1551 Kellum Pl
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1551 Kellum Pl
7,900 SF 100% Leased Office Building Mineola, NY 11501 $1,995,000 ($253/SF)
Investment Highlights
- Next to the Nassau County Clerks Office
- Close to Restaurants, Retail, Banks and more!
- Walking distance to Nassau County Courts & Mineola LIRR
Executive Summary
Presenting a prime investment / end user opportunity in Mineola, NY with upside potential! This +/- 7,900 SF building was constructed in 1954, and is zoned CO-4. This sought-after property, with 67% occupancy, presents a compelling opportunity for office building investors and end users. Its strategic location and substantial square footage offer ample potential for growth and income generation. Conveniently located next to the Nassau County Clerk's Office and administration building and Nassau County Courthouses. Explore the promise of this property, where the ideal combination of space, location, and zoning sets the stage for a successful investment in the thriving commercial real estate market. Don't miss the chance to capitalize on this opportunity and position yourself for strong returns in the dynamic Mineola area. Contact us for more details!
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$206,735
|
$26.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$206,735
|
$26.17
|
| Taxes |
$26,635
|
$3.37
|
| Operating Expenses |
$7,386
|
$0.93
|
| Total Expenses |
$34,021
|
$4.31
|
| Net Operating Income |
$172,714
|
$21.86
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $206,735 |
| Annual Per SF | $26.17 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $206,735 |
| Annual Per SF | $26.17 |
| Taxes | |
|---|---|
| Annual | $26,635 |
| Annual Per SF | $3.37 |
| Operating Expenses | |
|---|---|
| Annual | $7,386 |
| Annual Per SF | $0.93 |
| Total Expenses | |
|---|---|
| Annual | $34,021 |
| Annual Per SF | $4.31 |
| Net Operating Income | |
|---|---|
| Annual | $172,714 |
| Annual Per SF | $21.86 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
7,900 SF
Building Class
B
Year Built
1954
Price
$1,995,000
Price Per SF
$253
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,950 SF
Building FAR
0.82
Land Acres
0.22 AC
Zoning
CO-4 - Offices for government, business or professional use, Electronic data processing. Accessory uses customarily incidental to a permitted use.
Parking
15 Spaces (1.9 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 2011-34-D-00-0359-0 | Total Assessment | $7,589 |
| Land Assessment | $1,698 | Annual Taxes | $26,635 ($3.37/SF) |
| Improvements Assessment | $5,891 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2011-34-D-00-0359-0
Land Assessment
$1,698
Improvements Assessment
$5,891
Total Assessment
$7,589
Annual Taxes
$26,635 ($3.37/SF)
Tax Year
2024
-
Christopher Pesce -
Kenneth Hester -
Douglas Elliman Commercial
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1551 Kellum Pl
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