Sign Up Successful!
You now have access to more from Realmo!
    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 Blvd N, Unit 410 Great Neck, NY 11021

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $5,030 /Mo

    Commercial lease opportunity with versatile interior and high visibility.

    We can help!

    Listing Contact
    Rozita Soomekh SFR
    Rozita Soomekh SFR
    Source: Elliman

    Listing Agent: Rozita Soomekh SFR

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

    Learn more

    Overview

    Prime Commercial Lease Opportunity

    This commercial property, located at 107 Northern Blvd, Great Neck, NY, 11021, offers a prime leasing opportunity. The meticulously maintained property features a spacious and versatile interior suitable for a range of business needs. The location offers ample parking, high visibility, and easy access. The property's modern design, abundant natural light, and customizable layout provide a canvas for creating a dynamic business space.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Great Neck
    County
    Nassau
    State
    New York
    Longitude
    -73.7291
    Latitude
    40.786

    Nearby Similar for Lease

    • $2,500 /Mo
      225 SF

      Great Neck Office Space Available

      Multiple office spaces available in Great Neck, perfect for medical uses.
      307 E Shore Rd, Great Neck, NY 11023
      View Details
    • $9,500 /Mo
      10,019 SF

      Renovated Medical Space in Great Neck

      Renovated medical office with ample parking in prime location.
      241 E Shr Rd Unit, Great Neck, NY 11023
      View Details
    • $6,990 /Mo
      1,700 SF

      Built-Out Retail Space in Great Neck

      Ready-to-go retail space near LIRR, shopping, and residential areas.
      39 Great Neck Rd, Great Neck Plaza, NY 11021
      View Details
    • $5,500 /Mo
      26,410 SF

      Prime Medical Office Space

      Turnkey medical office in Great Neck, ample parking, utilities included.
      833 Northern Blvd Great Nck, Great Neck, NY 11021
      View Details
    • $14,040 /Mo
      16,592 SF

      Prestigious Great Neck Office Space

      Sophisticated office space in a prime Great Neck location.
      60 Cuttermill Rd, Great Neck, NY 11021
      View Details
    • $9,950 /Mo
      2,000 SF

      Updated Retail Space in Great Neck

      Updated retail/office space in Great Neck Plaza with full basement.
      65 Middle Neck Rd, Great Neck, NY 11021
      View Details
    • $42 SF/Yr

      Retail Storefront on Northern Blvd

      Prime retail space with high visibility and convenient transportation access.
      7 Northern Blvd, Great Neck, NY 11021
      View Details
    • $6,000 /Mo
      1,300 SF

      Retail Space in Great Neck

      Retail space in shopping plaza with high foot traffic.
      25 Cuttermill Rd, 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
    • $2,559 /Mo
      1,150 SF

      Updated Office Space in Great Neck

      Updated office space in Great Neck, convenient to LIRR.
      33 Great Neck Rd, Great Neck, NY 11021
      View Details
    • $1,675 /Mo

      Great Neck Office Space Available

      Updated office space for rent in Great Neck, NY.
      33 Great Neck Rd, Great Neck, NY 11021
      View Details
    • $43 SF/Yr
      2,340 SF

      Modern Office Space in Great Neck

      Class A office building near LIRR with flexible space options.
      111 Great Neck Rd, Great Neck, NY 11021
      View Details

    FAQs

    What type of property is this?
    Office space - Commercial lease opportunity with versatile interior and high visibility.
    Where is this office space located?
    The property is located at 107 Blvd N, Unit 410 Great Neck, NY.
    What are key features of this property?
    This property features: - Prime commercial lease opportunity at a prestigious Great Neck address (107 Northern Blvd, 11021).; - High visibility and easy access for customers and employees.; - Ample parking available.
    (516) 621-3555
    Request Owner's contact information
    107 Blvd N, Unit 410 Great Neck, NY 11021
    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.
    107 Blvd N, Unit 410
    Great Neck, NY 11021
    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
    107 Blvd N, Unit 410 Great Neck, NY 11021
    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

    We can help!
    Listing Contact
    Rozita Soomekh SFR
    Rozita Soomekh SFR
    Real Estate License ID: 10301214033
    (516) 621-3555
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.