535 Broadhollow RdMelville, NY 11747

  • Office buildings
  • 10.20 AC
For Lease
$21/SF/YR View listing

Property Details for 535 Broadhollow Rd

Lot size
10.20 AC
Zone code
I1
Property type
Office buildings
APN
0400-268.00-01.00-021.000
APU
400268000100021000

Description

This exceptional two-story Class B office building in Melville, NY (11747), offers 50,000 square feet of versatile space, perfect for businesses of all sizes. Six suites are available, with flexible options ranging from 1,000 to 3,000 contiguous square feet. The building boasts 450 parking spaces, convenient access to the LIE and Northern State Parkway, and 24-hour access for ultimate flexibility. Amenities include complimentary conference and seminar rooms, an on-site restaurant, an impressive atrium, on-site property management, and convenient outgoing FedEx and mail services. Power is included. Custom build-outs are available to tailor the space to your specific needs. The building is strategically located at 535 Broadhollow Rd, Melville, NY, offering easy commuting and a prime business address. Pricing is dependent on space size and any build-out requirements. This property presents a unique opportunity to establish your business in a well-maintained, amenity-rich environment. Contact us today to learn more about leasing options.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $73,458,048
    6.5%
    $67,807,424
    7%
    $62,964,040
  • Comparable approach

    Method
    Valuation
    Relative Method
    $58,053,804
    Geo Method
    $58,053,804
  • Alternative Use

    Use
    Valuation
    Residential
    $84,081,208
    Hospitality
    $77,017,936
    Educational
    $64,078,016
    Medical
    $66,281,760
    Retail
    $99,676,920

Location Insight

City
Melville
County
Suffolk
State
New York
Latitude
40.7678
Longitude
-73.422
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
-
$50,000
$30,000
$80,000
-
$90,909
$54,545
$145,454

FAQs

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