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    287 Northern Blvd Great Neck, NY 11021

    Sponsored
    For Sale
    $16,999,000

    Three prime office buildings, 66,739 SF

    Property size:
    66,739 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents three multi-tenant office buildings totaling 66,739 square feet, strategically located on Northern Boulevard in Great Neck, NY. The portfolio comprises three buildings situated at 287, 295, and 305 Northern Boulevard, each offering elevator access and ample on-site parking. Built between 1964 and 1978, these properties boast a prominent location with high traffic counts of 28,688 cars daily, ensuring excellent visibility and accessibility. The buildings benefit from existing tenants with annual rent increases and pro-rata contributions towards common area maintenance (CAM) and real estate taxes. Vacant spaces provide immediate lease-up opportunities for enhanced returns. The 1.48-acre site is conveniently located near the Long Island Expressway and other office buildings in the thriving Great Neck area, within Nassau County, and has a zip code of 11021. This portfolio offers a compelling combination of established income, future growth potential, and a prime location in a desirable Long Island market. The asking price for this exceptional investment is $16,999,000, representing a price per square foot of $255.

    Property Features for 287 Northern Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    66,739 SF
    Lot Size
    64,469 SF

    Building Details

    Year Built
    1978

    HighLights

    • For Sale: Three multi‑tenant office buildings totaling 66,739 square feet in Great Neck, NY.
    • All tenants have annual rent increases.
    • Tenants contribute pro‑rata to CAM and real estate taxes.
    • Vacant spaces offer immediate lease‑up potential.
    • Ample on‑site parking.
    • High traffic count of 28,688 cars daily.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sinai Northshore Medical ... Medical Center Randazzo & Giffords Lawyer JPC Contracting General Contractor Maximum Life Wellness Doctor martin kluger phd Psychologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Great Neck
    County
    Nassau
    State
    New York
    Longitude
    -73.7258648
    Latitude
    40.7781694

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    FAQs

    What type of property is this?
    Office Property / Space - Three prime office buildings, 66,739 SF
    Where is this office property / space located?
    The property is located at 287 Northern Blvd Great Neck, NY.
    What is the asking price?
    The asking price for this property is $16,999,000.
    What are key features of this property?
    This property features: For Sale: Three multi-tenant office buildings totaling 66,739 square feet in Great Neck, NY.; All tenants have annual rent increases.; Tenants contribute pro-rata to CAM and real estate taxes.
    Request Owner's contact information
    287 Northern Blvd Great Neck, NY 11021
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    Great Neck, NY 11021
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    287 Northern Blvd Great Neck, NY 11021
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