For Sale $2,750,000
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

Contacts

Ariel Kowalsky

Global Asset Management

Real Estate Investment Firm

Location

Getting Around

Walk Score ®
44/100 Car-Dependent
Bike Score ®
42/100 Somewhat Bikeable

Map
Street

City Syosset, NY
Neighborhood Syosset
Zip Code 11791
Market Long Island

Points of Interest

Platform B

1.47 miles
Platfrom A

1.50 miles
Platform A

1.52 miles
Syosset

1.59 miles
Platform B - Overpass

1.60 miles
Platform A - Overpass

1.61 miles
Hicksville Station

2.70 miles
Oyster Riders

2.71 miles
Greenvale

5.89 miles
Carle Place

6.03 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
Sunoco

2.04 miles
Tesla Supercharger

3.82 miles
Solar Car Port

5.70 miles
02

6.91 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
25 Newbridge Road

2.63 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
West Parking

4.58 miles
East Parking

4.62 miles

24 Oak Drive

0.24 miles
Meadowbrook Motor Lodge

1.23 miles
The Inn at Fox Hollow

1.71 miles
Best Western

2.04 miles
Days Inn

2.22 miles
Holiday Inn

2.62 miles
Hampton Inn Westbury-Jericho

2.79 miles
Residence Inn

2.93 miles
101 Jericho Tpk

2.95 miles
Inn At Jericho

2.97 miles

Franina

0.27 miles
Il Fornello

0.28 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
Celebrity Diner

0.64 miles
Burger King

0.69 miles
Dunkin'

0.72 miles

Robbins Lane Elementary School

0.52 miles
South Grove Elementary School

0.61 miles
Variety Child Learning Center

0.81 miles
Alice P. Willits Elementary School

1.09 miles
George A. Jackson Elementary School

1.15 miles
Saint Edward Confessor School

1.23 miles
H.B. Thompson Middle School

1.25 miles
Summers School

1.28 miles
Greentrees Country Day School

1.33 miles
J. Irving Baylis Elementary School

1.39 miles

Barbara C. Wilson Preschool

1.77 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
KinderCare at Huntington

8.02 miles
North Shore Day School

8.49 miles
Learn & Play Daycare

8.52 miles

Frequently Asked Questions

How much does 160 Oak Dr cost?

The space currently listed for sale at 160 Oak Dr asks for $2,750,000.

What is the total square footage of 160 Oak Dr?

160 Oak Dr totals 30,056 square feet.

When was this property built?

160 Oak Dr was built in 1956.

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