160 Oak Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
160 Oak Dr
14,888 SF Flex Building Syosset, NY 11791 $2,700,000 ($181/SF) 6.86% Cap Rate
Executive Summary
Parcel#: 2489-15-G-00-0033-0 / Block & Lot#: G / 33
Building Size: 14,888 Square Feet
Lot Size: 30,056 Square Feet / 0.69 Acres
40 Space Parking Lot
Zoning: Light Industry (LI)
Year Built / Renovated: 1978
Type of Ownership: Fee Simple
1 Tenant: Currently Double Net Leased Property, Landlord Only Responsible for the Real Estate Taxes
PAY-O-MATIC has a long operating history (over 15 years) at this location
Lease Commencement: December 1, 2024
Lease Expiration: November 30, 2027
There is a 6-month cancellation clause for both the tenant and the landlord
Rent Escalations: 3% Annually
Double Net Operating Income is currently $323,131.56 annually
The current real estate taxes are approximately at $138,000 annually.
Tenant is responsible for Insurance, Common Area, Roof & Structure, HVAC and Utilities
Building Size: 14,888 Square Feet
Lot Size: 30,056 Square Feet / 0.69 Acres
40 Space Parking Lot
Zoning: Light Industry (LI)
Year Built / Renovated: 1978
Type of Ownership: Fee Simple
1 Tenant: Currently Double Net Leased Property, Landlord Only Responsible for the Real Estate Taxes
PAY-O-MATIC has a long operating history (over 15 years) at this location
Lease Commencement: December 1, 2024
Lease Expiration: November 30, 2027
There is a 6-month cancellation clause for both the tenant and the landlord
Rent Escalations: 3% Annually
Double Net Operating Income is currently $323,131.56 annually
The current real estate taxes are approximately at $138,000 annually.
Tenant is responsible for Insurance, Common Area, Roof & Structure, HVAC and Utilities
Property Facts
| Price | $2,700,000 | Rentable Building Area | 14,888 SF |
| Price Per SF | $181 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 1978 |
| Cap Rate | 6.86% | Tenancy | Single |
| Property Type | Flex | Parking Ratio | 2.82/1,000 SF |
| Building Class | C | Clear Ceiling Height | 10 FT |
| Lot Size | 0.69 AC | No. Drive In / Grade-Level Doors | 1 |
| Price | $2,700,000 |
| Price Per SF | $181 |
| Sale Type | Investment NNN |
| Cap Rate | 6.86% |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 0.69 AC |
| Rentable Building Area | 14,888 SF |
| No. Stories | 1 |
| Year Built | 1978 |
| Tenancy | Single |
| Parking Ratio | 2.82/1,000 SF |
| Clear Ceiling Height | 10 FT |
| No. Drive In / Grade-Level Doors | 1 |
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
1 of 1
PROPERTY TAXES
| Parcel Number | 2489-15-G-00-0033-0 | Improvements Assessment | $13,406 |
| Land Assessment | $6,750 | Total Assessment | $20,156 |
PROPERTY TAXES
Parcel Number
2489-15-G-00-0033-0
Land Assessment
$6,750
Improvements Assessment
$13,406
Total Assessment
$20,156
zoning
| Zoning Code | LI (Light Industrial) |
| LI (Light Industrial) |
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
160 Oak Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.