Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    107 Northern Blvd 202 North Hempstead, NY 11021

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $37 SF/Yr

    High-end office space with sink, ideal for medical/cosmetic practices.

    Type:Land
    Property size:
    700 SF
    Added:
    Apr 3, 2023
    Days on Market:
    1095
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 107 Northern Blvd 202 North

    General Information

    Standard status
    Active
    Size
    700 SF
    Property subtype
    Land

    Spaces For Lease

    at 107 Northern Blvd 202 North Contact us

    202 $3 /Mo

    Size
    700 SF
    Type
    Land
    Contact us

    We can help!

    Listing Contact
    Rozita Soomekh
    Rozita Soomekh

    Listing agent Rozita Soomekh License #NY 10301214034

    Listing office Douglas Elliman Real Estate Roslyn

    Listing date Apr 3, 2023

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman Real Estate Roslyn

    Overview

    Modern Office Suite in Great Neck

    Suite 202 at 107 Northern Blvd in Great Neck, NY, offers approximately 700 square feet of office space. The suite features a new, high-end buildout with two rooms designed for professional use. One room includes a sink, suitable for medical or cosmetic practices. A versatile waiting room area provides a welcoming space for clients and guests. The location provides convenient access to amenities, restaurants, and transportation.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Hempstead
    County
    Nassau
    State
    New York
    Longitude
    -73.7291
    Latitude
    40.786

    Nearby Similar for Lease

    • Contact for pricing

      Renovated Commercial Space on Fulton

      Turnkey commercial space in prime location with ample parking.
      72 Fulton Avenue, Hempstead, NY 11550
      View Details
    • Contact for pricing

      Hempstead Office Space For Rent

      2,575 SF office space with private entrance available for rent.
      218 Front Street, Hempstead, NY 11550
      View Details
    • Contact for pricing

      Retail/Office Space in Hempstead, NY

      New retail/office space in prime Hempstead location.
      283 Clinton Street, Hempstead, NY 11550
      View Details
    • Contact for pricing

      Hempstead Showroom/Storage Space Available

      3,000 SF showroom/storage space in high-traffic Hempstead location.
      218 Front Street, Hempstead, NY 11550
      View Details
    • Contact for pricing

      Commercial Space in Hempstead, NY

      Versatile commercial space suitable for storage, warehouse, or e-commerce.
      72 Fulton Avenue, Hempstead, NY 11550
      View Details
    • Contact for pricing

      Storefront in Busy Hempstead Area

      Storefront opportunity in a busy area with basement storage.
      105 Westbury Boulevard, Hempstead, NY 11550
      View Details
    • $25/mo

      Long Island Warehouse Opportunity

      Warehouse space near Roosevelt Field Mall with flexible layout.
      603 Chestnut Street, Hempstead, NY 11530
      View Details
    • Sponsored
      Contact for pricing

      RexCorp Plaza

      626 Rexcorp Plz, Unit Uniondale New York United States of America 11556, Uniondale, NY 11556
      View Details
    • Contact for pricing

      Move-in Ready Commercial Space

      Second-floor commercial space with private offices and excellent visibility.
      32 Main St, Hempstead, NY
      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      Versatile space in a vibrant commercial district, Hempstead, NY.
      290 Peninsula Blvd, Hempstead, NY 11550
      View Details
    • $44/mo

      High-Visibility Commercial Space Available

      Prime location with high traffic and private parking.
      1717 Hempstead Turnpike, Hempstead, NY 11003
      View Details
    • $23/mo

      East Meadow Office/Retail Space

      High-traffic location ideal for office or retail use.
      2242 Hempstead Turnpike, North Hempstead, NY 11554
      View Details

    FAQs

    What type of property is this?
    Office units - High-end office space with sink, ideal for medical/cosmetic practices.
    Where is this office units located?
    The property is located at 107 Northern Blvd 202 North Hempstead, NY.
    What is the lease rate?
    The lease rate is $37 SF/Yr.
    What are key features of this property?
    This property features: Prime location in Great Neck, NY with easy access to amenities, restaurants, and transportation.; Brand‑new, high‑end buildout offering a modern and elegant professional environment.; Approximately 700 SF of office space with two rooms.
    (516) 621-3555
    We can help!
    Listing Contact
    Rozita Soomekh
    Rozita Soomekh
    Real Estate License ID: NY 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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!