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480 Forest Ave 29,400 SF Office Building Locust Valley, NY 11560 $3,800,000 ($129.25/SF) 7.16% Cap Rate
Investment Highlights
- For Sale: Locust Valley Medical Center
- Floor 1: Office Space
- Lower Level: Warehouse and Office Space
- +/- 60 On-Site Parking Space
Executive Summary
American Investment Properties is retained to sell the property located at 480 Forest Ave, Locust Valley, NY. At this location is a medical center consisting of warehouse and office space. There are some spaces that are currently available which provide for great lease-up opportunities.
Please contact Ron Koenigsberg at ron@aiprops.com / (516) 757-2695 for any further questions.
Please contact Ron Koenigsberg at ron@aiprops.com / (516) 757-2695 for any further questions.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Building Size
29,400 SF
Building Class
B
Year Built
1927
Price
$3,800,000
Price Per SF
$129.25
Cap Rate
7.16%
NOI
$271,976
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,704 SF
Slab To Slab
12’
Building FAR
0.60
Lot Size
1.12 AC
Zoning
NB - Neighborhood Business
Parking
60 Spaces (2.36 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Controlled Access
- Conferencing Facility
- Security System
- Wheelchair Accessible
- Reception
- Central Heating
- Monument Signage
- Air Conditioning
- Smoke Detector
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2489-30-010-00-0005-0 | Improvements Assessment | $21,342 |
| Land Assessment | $13,669 | Total Assessment | $35,011 |
Property Taxes
Parcel Number
2489-30-010-00-0005-0
Land Assessment
$13,669
Improvements Assessment
$21,342
Total Assessment
$35,011
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480 Forest Ave
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