Medical Office Suite with Exam
833 Northern Boulevard #270, Great Neck, NY 11021
For Sale
Contact for pricing
Shared clinical space includes equipped treatment rooms and patient reception areas.
Property Size92,926 SF
Price / SF$0.06
Days on Market41
Property Features for 833 Northern Boulevard #270
General Information
Standard status
Size
Property subtype
Additional Details
Condition
Property Use
Amenities
24-hour access
Building Details
Year Built
Listing Agency:
Voro LLC
(877) 943-8676
Listed By:
Taiming N. Perlman · License NY #10301214000
(516) 445-1364
Source:
Neilcharlesrealestate
Added: Oct 1
Changed: Nov 10
Last Checked: Nov 9 at 3:13PM
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 Voro LLC
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Investment Insights
Based on property information with market context.
The medical suite combines a private consultation office with two shared operating and exam rooms. Each clinical room has a sink, built-in cabinetry, and a treatment or procedure chair. Shared areas include reception and waiting space, plus a lavatory. The suite has been renovated and is offered for sublease within an established medical practice.
The building at 833 Northern Boulevard in North Hempstead provides 24-hour access and ample parking. Hospitals and major transportation routes are nearby. The building dates to 1990.
The building at 833 Northern Boulevard in North Hempstead provides 24-hour access and ample parking. Hospitals and major transportation routes are nearby. The building dates to 1990.
Key Highlights
- Two shared operating and exam rooms, each with a sink, built‑in cabinetry, and a treatment or procedure chair
- One private office/consultation room
- Shared reception and waiting area with a lavatory
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,597,900
Suggested Prices Based on Cap Rates
Cap Rate 5%
$31,958,000
$32.0M
Cap Rate 7%
$22,827,143
$22.8M
Cap Rate 9%
$17,754,444
$17.8M
Market Conditions
NOI Build-Up for 92,926 SF
Gross rent
$2.60M $27.96/SF
− Vacancy
−$467.7K −$5.03/SF
EGI
$2.13M $22.93/SF
− OpEx
−$532.6K −$5.73/SF
NOI
$1.60M $17.20/SF
Area
Nassau County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$31,958,000
Cap Rate 7%
$22,827,143
Cap Rate 9%
$17,754,444
Alternative Uses
Best Use
Healthcare Medical
$23.29M
$20.38M – $27.17M
NOI $1,630,269 @ 7.0% cap
Second Best
Office B
$22.83M
$19.97M – $26.63M
NOI $1,597,900 @ 7.0% cap
Theoretical Best
Specialty Retail
$61.44M
$53.76M – $71.68M
NOI $4,300,848 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,471
Businesses Nearby
Under-served
Demand for This Use
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
$734,200
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Nassau County, NY
Properties on Market for Medical Office Space in Nassau County
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Shared clinical space includes equipped treatment rooms and patient reception areas.
Where is this medical office space located?
The property is located at 833 Northern Boulevard #270 Great Neck, NY.
What are key features of this property?
This property features: Two shared operating and exam rooms, each with a sink, built‑in cabinetry, and a treatment or procedure chair; One private office/consultation room; Shared reception and waiting area with a lavatory
