Ten-Tenant Mixed-Use
For Sale
$8,990,000
17 Maple Drive, Great Neck, NY 11021
Fully occupied with five retail and five office tenants in the Business “B” District.
Property Size29,808 SF
Price / SF$301.60
Days on Market261
Property Features for 17 Maple Drive
General Information
Standard status
Active
Size
29,808 SF
Property subtype
Commercial
Zoning
Business B
Occupancy
100%
Site & Location
Public Transit
Yes
Mixed-Use Components
retail, office
Additional Details
Tenant in Place
Yes
Property Use
Mixed-Use
Taxes and HOA fees
Annual Taxes
$154,101
Building Details
Building Size
29,808 SF
Year Built
1971
Buildings
1
Tenancy
Multi
Listing Agency:
B Square Realty
(718) 939-8388
Listed By:
Wenting Wang
(917) 547-4288
Source:
Croninreale
Added: Feb 5
Changed: Oct 23
Last Checked: Oct 23 at 9:55AM
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 B Square Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1971 mixed-use building is fully occupied by 10 tenants, divided evenly between five retail businesses and five office users. The property is located in the Business “B” District of Great Neck Plaza, where zoning modernization is underway to encourage mixed-use redevelopment.
The building is near the Long Island Rail Road and surrounded by retail businesses, restaurants, and essential services. Its established downtown setting and existing mix of commercial occupants are defining features of the property.
The building is near the Long Island Rail Road and surrounded by retail businesses, restaurants, and essential services. Its established downtown setting and existing mix of commercial occupants are defining features of the property.
Key Highlights
- 10 tenants: five retail and five office
- Fully occupied mixed‑use building
- Located in the Business “B” District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$590,288
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,805,760
$11.8M
Cap Rate 7%
$8,432,686
$8.4M
Cap Rate 9%
$6,558,756
$6.6M
Market Conditions
NOI Build-Up for 29,808 SF
Gross rent
$894.2K $30.00/SF
− Vacancy
−$51.0K −$1.71/SF
EGI
$843.3K $28.29/SF
− OpEx
−$253.0K −$8.49/SF
NOI
$590.3K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,805,760
Cap Rate 7%
$8,432,686
Cap Rate 9%
$6,558,756
Alternative Uses
Best Use
Retail
$8.43M
$7.38M – $9.84M
NOI $590,288 @ 7.0% cap · market cap 6.57%
Second Best
Mixed Use
$5.88M
$5.14M – $6.86M
NOI $411,350 @ 7.0% cap · market cap 4.58%
Theoretical Best
Specialty Retail
$19.71M
$17.24M – $22.99M
NOI $1,379,589 @ 7.0% cap · market cap 15.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,100
Businesses Nearby
136k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Dining 20%
Groceries 8%
Hotels & Casinos 4%
Dollar Tree
Shops & Services
19,987 visits/mo
0.2 miles
Chipotle Mexican Grill
Dining
11,895 visits/mo
0.3 miles
Associated Supermarkets
Groceries
10,810 visits/mo
0.4 miles
Bank of America
Shops & Services
10,392 visits/mo
0.2 miles
Webster Bank
Shops & Services
10,248 visits/mo
0.3 miles
Demographics for 11021, NY
19,376
Population
8,705
Households
2.2
Avg Household Size
46
Median Age
65%
College-Educated
94%
High-School Grad
2.4 sq mi
ZIP Area
8,073
Density / Sq Mi
$122,390
Median Household Income
$74,401
Median Earnings
$2,184
Median Rent
$734,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied with five retail and five office tenants in the Business “B” District.
Where is this mixed-use property located?
The property is located at 17 Maple Drive Great Neck, NY.
What is the asking price?
The asking price for this property is $8,990,000.
What are key features of this property?
This property features: 10 tenants: five retail and five office; Fully occupied mixed‑use building; Located in the Business “B” District
