Contacts
Ariel Kowalsky
Global Asset Management
Real Estate Investment Firm
(212) 682-2048
Property Details
- Property Type Office
- Property Size 14,888 SF
- Lot Size 0.69 Acre
- Parking Spaces Avail. 40
- Parking Ratio 2.69 / 1,000 SF
- Property Tenancy Single Tenant
- Building Class C
- Year Built 1956
- Date Updated Feb 14, 2024
The property is located in Syosset, New York in Nassau County, Long Island. It is currently leased to Pay-O-Matic check cashing. They use the property as their corporte offices.
PAY-O-MATIC is New York’s largest provider of check cashing and financial services, handling nearly 20 million transactions annually. Founded in 1958, PAY-O-MATIC has grown to 148 stores throughout the New York metropolitan area in neighborhoods throughout Manhattan, Bronx, Brooklyn, Queens, Long Island and the NYC area
There is an existing mortgage on the property of $2.2 Million with an interest rate of 4%. It has a 30-year term and is currently with Flushing Bank. The loan is set to expire in December of 2024. However, there is an option to renew it for another 5 years at the prevailing rate, which is currently around 6.5% to 7%.
Property consists of 1 Tenant: Triple Net Leased Property, No Landlord Responsibility
PAY-O-MATIC has a long operating history (over 15 years) at this location
Lease Commencement: November 13, 2019
Lease Expiration: November 30, 2024
Renewal Options: Two 30-month options
Rent Escalations: 3% Annually
Triple Net Operating Income is currently $325,370 annually
Tenant is responsible for Property Taxes, Insurance, Common Area, Roof & Structure, HVAC and Utilities
Parcel#: 2489-15-G-00-0033-0 / Block & Lot#: G / 33
Building Size: 14,888 Square Feet
Lot Size: 30,056 Square Feet / 0.69 Acres
40 Space Parking Lot
Zoning: Light Industry (LI), Industrial Zone
Year Built / Renovated: 1978
Type of Ownership: Fee Simple
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Attachments
Getting around
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44/100
Walk Score ®
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42/100
Bike Score ®
Location
- City Syosset, NY
- Neighborhood Syosset
- Zip Code 11791
- Market Long Island
Points of Interest
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Syosset
1.59 miles
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Oyster Riders
2.71 miles
-
Hicksville
2.71 miles
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Cold Spring Harbor
3.93 miles
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Bethpage
4.58 miles
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Oyster Bay
4.96 miles
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Westbury
5.14 miles
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Greenvale
5.89 miles
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Carle Place
6.03 miles
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Glen Head
6.10 miles
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eVgo
0.10 miles
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EVgo
0.49 miles
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BP
0.77 miles
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Shell
1.17 miles
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S&S Mobil
1.40 miles
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Mobil
1.40 miles
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Shell
1.60 miles
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BP
1.65 miles
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BP
1.98 miles
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Mobil
2.02 miles
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Syosset Train Station South Parking Lot
1.56 miles
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Syosset Train Station North Parking Lot
1.63 miles
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Muttontown Preserve Parking
1.75 miles
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Tiffany Creek Preserve - Parking
3.80 miles
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Architecture & Interior Design Parking
4.26 miles
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Fine Arts Parking
4.34 miles
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Hillside Parking
4.40 miles
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South Parking
4.67 miles
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Oyster Bay Fireman's Field
4.93 miles
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North Parking
4.97 miles
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Comfort Inn
0.24 miles
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Meadowbrook Motor Lodge
1.23 miles
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The Inn at Fox Hollow
1.71 miles
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Best Western
2.06 miles
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Days Inn
2.22 miles
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Holiday Inn
2.62 miles
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Hampton Inn Westbury-Jericho
2.79 miles
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Residence Inn by Marriott
2.93 miles
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Inn At Jericho
2.95 miles
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Viana Hotel and Spa
3.03 miles
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Carvel
0.85 miles
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Marshalls
1.08 miles
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Marshalls Jericho
1.38 miles
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Birchwood Plaza
1.49 miles
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Whole Foods Market
1.50 miles
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ShopRite
1.52 miles
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Dairy Barn
1.67 miles
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Trader Joe's
1.75 miles
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Apna Bazar
1.96 miles
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H Mart
1.96 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Ariel Kowalsky
Global Asset Management
Real Estate Investment Firm
(212) 682-2048
