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2468-2470 N Jerusalem Rd

9,424 SF 100% Leased Office Building Bellmore, NY 11710 £1,500,229 (£159/SF) 1.45% Net Initial Yield

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Investment Highlights

For Sale: Office Building in Bellmore, NY
Most Tenants are on Month-to-Month Leases
Located Near Newbridge Rd which has Several Neighborhood Retail, Offices, and Amenities

Tenants are Paying Below Market Rents
5 On-Site Parking Spaces

Executive Summary

American Investment Properties is retained to sell the property located at 2468-2470 N Jerusalem Rd, Bellmore. At this location is an office building with several tenants.
Currently, the tenants are paying under market rents and most of them are on month-to-month leases. There are 5 on-site parking spaces located behind the building.

Offering Memorandum

Property Facts

Sale Type

Investment

Property Type

Office

Property Subtype

Medical

Building Size

9,424 SF

Building Class

Year Built

1959

Price

£1,500,229

Price Per SF

£159

Net Initial Yield

1.45%

NOI

£21,721

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Typical Floor Size

4,712 SF

Slab to Slab

10 ft

Building FAR

1.14

Land Acres

0.19 AC

Zoning

Commercial

Parking

5 Spaces (0.53 Spaces per 1,000 SF Leased)

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PROPERTY TAXES

Parcel Number	2089-51-078-00-0086-0	Improvements Assessment	£4,512
Land Assessment	£712	Total Assessment	£5,225

PROPERTY TAXES

Parcel Number

2089-51-078-00-0086-0

Land Assessment

£712

Improvements Assessment

£4,512

Total Assessment

£5,225

Listing ID: 32569876
Date on Market: 24/07/2024
Last Updated:
Address: 2468-2470 N Jerusalem Rd, Bellmore, NY 11710

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2468-2470 N Jerusalem Rd, Bellmore, NY for sale Building Photo- Image 1 of 9 — thumbnail_IMG_4543

2468-2470 N Jerusalem Rd, Bellmore, NY for sale Building Photo- Image 2 of 9 — thumbnail_IMG_4545

2468-2470 N Jerusalem Rd, Bellmore, NY for sale Building Photo- Image 3 of 9 — thumbnail_IMG_4553

2468-2470 N Jerusalem Rd, Bellmore, NY for sale Building Photo- Image 4 of 9 — Screenshot 2024-07-24 135707

2468-2470 N Jerusalem Rd, Bellmore, NY for sale Building Photo- Image 5 of 9 — thumbnail_IMG_4539

2468-2470 N Jerusalem Rd, Bellmore, NY for sale Building Photo- Image 6 of 9 — Screenshot 2024-07-24 135601

2468-2470 N Jerusalem Rd, Bellmore, NY for sale Building Photo- Image 7 of 9 — Screenshot 2024-07-24 135646

2468-2470 N Jerusalem Rd, Bellmore, NY for sale Building Photo- Image 8 of 9 — Screenshot 2024-07-24 135624

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