Medical or Professional Office
204-233 E Shore Rd Great Neck, NY 11023
For Sale
$699,000
Vacant office condo includes four separate offices, a reception area, storage, and two half baths.
Property Size1,200 SF
Price / SF$582.50
Days on Market17
Property Features for 204-233 E Shore Rd
General Information
Standard status
Active
Size
1,200 SF
Listing Agency:
Prime Homes Realty
(516) 991-7300
Listed By:
Elyahou Nataneli
(516) 991-7300
Source:
Exprealty
Added: Jul 13
Changed: Jul 29
Last Checked: Jul 29 at 2:33AM
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 Prime Homes Realty
Investment Insights
Based on property information with market context.
Vacant commercial condo unit offered for sale in a professional office setting. The unit is configured with four separate offices, a reception area, storage area, and two half baths, and it includes office use on an all-office basis.
The property provides two deeded parking spots with two-level parking and a doctor private parking arrangement. The building is described as being near North Shore Hospital, the train station, and a highway.
This offering is a 1,200-square-foot condo unit with 100% office occupancy, presented as a turn-key space for medical or professional use, subject to buyer verification of all information.
The property provides two deeded parking spots with two-level parking and a doctor private parking arrangement. The building is described as being near North Shore Hospital, the train station, and a highway.
This offering is a 1,200-square-foot condo unit with 100% office occupancy, presented as a turn-key space for medical or professional use, subject to buyer verification of all information.
Key Highlights
- Vacant commercial office condo for sale with 1,200 sqft of office space
- Layout includes 4 separate offices plus a reception area and storage area
- Includes 2 half baths
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.8k | $33.96 |
| − Vacancy | −$5.7k | −$4.72 |
| EGI | $35.1k | $29.24 |
| − OpEx | −$14.0k | −$11.70 |
| NOI | $21.1k | $17.54 |
1,200 SF · lease $33.96/SF/yr · vacancy 13.90% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$300.7K
$263.2K – $350.9K
NOI $21,052 @ 7.0% cap · market cap 3.01%
Second Best
Office B
$294.8K
$257.9K – $343.9K
NOI $20,634 @ 7.0% cap · market cap 2.95%
Theoretical Best
Specialty Retail
$793.4K
$694.2K – $925.7K
NOI $55,539 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Vacant office condo includes four separate offices, a reception area, storage, and two half baths.
Where is this office units located?
The property is located at 204-233 E Shore Rd Great Neck, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Vacant commercial office condo for sale with 1,200 sqft of office space; Layout includes 4 separate offices plus a reception area and storage area; Includes 2 half baths
