Contacts
Ariel Kowalsky
Global Asset Management
Real Estate Investment Firm
Property Details
- Property Type Office
- Property Size 30,056 SF
- Lot Size 0.69 Acre
- Additional Rent Contact for pricing
- Parking Spaces Avail. 40
- Parking Ratio 1.33 / 1,000 SF
- Property Tenancy Single Tenant
- Building Class C
- Year Built 1956
- Date Updated Aug 16, 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.
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: One 30-month option at a new rate of $313,370 annually with a 6-month cancellation clause.
The current lease is triple net NNN at $325,370 annually.
Beginning on December 1, 2024, the lease will no longer be NNN.
At the commencement of the 30-month option period beginning on December 1, 2024, the landlord will begin to pay for all of the real estate taxes on the property, which is currently at approximately $138,000 annually. Also, as part of the new 30-month option the tenant will have a 6-month cancellation clause as part of the new agreement.
Rent Escalations: 3% Annually
Tenant is responsible for 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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Platform B
1.47 miles
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Platfrom A
1.50 miles
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Platform A
1.52 miles
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Syosset
1.59 miles
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Platform B - Overpass
1.60 miles
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Platform A - Overpass
1.61 miles
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Hicksville Station
2.70 miles
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Oyster Riders
2.71 miles
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Greenvale
5.89 miles
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Carle Place
6.03 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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Sunoco
2.04 miles
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Tesla Supercharger
3.82 miles
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Solar Car Port
5.70 miles
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02
6.91 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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25 Newbridge Road
2.63 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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West Parking
4.58 miles
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East Parking
4.62 miles
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24 Oak Drive
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
2.04 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
2.93 miles
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101 Jericho Tpk
2.95 miles
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Inn At Jericho
2.97 miles
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Lidl
0.69 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
1.51 miles
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ShopRite
1.52 miles
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Dairy Barn
1.67 miles
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TJ Maxx
1.67 miles
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Trader Joe's
1.75 miles
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Apna Bazar
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
