Multi-Room Office
For Sale
$198,000
A3-15 Canterbury Rd, Great Neck, NY 11021
Office suite with multiple rooms and one bathroom, supported by listed monthly maintenance.
Property Size750 SF
Price / SF$264
Days on Market142
Property Features for A3-15 Canterbury Rd
General Information
Standard status
Active
Size
750 SF
Additional Details
Office Units
3
Listing Agency:
Winzone Realty Inc
(718) 899-7000
Listed By:
Weirong Jiang
(917) 353-2279
Source:
Exprealty
Added: Jun 10
Changed: Oct 25
Last Checked: Oct 28 at 2:44PM
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 Winzone Realty Inc
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Investment Insights
Based on property information with market context.
This office suite is configured with a living room area, three office rooms, and one meeting room, along with one bathroom. The space is described as approximately 750 square feet, making it well suited for professional use where a mix of private offices and meeting space is important.
The property is located at A3-15 Canterbury Rd in Great Neck, New York. The listing also notes monthly maintenance of $1,345 per month, which is relevant for budgeting and ownership planning.
For tenants or buyers seeking a compact, compartmentalized office layout, the room mix supports day-to-day workflow with dedicated areas for individual work and group discussions. The defined bathroom and separation of meeting versus office rooms can also help accommodate client meetings and internal collaboration within the same suite, based on the layout provided in the listing details.
The property is located at A3-15 Canterbury Rd in Great Neck, New York. The listing also notes monthly maintenance of $1,345 per month, which is relevant for budgeting and ownership planning.
For tenants or buyers seeking a compact, compartmentalized office layout, the room mix supports day-to-day workflow with dedicated areas for individual work and group discussions. The defined bathroom and separation of meeting versus office rooms can also help accommodate client meetings and internal collaboration within the same suite, based on the layout provided in the listing details.
Key Highlights
- Office suite with 1 living room, 1 meeting room, and 3 office rooms
- 1 bathroom
- Approximately 750 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,897
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,940
$257.9K
Cap Rate 7%
$184,243
$184.2K
Cap Rate 9%
$143,300
$143.3K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$21.0K $27.96/SF
− Vacancy
−$3.8K −$5.03/SF
EGI
$17.2K $22.93/SF
− OpEx
−$4.3K −$5.73/SF
NOI
$12.9K $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%
$257,940
Cap Rate 7%
$184,243
Cap Rate 9%
$143,300
Alternative Uses
Best Use
Office B
$184.2K
$161.2K – $215.0K
NOI $12,897 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$495.9K
$433.9K – $578.5K
NOI $34,712 @ 7.0% cap · market cap 17.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
3,765
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Office suite with multiple rooms and one bathroom, supported by listed monthly maintenance.
Where is this office unit located?
The property is located at A3-15 Canterbury Rd Great Neck, NY.
What is the asking price?
The asking price for this property is $198,000.
What are key features of this property?
This property features: Office suite with 1 living room, 1 meeting room, and 3 office rooms; 1 bathroom; Approximately 750 sq ft
