2255 Centre AveBellmore, NY 11710

Property Details for 2255 Centre Ave

Year built

1970

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.14 AC

Property size (Sq ft)

1,200 SF

Property type

Office buildings

APN

56-327-00-0005

APU

56327000005

Description

This exceptional investment opportunity presents a 5,440 square foot, two-tenant office building located at 2255 Centre Ave, Bellmore, NY 11710. The property boasts a desirable location directly across from the Bellmore Long Island Rail Road (LIRR) train station, offering convenient access for commuters. Built in 1970 and extensively renovated in 2019, the building is currently leased to Lerner Solutions and Intelitalk MBW, LLC under a Net Net + (NN+) lease structure. The property features a strong Net Operating Income (NOI) of $121,441, resulting in an attractive 6.50% capitalization rate. The asking price is $1,868,323. Situated on a 0.14-acre lot at a signalized intersection, the building offers excellent visibility and accessibility to Sunrise Highway. This multi-tenant property presents a compelling investment opportunity with a proven track record and strong potential for future growth. The building's recent renovation ensures modern amenities and functionality, while its prime location guarantees high tenant demand. This is an ideal investment for those seeking a stable, high-yielding asset in a thriving Long Island market.

• CAP approach

  CAP return

  Valuation

  6%

  $198,396

  6.5%

  $183,135

  7%

  $170,054

• Comparable approach

  Method

  Valuation

  Relative Method

  $156,792

  Geo Method

  $156,792

• Alternative Use

  Use

  Valuation

  Residential

  $227,087

  Hospitality

  $208,010

  Educational

  $173,062

  Medical

  $179,014

  Retail

  $269,208

Location Insight

City

Bellmore

County

Nassau

State

New York

Latitude

40.6674

Longitude

-73.5304

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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