191 Herricks Rd 5,569 SF 100% Leased Office Building New Hyde Park, NY 11040 $5,931,180 CAD ($1,065.04 CAD/SF) 8.73% Cap Rate
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! MINT NNN Medical Building On Herricks Road For Sale!!!
- The Property Is Located In The Heart Of New Hyde Park On Busy Herricks Road Just 1 Block From Jericho Tpke.!!!
- Neighbors Include Starbucks, UPS, Chase Bank, Citi, Buick -GMC, T-Mobile, Northwell Health, Stop & Shop, ShopRite, 7-Eleven, Dunkin’, +++!!!
- The Property Features Excellent Signage, Great Exposure, 38 Parking Spaces, High 12’ Ceilings, New Roof, 3 Phase Power, Private Parking Lot, +++!!!
- The Property Is Currently Home To A Successful Medical Group That Has Over 22 Locations!!!
- This Property Offers HUGE Upside Potential!!
EXECUTIVE SUMMARY
Calling All Investors, Developers & End-Users!!! MINT NNN Medical Building On Herricks Road For Sale!!! The Property Features Excellent Signage, Great Exposure, 38 Parking Spaces, High 12’ Ceilings, New Roof, 3 Phase Power, Private Parking Lot, Accessible Bathroom, Strategically Placed Curb Cut, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of New Hyde Park On Busy Herricks Road Just 1 Block From Jericho Tpke.!!! Neighbors Include Starbucks, UPS, Chase Bank, Citi, Buick -GMC, T-Mobile, Northwell Health, Stop & Shop, ShopRite, 7-Eleven, Dunkin’, Extra Space Storage, Tropical Smoothie Cafe, Applebee’s Bar & Grill, Taco Bell, Walgreens, Petco, LA Fitness, King Kullen, McDonald’s, Shake Shack, Jiffy Lube, Jersey Mike’s, Lidl, ++!!! The Property Is Currently Home To A Successful Medical Group That Has Over 22 Locations!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Square Care Medical Group: $312,000 NNN Ann.; 3-10% Ann. Inc.; Lease Exp.: 1/21/28;
Mammography: $50,400 Ann.; 3-10% Ann. Inc.; Lease Exp.: 1/21/28.
Gross Income: $362,400 Ann.
Expenses:
Oil: $0 (NNN Lease)
Electric: $0 (NNN Lease)
Water: $0 (NNN Lease)
Maintenance & Repairs: $0 (NNN Lease)
Insurance: $0 (NNN Lease)
Taxes: $0 (NNN Lease)
Total Expenses: $0 (NNN Lease)
Net Operating Income (NOI): $362,400 Ann. (8.73% Cap!!!)
Income:
Square Care Medical Group: $312,000 NNN Ann.; 3-10% Ann. Inc.; Lease Exp.: 1/21/28;
Mammography: $50,400 Ann.; 3-10% Ann. Inc.; Lease Exp.: 1/21/28.
Gross Income: $362,400 Ann.
Expenses:
Oil: $0 (NNN Lease)
Electric: $0 (NNN Lease)
Water: $0 (NNN Lease)
Maintenance & Repairs: $0 (NNN Lease)
Insurance: $0 (NNN Lease)
Taxes: $0 (NNN Lease)
Total Expenses: $0 (NNN Lease)
Net Operating Income (NOI): $362,400 Ann. (8.73% Cap!!!)
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$68,324
|
$12.27
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$68,324
|
$12.27
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
5,569 SF
Building Class
B
Year Built/Renovated
1951/2024
Price
$5,931,180 CAD
Price Per SF
$1,065.04 CAD
Cap Rate
8.73%
NOI
$517,942 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,569 SF
Building FAR
0.27
Lot Size
0.47 AC
Parking
38 Spaces (6.82 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
- Commuter Rail
- Fenced Lot
- Security System
- Signage
- Wheelchair Accessible
- Kitchen
- Reception
- Central Heating
- High Ceilings
- Hardwood Floors
- Air Conditioning
Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 2289-33-170-00-0009-0 | Total Assessment | $8,574 CAD (2024) |
| Land Assessment | $6,747 CAD (2024) | Annual Taxes | $68,324 CAD ($12.27 CAD/SF) |
| Improvements Assessment | $1,827 CAD (2024) | Tax Year | 2023 |
