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220-226 E Meadow Ave 7,000 SF 100% Leased Office Building East Meadow, NY 11554 $1,450,000 ($207.14/SF)
Investment Highlights
- Rarely available, fully occupied mixed-use building featuring 3 street-level storefronts and 5 professional second-floor offices.
- Serving a dense, high-income suburban population
- Diverse Revenue: Multiple revenue streams from a mix of retail and professional tenants reduce vacancy risk.
Executive Summary
Prime Mixed-Use Investment in East Meadow | 100% Occupied | 8 Units Income
Stability: Rarely available, fully occupied mixed-use building featuring 3 street-level storefronts and 5 professional second-floor offices.
Prime Visibility: Situated in a bustling commercial corridor of East Meadow with high-visibility street frontage, ideal for long-term retail success.
Diverse Revenue: Multiple revenue streams from a mix of retail and professional tenants reduce vacancy risk.
Strategic Location: Excellent access to major Nassau County thoroughfares like Hempstead Turnpike and Merrick Avenue, serving a dense, high-income suburban population. Turn-Key Asset: Fully leased with established tenants, offering immediate cash flow for the savvy investor.
Stability: Rarely available, fully occupied mixed-use building featuring 3 street-level storefronts and 5 professional second-floor offices.
Prime Visibility: Situated in a bustling commercial corridor of East Meadow with high-visibility street frontage, ideal for long-term retail success.
Diverse Revenue: Multiple revenue streams from a mix of retail and professional tenants reduce vacancy risk.
Strategic Location: Excellent access to major Nassau County thoroughfares like Hempstead Turnpike and Merrick Avenue, serving a dense, high-income suburban population. Turn-Key Asset: Fully leased with established tenants, offering immediate cash flow for the savvy investor.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$168,000
|
$24.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$168,000
|
$24.00
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$72,000
|
$10.29
|
| Net Operating Income |
$96,000
|
$13.71
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $168,000 |
| Annual Per SF | $24.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $168,000 |
| Annual Per SF | $24.00 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $72,000 |
| Annual Per SF | $10.29 |
| Net Operating Income | |
|---|---|
| Annual | $96,000 |
| Annual Per SF | $13.71 |
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Office
Building Size
7,000 SF
Building Class
C
Year Built
1957
Price
$1,450,000
Price Per SF
$207.14
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,500 SF
Building FAR
1.34
Lot Size
0.12 AC
Zoning
Bus + B - Town of Hempstead
Amenities
- Central Heating
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- -
- -
- -
Allstate began in 1931 as an insurance business launched by Sears, Roebuck and Co., and its early operations relied on mail-order auto coverage. Over time, the company expanded beyond auto insurance into home, renters, condo, motorcycle, boat, RV, life, business, identity protection, phone protection, retirement, and investment planning. Today, Allstate serves customers through digital self-service tools, local agents, and a broad set of protection products for vehicles, homes, families, and small businesses.
- Helping Paws
- Services
- -
- -
- -
- Sofia's Empanadas
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | - | - | - | ||
| Helping Paws | Services | - | - | - | ||
| Sofia's Empanadas | - | - | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2089-50-249-00-0262-0 | Improvements Assessment | $6,985 (2025) |
| Land Assessment | $1,225 (2025) | Total Assessment | $8,210 (2025) |
Property Taxes
Parcel Number
2089-50-249-00-0262-0
Land Assessment
$1,225 (2025)
Improvements Assessment
$6,985 (2025)
Total Assessment
$8,210 (2025)
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220-226 E Meadow Ave
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