160 Oak Dr

160 Oak Dr, Syosset, NY 11791

  • 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

broker
Ariel Kowalsky

Global Asset Management

Real Estate Investment Firm

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

  • 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.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Ariel Kowalsky

Global Asset Management

Real Estate Investment Firm