Language and Region
Currency

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

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

963 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

191 Herricks Rd

5,569 SF 100% Leased Office Building New Hyde Park, NY 11040 $4,150,000 ($745/SF) 8.73% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

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!!!)

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Taxes	$47,481	$8.53
Operating Expenses	-	-
Total Expenses	$47,481	$8.53

Financial Summary (Actual - 2023)

Taxes
Annual	$47,481
Annual Per SF	$8.53

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$47,481
Annual Per SF	$8.53

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Property Subtype

Medical

Building Size

5,569 SF

Building Class

Year Built/Renovated

1951/2024

Price

$4,150,000

Price Per SF

$745

Cap Rate

8.73%

NOI

$362,400

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

1 of 1

aerial
map

191 Herricks Rd, New Hyde Park, NY - aerial map view - Image1

191 Herricks Rd, New Hyde Park, NY - aerial map view - Image2

191 Herricks Rd, New Hyde Park, NY - aerial map view - Image3

191 Herricks Rd, New Hyde Park, NY - aerial map view - Image4

191 Herricks Rd, New Hyde Park, NY - aerial map view - Image5

191 Herricks Rd, New Hyde Park, NY - aerial map view - Image6

191 Herricks Rd, New Hyde Park, NY - aerial map view - Image7

Walk Score ®

Very Walkable (84)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	2289-33-170-00-0009-0	Total Assessment	$5,965 (2024)
Land Assessment	$4,694 (2024)	Annual Taxes	$47,481 ($8.53/SF)
Improvements Assessment	$1,271 (2024)	Tax Year	2023