104 Harbor RdPort Washington, NY 11050

Property Details for 104 Harbor Rd

Year built

2010

Lot size

0.12 AC

Property size (Sq ft)

675 SF

Property type

Office properties

Property subtype

Office buildings

APN

05-00A-00-0335

APU

0500A000335

Description

This exceptional two-story executive office building, located at 104 Harbor Rd in the charming waterfront village of Port Washington, NY (11050), presents a unique investment opportunity. Boasting 1,980 square feet of total space and 1,800 square feet of net rentable area, this pristine property is delivered vacant and ready for immediate occupancy. Built in 2010 by the owner/contractor, the building features steel construction with insulated masonry panels, ensuring both durability and energy efficiency. The interior is bright and airy, with abundant natural light and windows. The layout includes executive offices, training rooms, and a staff lounge with pantry. The property's HVAC system is powered by natural gas. Its convenient location offers easy access to the Port Washington LIRR line, providing a quick commute to both Grand Central and Penn Station in NYC (5-minute drive or 10-minute walk). Nearby amenities include a variety of restaurants and shopping options. The property is in excellent condition, with no violations and all systems up to code. The 2023 general property tax bill totaled $10,022, while the 2022-2023 school tax bill was $8,096, for a combined total of $18,118. This property offers a compelling 7.90% cap rate, making it an ideal investment for both users and investors seeking a high-return asset in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $111,598

  6.5%

  $103,013

  7%

  $95,655

• Comparable approach

  Method

  Valuation

  Relative Method

  $88,196

  Geo Method

  $88,196

• Alternative Use

  Use

  Valuation

  Residential

  $127,736

  Hospitality

  $117,006

  Educational

  $97,348

  Medical

  $100,695

  Retail

  $151,429

Location Insight

City

Port Washington

County

Nassau

State

New York

Latitude

40.8424

Longitude

-73.6938

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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