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1575 Hillside Ave
6,466 SF Medical Condo Unit Offered at $1,921,066 in New Hyde Park, NY 11040
Executive Summary
New Hyde Park, NY is an incorporated village located on Long Island within Nassau County. The village sits directly east of the New York City border (Queens) and offers convenient access to the Northern State Parkway and Cross Island Parkway. Residents commuting into NYC can access Grand Central Station in roughly 35 minutes via the local Long Island Railroad station. New Hyde Park had a reported population of 10,235 individuals with a median age of 41.7 and a median household income of $144,375 according to 2022 census data. The 11-building Lake Success business park is one of Long Island’s largest office complexes. Bordered by the Northern State Parkway, New Hyde Park Road and Marcus Avenue, Lake Success Quadrangle’s current tenant roster includes ProHealth, Northwell Health, NYU Langone, Catholic Health Services, New York Cancer & Blood Specialist and many others. Both NorthShore Community Hospital and Cohen Children’s Medical Center are within a 10-minute driving distance of New Hyde Park.
Property Facts
| Price | $1,921,066 | Building Class | B |
| Unit Size | 6,466 SF | Floors | 3 |
| No. Units | 1 | Typical Floor Size | 27,074 SF |
| Total Building Size | 63,000 SF | Year Built | 1981 |
| Property Type | Office (Condo) | Lot Size | 2.35 AC |
| Property Subtype | Medical | Parking Ratio | 10/1,000 SF |
| Sale Type | Investment |
| Price | $1,921,066 |
| Unit Size | 6,466 SF |
| No. Units | 1 |
| Total Building Size | 63,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Sale Type | Investment |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 27,074 SF |
| Year Built | 1981 |
| Lot Size | 2.35 AC |
| Parking Ratio | 10/1,000 SF |
1 Unit Available
Unit 105
| Unit Size | 6,466 SF | Sale Type | Investment |
| Price | $1,921,066 | Cap Rate | 6.50% |
| Price Per SF | $297.10 | NOI | $124,869.31 |
| Condo Use | Medical |
| Unit Size | 6,466 SF |
| Price | $1,921,066 |
| Price Per SF | $297.10 |
| Condo Use | Medical |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| NOI | $124,869.31 |
Sale Notes
Jones Lang LaSalle has been retained on an exclusive basis to arrange for the sale of 1575 Hillside Avenue, Suite 105, New Hyde Park, NY. This asset offers investors the stability of a long-term lease, with minimal landlord responsibility required. Additionally, this property is occupied by one of the leading healthcare providers on the East Coast.
Amenities
- 24 Hour Access
- Atrium
- Bus Line
- Controlled Access
- Convenience Store
- Fenced Lot
- Property Manager on Site
- Security System
- Air Conditioning
zoning
| Zoning Code | Medical Condo (Medical Condo) |
| Medical Condo (Medical Condo) |
Presented by
1575 Hillside Ave
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