66 Split Rock RdSyosset, NY 11791

Property Details for 66 Split Rock Rd

Year built

1961

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.21 AC

Property size (Sq ft)

2,340 SF

Property type

Medical offices

Property subtype

Medical centers

APN

25-009-00-0025

APU

25009000025

Description

This exceptional 2,340 square foot freestanding office building is situated on a 0.2-acre lot in the heart of Syosset, NY, within the Town of Oyster Bay. The property boasts a highly desirable NB (Neighborhood Business) zoning designation and offers ample parking with 10 spaces. The building itself features ten individual offices, perfect for private consultations or administrative tasks, along with two conference rooms ideal for meetings and collaborative work. Staff and clients will appreciate the comfortable break room and the large, welcoming reception area. Three conveniently located bathrooms add to the building's functionality. Currently generating $8,000 in monthly rental income from individual office leases, this owner-user investment opportunity presents extremely low maintenance and operating expenses (under $2,000 annually for utilities and maintenance). Its prime location offers easy access to major thoroughfares, is less than ten minutes from Northwell Health Syosset Hospital, and is just blocks from the Syosset LIRR station, ensuring high visibility and convenient access for both staff and clients. This property is ideally suited for medical, dental, or other professional office uses. The vibrant surrounding area, filled with local and national retailers, creates a convenient and attractive environment for businesses and their clientele.

• CAP approach

  CAP return

  Valuation

  6%

  $386,872

  6.5%

  $357,113

  7%

  $331,604

• Comparable approach

  Method

  Valuation

  Relative Method

  $305,744

  Geo Method

  $305,744

• Alternative Use

  Use

  Valuation

  Residential

  $442,820

  Hospitality

  $405,620

  Educational

  $337,471

  Medical

  $349,078

  Retail

  $524,955

Location Insight

City

Syosset

County

Nassau

State

New York

Latitude

40.8276

Longitude

-73.5029

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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