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15 Atlantic Ave 14,203 SF 100% Leased Office Building Lynbrook, NY 11563 $7,000,000 ($492.85/SF) 7.34% Cap Rate
Investment Highlights
- For Sale: Office Building in Lynbrook, NY with Several Tenants
- Building has a Basement
- Located Within Walking Distance to the Lynbrook LIRR Train Station
- 100% Occupied, 44 Units - Totaling 5,309 SF
- Located in the Heart of the Town of Lynbrook - Surrounded by Several Shops and Restaurants
- Brand new, fully renovated executive offices with all new HVAC and individual split units in each office
Executive Summary
At this location is a multi-tenant office building that is fully-occupied. These executive offices are brand new and fully renovated with all new HVAC and individual split units in each office. 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.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
14,203 SF
Building Class
B
Year Built/Renovated
1927/2022
Price
$7,000,000
Price Per SF
$492.85
Cap Rate
7.34%
NOI
$513,576
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
3,551 SF
Building FAR
3.26
Lot Size
0.10 AC
Zoning
COMMERCIAL
Amenities
- Wi-Fi
- Air Conditioning
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2025-37-315-00-0415-0 | Improvements Assessment | $8,044 |
| Land Assessment | $605 | Total Assessment | $8,649 |
Property Taxes
Parcel Number
2025-37-315-00-0415-0
Land Assessment
$605
Improvements Assessment
$8,044
Total Assessment
$8,649
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15 Atlantic Ave
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