986-990 Sunrise Hwy - Medical FOR SALE


Babylon, NY 11702
$1,300,000 USD
212-430-5196
986-990 Sunrise Hwy, Babylon, NY for Sale
$1,300,000 USD
Medical - FOR SALE
1/45
null | Request Cap Rate

986-990 Sunrise Hwy
Babylon, NY 11702


HIGHLIGHTS

  • Subject property rests on a combined 0.43-acre parcel with +/- 2,700 square feet of leasable area.
  • NYU Langone has approximately one year remaining on its original ten (10) year double net (NN) lease.
  • The vacant undeveloped lot at 990 Sunrise Highway, is also zoned E-Business, and allows for various office and retail uses.
  • This vibrant portion of Sunrise Highway is traveled by over 87,000 vehicles daily, with many nearby demand drivers and synergistic national retailers.

OVERVIEW

Marcus & Millichap is pleased to present for sale 986-990 Sunrise Highway, an office property located in North Babylon, New York. The well-located subject property rests on a combined 0.85-acre parcel with +/- 2,711 square feet of leasable area. NYU Langone has approximately one year remaining on its original ten (10) year double net (NN) lease. The vacant undeveloped lot at 990 Sunrise Highway, is zoned E-Business, and allows for various office and retail uses. This vibrant portion of Sunrise Highway is traveled by over 87,000 vehicles daily, with many nearby demand drivers and synergistic national retailers including Target, Old Navy, HomeGoods, King Kullen, Michael’s, Rite Aid and much more. Access via the Southern Parkway and Robert Moses Parkway, further augmenting long term property value. North Babylon is an affluent, densely populated hamlet located in Southern Suffolk County on Long Island. The highly sought after Sunrise Highway corridor retail node has extremely high historical occupancy, as does the subject property. This offering represents a rare opportunity to acquire a trophy asset in a premier market. Additional information on this investment opportunity is available upon request.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$433 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

E - Business

APN/PARCEL ID

0100-162-00-01-00-016-000,0100-162-00-01-00-017-000

ASK ABOUT THIS PROPERTY

Michael TuccilloMarcus & MillichapMore Info
212-430-5196

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

Michael TuccilloMarcus & MillichapMore Info
212-430-5196

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