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145 Main St
Port Washington, NY 11050
Office Property For Sale


INVESTMENT HIGHLIGHTS
- Heavy Foot Traffic
- Iconic Building
- Lots of Natural Light
EXECUTIVE SUMMARY
DGNY Commercial has been retained exclusively to facilitate the sale of this iconic bank building situated at a prime location on the corner of Main Street and Central Drive in busy downtown Port Washington.
- This majestic and well-known property is within walking distance of the Long Island Railroad, with a quick 45 minute ride to Penn Station NYC, and is close to restaurants, shops, and entertainment venues.
- Perfect for investors seeking to grow their portfolio, the approximately 10,000 SF of office space is offered Vacant or subject to a NNN lease which runs through June, 2031, and currently generates a 8.76% CAP rate. The tenant, MID-SHIP Group, is a global leader in dry bulk cargo shipping, serving over 1,400 ports worldwide and offering comprehensive services including ocean freight, inland logistics and technology solutions.
- 2-story building
- Full basement with a gym and storage space
- 21-car parking lot in the rear.
- A unique building with a classic interior with vaulted ceilings and massive windows that allow for an abundance of natural lighting. There is a new roof on the building, a new gas boiler, and a backup generator.
A one-of-a-kind investment opportunity or for an end user.
- This majestic and well-known property is within walking distance of the Long Island Railroad, with a quick 45 minute ride to Penn Station NYC, and is close to restaurants, shops, and entertainment venues.
- Perfect for investors seeking to grow their portfolio, the approximately 10,000 SF of office space is offered Vacant or subject to a NNN lease which runs through June, 2031, and currently generates a 8.76% CAP rate. The tenant, MID-SHIP Group, is a global leader in dry bulk cargo shipping, serving over 1,400 ports worldwide and offering comprehensive services including ocean freight, inland logistics and technology solutions.
- 2-story building
- Full basement with a gym and storage space
- 21-car parking lot in the rear.
- A unique building with a classic interior with vaulted ceilings and massive windows that allow for an abundance of natural lighting. There is a new roof on the building, a new gas boiler, and a backup generator.
A one-of-a-kind investment opportunity or for an end user.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Building Size
9,600 SF
Building Class
C
Year Built/Renovated
1923/2016
Price
$3,992,981 CAD
Price Per SF
$415.94 CAD
Cap Rate
8.76%
NOI
$349,730 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,800 SF
Building FAR
0.92
Lot Size
0.24 AC
Zoning
Commercial - Commercial / Office
Parking
21 Spaces (2.19 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Reception
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 2201-05-033-00-0137-0 | Improvements Assessment | $10,372 CAD |
| Land Assessment | $5,911 CAD | Total Assessment | $16,282 CAD |
PROPERTY TAXES
Parcel Number
2201-05-033-00-0137-0
Land Assessment
$5,911 CAD
Improvements Assessment
$10,372 CAD
Total Assessment
$16,282 CAD
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