Move-In-Ready Medical Office
3 School Street #202 Glen Cove, NY 11542
3 School Street #202, Glen Cove, NY, 11542
$457,000
For Sale
$457,000
Bright, modern suite with reception, half bath, operatories/offices, and updated HVAC in an elevator building.
Property Size1,616 SF
Price / SF$282.80
Days on Market131
Property Features for 3 School Street #202
General Information
- Standard status
- Active
- Size
- 1,616 SF
- Property subtype
- Commercial
Listing agency
Lorber Hoffman RE Group LLC
(516) 972-5648
Listed by
Daria K. Hoffman SRES
(516) 972-5648
Source
Cohenandcohenrealty
Added: Mar 14 Updated: Jul 22 at 11:30AM Checked: Jul 22 at 11:30AM
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 Lorber Hoffman RE Group LLC
Investment Insights
Based on property information with market context.
A modern, bright, move-in-ready commercial suite designed for professional use, featuring a welcoming reception area, half bath, and operatories/offices. The space also includes a lunch/conference area and a dedicated storage room, with updated HVAC, superior lighting, and quality finishes throughout.
Located in an elevator building with prominent presence at the front of Glen Cove and Village Square, the suite offers convenient accessibility and is near shops, restaurants, and transportation. A municipal parking garage with more than 50 spaces is within steps.
CAM charges are listed at $584 per month, and the space is currently available for sale. The configuration supports a range of medical and professional office needs within a polished contemporary setting.
Located in an elevator building with prominent presence at the front of Glen Cove and Village Square, the suite offers convenient accessibility and is near shops, restaurants, and transportation. A municipal parking garage with more than 50 spaces is within steps.
CAM charges are listed at $584 per month, and the space is currently available for sale. The configuration supports a range of medical and professional office needs within a polished contemporary setting.
Key Highlights
- 1,616 SF commercial suite designed for a dental/medical or professional office setup
- Suite layout includes welcoming reception, half bath, operatories/offices, and lunch/conference area
- Updated HVAC plus superior lighting and quality finishes throughout
Local 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 | $54.9k | $33.96 |
| − Vacancy | −$7.6k | −$4.72 |
| EGI | $47.3k | $29.24 |
| − OpEx | −$18.9k | −$11.70 |
| NOI | $28.4k | $17.54 |
1,616 SF · lease $33.96/SF/yr · vacancy 13.90% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$405.0K
$354.4K – $472.5K
NOI $28,351 @ 7.0% cap · market cap 6.20%
Second Best
Office B
$397.0K
$347.4K – $463.1K
NOI $27,788 @ 7.0% cap · market cap 6.08%
Theoretical Best
Specialty Retail
$1.07M
$934.9K – $1.25M
NOI $74,793 @ 7.0% cap · market cap 16.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mickey Nisar - Life ...
Life Coach
Nisar Law Group, ...
Law Firm
Kavanagh Edward L
Law Firm
Healthcare Solutions Holdings, ...
Medical Group
Glen Cove Orthodontics
Dental Office
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Similar Off Market Nearby
- Green Forest Veterinary Hospital of Glen Cove — 120 Forest Ave, Glen Cove, NY 11542
- Glen Cove Animal Clinic — 87 Glen Cove Ave, Glen Cove, NY 11542
- Petco Vaccination Clinic — Shopping Center, 227 Forest Ave, Glen Cove, NY 11542
- Giordano a R DVM — 42 Forest Ave, Glen Cove, NY 11542
FAQs
What type of property is this?
Medical Office Space - Bright, modern suite with reception, half bath, operatories/offices, and updated HVAC in an elevator building.
Where is this medical office space located?
The property is located at 3 School Street #202 Glen Cove, NY.
What is the asking price?
The asking price for this property is $457,000.
What are key features of this property?
This property features: 1,616 SF commercial suite designed for a dental/medical or professional office setup; Suite layout includes welcoming reception, half bath, operatories/offices, and lunch/conference area; Updated HVAC plus superior lighting and quality finishes throughout
