Oyster Bay, NY 11801

Property

Ownership: For Sale
Type: Unknown
Lot Size: 0.3 Acres

Financials

Price:$3,050,000
Annual Taxes:$99,388.35
6243 Northern Blvd
Phone:
Listing Courtesy of Yaos Realty LLC

Freestanding, 100 leased office building at 313 West Old Country Road, Hicksville.

Description

Freestanding, 100% leased office building at 313 West Old Country Road, Hicksville. Approx. 10,284 SF: 5,142 SF of first-floor offices plus a 5,142 SF multi-use office basement, on a 14,364 SF lot with approx. 35 on-site parking spaces. Leased to three tenants; the two largest leases (approx. 92% of rent) are triple net, with tenants paying their share of real estate taxes, insurance and common area maintenance. Current annual rent approx. $303,480 with 3% annual increases, a 9.95% cap rate at the asking price. Anchor tenant leases two-thirds of the building through 3/2029 with a 5-year renewal option. Old Country Road frontage on a primary Long Island office and retail corridor, near the Hicksville LIRR station. Financial package available upon execution of a confidentiality agreement. Tenant occupied; 24-hour notice required for showings.

Amenities

  • Electricity Connected
  • Water Connected

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.