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480 Forest Ave 25,000 SF 100% Leased Office Building Locust Valley, NY 11560 $3,299,999 ($132.00/SF) 8.17% 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.
Property Facts
Sale Type
Investment
Property Type
Building Size
25,000 SF
Building Class
B
Year Built
1927
Price
$3,299,999
Price Per SF
$132.00
Cap Rate
8.17%
NOI
$269,611
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,500 SF
Slab To Slab
12’
Building FAR
0.51
Lot Size
1.12 AC
Zoning
NB - Neighborhood Business
Parking
60 Spaces (2.4 Spaces per 1,000 SF Leased)
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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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Contact the Sale Advisor
480 Forest Ave