Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Lease in Great Neck Title is generated by Realmo AI

    107 N Blvd, Great Neck, NY 11021

    View on Map
    Claim this Listing
    For Lease
    $4,648 /Mo

    COMMERCIAL - Great Neck, NY

    Added:
    Oct 21, 2025
    Days on Market:
    214
    Last Refresh:
    May 22 at 11:06 am

    Property Features for 107 N Blvd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active

    Taxes and HOA fees

    Tax Year
    2025

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Flooring type
    Carpet

    We can help!

    Listing Contact
    Rozita Soomekh SFR
    Rozita Soomekh SFR

    Listing agent Rozita Soomekh SFR License #10301214034

    Listing office Douglas Elliman Real Estate 1528 Old Northern Blvd, Huntington Station, NY

    Listing date Oct 21, 2025

    MLS# 926824

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime commercial lease opportunity in Great Neck, NY.
    • High visibility and easy access location.
    • Ample parking available.
    • Spacious, versatile interior suitable for various business needs.
    • Modern design with abundant natural light.
    • Customizable layout to create a dynamic business space.

    Overview

    An exceptional commercial lease opportunity is available at 107 Northern Blvd, Great Neck, NY, 11021. The property is meticulously maintained and offers a spacious, versatile interior suitable for a range of business needs. It features ample parking, high visibility, and easy access. The property's modern design, abundant natural light, and customizable layout provide an outstanding canvas for creating a dynamic business space. This commercial property blends convenience with a prestigious address.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Great Neck
    County
    Nassau
    State
    New York
    Longitude
    -73.7291
    Latitude
    40.786

    Nearby Similar for Lease

    • $2,350/Mo
      650 SF

      Updated Office Space in Great Neck

      Updated office space in Great Neck, convenient to LIRR.
      33 Great Neck Road, Great Neck, NY 11021
      View Details
    • $12,800/Mo
      5,000 SF

      Retail Space in Great Neck

      Prime retail space with basement in a busy commercial district.
      99 Middle Neck Road, Great Neck, NY 11021
      View Details
    • $2,170/Mo
      700 SF

      Modern Office Space in Great Neck

      High-end office space with sink, ideal for medical/cosmetic practices.
      107 Northern Blvd, Great Neck, NY 11021
      View Details
    • $6,583/Mo

      Spacious Office in Great Neck

      Modern office space with open layout, kitchen, near LIRR.
      98 Cuttermill Road, Great Neck, NY 11021
      View Details
    • $13,680/Mo
      9,120 SF

      Prestigious Great Neck Office Space

      Sophisticated office environment with subdivision potential in Great Neck.
      60 Cuttermill Road, Great Neck, NY 11021
      View Details
    • $12,000/Mo
      4,800 SF

      Great Neck Commercial Space Available

      4,800 SF commercial space in Great Neck business district.
      42 Middle Neck Road, Great Neck, NY 11021
      View Details
    • $9,950/Mo
      2,000 SF

      Updated Retail Space in Great Neck

      Updated retail space in the heart of Great Neck Plaza.
      65 Middle Neck Road, Great Neck, NY 11021
      View Details
    • $3,500/Mo

      Renovated Office Building in Great Neck

      Fully renovated office building with spaces for lease in Great Neck.
      277 Northern Blvd, Great Neck, NY 11021
      View Details
    • $1,250/Mo

      Equipped Medical Office Space

      Turnkey medical suite available for lease in Great Neck.
      707 Middle Neck Road, Great Neck, NY 11021
      View Details
    • $1,000/Mo

      Medical Office Space For Lease

      Turnkey medical office space available in Great Neck, NY.
      707 Middle Neck Road, Great Neck, NY 11021
      View Details
    • $9,500/Mo

      Renovated Medical Space in Great Neck

      Completely renovated medical space with ample parking in Great Neck.
      241 E Shore Road, Great Neck, NY 11023
      View Details
    • $1,000/Mo

      Equipped Medical Office Space

      Turnkey medical suite available for lease in Great Neck.
      707 Middle Neck, Great Neck, NY 11024
      View Details

    FAQs

    What type of property is this?
    Retail space - Spacious, versatile commercial space with ample parking and high visibility.
    Where is this retail space located?
    The property is located at 107 N Blvd Great Neck, NY.
    What is the lease rate?
    The lease rate is $4,648 /Mo.
    What are key features of this property?
    This property features: Prime commercial lease opportunity in Great Neck, NY.; High visibility and easy access location.; Ample parking available.
    (516) 621-3555
    We can help!
    Listing Contact
    Rozita Soomekh SFR
    Rozita Soomekh SFR
    Real Estate License ID: 10301214034
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    107 N Blvd, Great Neck, NY 11021
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!