Office Building in Lynbrook, NY

15 ATLANTIC AVE, LYNBROOK, NEW YORK 11563

Executive Summary:

Price:	$6,399,000
Building Size:	13,000 SF
Property Type:	Office
Lot Size:	0.10 Acres
Year Renovated:	2022
Projected Cap Rate:	5.75%
Projected NOI:	$367,850
Location:	15 Atlantic Ave, Lynbrook, NY 11563

Investment Highlights

For Sale: Office Building in Lynbrook, NY with Several Tenants
Office has a Few Vacancies – Provides for Great Lease-Up Opportunities
Building has a Basement
Located in the Heart of the Town of Lynbrook – Surrounded by Several Shops and Restaurants
Located Within Walking Distance to the Lynbrook LIRR Train Station

Investment Summary

American Investment Properties is retained to sell the property located at 15 Atlantic Ave, Lynbrook, NY. At this location is a multitenant office building with some vacancies. These vacancies provide for great lease-up opportunities. The building has a basement and it is located in the heart of Lynbrook. It is located within walking distance to several retail spaces and amenities as well as the Lynbrook LIRR train station.

About Lynbrook, NY

Lynbrook is a village in the Town of Hempstead in Nassau County, on the South Shore of Long Island, in New York, United States. The area currently known as Lynbrook has had other names, including Rechquaakie (originally), Parson’s Corners, and Bloomfield. It was later named Pearsall’s Corners, after Mr. Pearsall’s General Store, because this store became a famous stagecoach stop for travelers coming from New York City to Long Island. Alternatively, it was called “Five Corners” because the stagecoach stop was at the crossing of Hempstead Avenue, Merrick Road, and Broadway. It became known as Lynbrook in 1894 and the village was incorporated in 1911. The name “Lynbrook” is derived by dividing “Brooklyn” into its syllables and transposing them, a tribute to the original home of many of the town’s turn-of-the-century residents.