18-Unit Brick Apartment
28 Linden, Great Neck, NY 11021
For Sale
New
$2,600,000
Four separate structures offer the option to acquire one building or a combination of parcels.
Property Size5,097 SF
Days on Market2
Property Features for 28 Linden
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
laundry rooms
tenant storage areas
Building Details
Building Size
Year Built
Buildings
Stories
Units
Construction
Listing Agency:
Laffey International Realt Estate
Listed By:
John Schoonmaker
(516) 972-2739
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:38PM
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 Laffey International Realt Estate
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.
The property comprises 18 apartments across four two-story brick buildings on four tax lots. Two buildings contain five units each, while the other two have four units apiece. The buildings were constructed in 1943 and have been maintained, with modest updates to the apartments. Each structure has its own mechanical room and laundry room, along with tenant storage. The offering may be purchased as one, two, three, or all four buildings.
The site includes more than 20 parking spaces, five drive-in garages, and two driveways. An upscale community park is across the street. Northern Boulevard and Long Island Medical Center are minutes away, and the surrounding area includes shopping, dining, and transportation options.
The site includes more than 20 parking spaces, five drive-in garages, and two driveways. An upscale community park is across the street. Northern Boulevard and Long Island Medical Center are minutes away, and the surrounding area includes shopping, dining, and transportation options.
Key Highlights
- 18 apartments across four two‑story brick buildings on four tax lots
- Two buildings have 5 units each; the other two have 4 units each
- Over 20 parking spaces, 5 drive‑in garages, and 2 driveways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,918
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,818,360
$1.8M
Cap Rate 7%
$1,298,829
$1.3M
Cap Rate 9%
$1,010,200
$1.0M
Market Conditions
NOI Build-Up for 5,097 SF
Gross rent
$173.1K $33.96/SF
− Vacancy
−$7.8K −$1.53/SF
EGI
$165.3K $32.43/SF
− OpEx
−$74.4K −$14.59/SF
NOI
$90.9K $17.84/SF
Area
Nassau County, NY
Vacancy
4.50%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,818,360
Cap Rate 7%
$1,298,829
Cap Rate 9%
$1,010,200
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $90,918 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.37M
$2.95M – $3.93M
NOI $235,902 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
3,410
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Apartment buildings in Nassau County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Four separate structures offer the option to acquire one building or a combination of parcels.
Where is this apartment building located?
The property is located at 28 Linden Great Neck, NY.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 18 apartments across four two‑story brick buildings on four tax lots; Two buildings have 5 units each; the other two have 4 units each; Over 20 parking spaces, 5 drive‑in garages, and 2 driveways
