160 Oak Dr

160 Oak Dr, Syosset, NY 11791

  • For Sale $2,750,000
  • 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

Contacts

broker

Ariel Kowalsky

Global Asset Management

Real Estate Investment Firm

(212) 682-2048

Location

Getting Around

  • Walk Score ®

    44/100 Car-Dependent

  • Bike Score ®

    42/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Syosset, NY
  • Neighborhood Syosset
  • Zip Code 11791
  • Market Long Island

Points of Interest

  • Syosset

    1.59 miles

  • Oyster Riders

    2.71 miles

  • Hicksville

    2.71 miles

  • Cold Spring Harbor

    3.93 miles

  • Bethpage

    4.58 miles

  • Oyster Bay

    4.96 miles

  • Westbury

    5.14 miles

  • Greenvale

    5.89 miles

  • Carle Place

    6.03 miles

  • Glen Head

    6.10 miles

  • eVgo

    0.10 miles

  • EVgo

    0.49 miles

  • BP

    0.77 miles

  • Shell

    1.17 miles

  • S&S Mobil

    1.40 miles

  • Mobil

    1.40 miles

  • Shell

    1.60 miles

  • BP

    1.65 miles

  • BP

    1.98 miles

  • Mobil

    2.02 miles

  • Syosset Train Station South Parking Lot

    1.56 miles

  • Syosset Train Station North Parking Lot

    1.63 miles

  • Muttontown Preserve Parking

    1.75 miles

  • Tiffany Creek Preserve - Parking

    3.80 miles

  • Architecture & Interior Design Parking

    4.26 miles

  • Fine Arts Parking

    4.34 miles

  • Hillside Parking

    4.40 miles

  • South Parking

    4.67 miles

  • Oyster Bay Fireman's Field

    4.93 miles

  • North Parking

    4.97 miles

  • Comfort Inn

    0.24 miles

  • Meadowbrook Motor Lodge

    1.23 miles

  • The Inn at Fox Hollow

    1.71 miles

  • Best Western

    2.06 miles

  • Days Inn

    2.22 miles

  • Holiday Inn

    2.62 miles

  • Hampton Inn Westbury-Jericho

    2.79 miles

  • Residence Inn by Marriott

    2.93 miles

  • Inn At Jericho

    2.95 miles

  • Viana Hotel and Spa

    3.03 miles

  • Franina

    0.27 miles

  • Il Fornello

    0.28 miles

  • Rolling Spring Roll

    0.29 miles

  • Wendy's

    0.39 miles

  • Friendly's

    0.40 miles

  • New Country Delicatessen

    0.44 miles

  • Yims Wok

    0.45 miles

  • Cafe Bella

    0.45 miles

  • Sawa Sushi

    0.49 miles

  • Burger King

    0.69 miles

  • Robbins Lane Elementary School

    0.48 miles

  • South Grove Elementary School

    0.61 miles

  • Variety Child Learning Center

    0.81 miles

  • Willits Elementary School

    1.08 miles

  • George A Jackson School

    1.14 miles

  • H B Thompson Middle School

    1.21 miles

  • Saint Edward Confessor School

    1.23 miles

  • Summers School

    1.28 miles

  • Greentrees Country Day School

    1.33 miles

  • Baylis School

    1.43 miles

  • Debbie's Creative Childcare

    2.09 miles

  • Shalom Day Care Center

    2.09 miles

  • Teachers Pets Child Care Center

    3.26 miles

  • Miss Sue's Nursery School and Kindergarten

    3.40 miles

  • Munchkinland Child Care

    6.53 miles

  • My Fun Childhood Bilingual Childcare

    7.29 miles

  • North Shore Day School

    8.45 miles

  • Learn & Play Daycare

    8.52 miles

  • The Outlook School

    9.62 miles

  • Red Door Learning Center

    9.83 miles

Frequently Asked Questions

What is the lease rate for 160 Oak Dr?

Rental asking rate at 160 Oak Dr is $1,375,000.00/YR.

What is the total square footage of 160 Oak Dr?

160 Oak Dr totals 14,888 square feet.

When was this property built?

160 Oak Dr was built in 1956.

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Contact Listing Broker

broker

Ariel Kowalsky

Global Asset Management

Real Estate Investment Firm

(212) 682-2048