Four-Office Professional
For Sale
$699,000
233 E Shore Road #204, Great Neck, NY 11023
A reception area, storage, and two half baths complement the office layout.
Property Size1,200 SF
Price / SF$582.50
Days on Market104
Property Features for 233 E Shore Road #204
General Information
Standard status
Active
Size
1,200 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
condo
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
HOA Fee
$1,000
Office Units
1
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$12,551
Building Details
Building Size
1,200 SF
Year Built
1985
Buildings
1
Stories
3
Units
1
Listing Agency:
Prime Homes Realty
(516) 991-7300
Listed By:
Elyahou Nataneli
Source:
Croninreale
Added: Jul 13
Changed: Oct 23
Last Checked: Oct 23 at 9:50AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,200-square-foot office condominium is arranged with four separate offices, a reception area, storage, and two half baths. The building was constructed in 1985, and the unit includes two deeded parking spaces.
The property is near North Shore Hospital, a train station, and a highway. Its professional-office configuration and dedicated parking are key physical features of the offering.
The property is near North Shore Hospital, a train station, and a highway. Its professional-office configuration and dedicated parking are key physical features of the offering.
Key Highlights
- 1,200‑square‑foot office condominium
- Four separate offices, reception area, and storage
- Two half baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,052
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,040
$421.0K
Cap Rate 7%
$300,743
$300.7K
Cap Rate 9%
$233,911
$233.9K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$40.8K $33.96/SF
− Vacancy
−$5.7K −$4.72/SF
EGI
$35.1K $29.24/SF
− OpEx
−$14.0K −$11.70/SF
NOI
$21.1K $17.54/SF
Area
Nassau County, NY
Vacancy
13.90%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,040
Cap Rate 7%
$300,743
Cap Rate 9%
$233,911
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,127
Businesses Nearby
Explore this area
Business Placement
Demographics for 11023, NY
10,213
Population
3,398
Households
3
Avg Household Size
39
Median Age
68%
College-Educated
93%
High-School Grad
1.7 sq mi
ZIP Area
6,008
Density / Sq Mi
$151,544
Median Household Income
$88,205
Median Earnings
$1,143,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A reception area, storage, and two half baths complement the office layout.
Where is this office unit located?
The property is located at 233 E Shore Road #204 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: 1,200‑square‑foot office condominium; Four separate offices, reception area, and storage; Two half baths
