287 Northern Blvd Great Neck, NY 11021
- Office buildings
- 19,570 SF
- 0.48 lot acres
Current Use by Public Records
- Sinai Northshore Medical Associates / Medical Center
- Randazzo & Giffords / Lawyer
- JPC Contracting / General Contractor
- Maximum Life Wellness / Doctor
- martin kluger phd / Psychologist
Property Details for 287 Northern Blvd
- Year built
- 1978
- Construction
- FRAME
- Lot size
- 0.48 lot acres
- Property size
- 19,570 SF
- Property type
- Office buildings
- APN
- 02-241-00-0324
- APU
- 2241000324
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Great Neck
- County
- Nassau
- State
- New York
- Longitude
- -73.7259
- Latitude
- 40.7782
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
