ariel KowalskyAriel KowalskyMore Info
917-715-1632

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.