1350 Northern BlvdManhasset, NY 11030

Property Details for 1350 Northern Blvd

Year built

1990

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.69 AC

Property size (Sq ft)

31,008 SF

Property type

Retail properties

Property subtype

Strip malls

APN

03-00E-00-1121

APU

0300E001121

Description

This exceptional two-story medical office building, located at 1350 Northern Boulevard, Manhasset, NY 11030 (cross street: Shelter Rock Road), offers a rare opportunity to lease prime space on the Gold Coast. The building, constructed in 1953 and extensively renovated in 2004, boasts a total of 51,194 square feet situated on a 2.7-acre lot. The property is classified as Class B and features a single building with multiple tenancies. Available spaces range from 6,000 to 11,837 square feet, providing flexibility for various medical practices or office uses. Its convenient location in Manhasset offers excellent accessibility and visibility. The building's substantial size and ample parking (details not provided) make it an ideal location for a growing medical practice or other office-based business. The property's 2004 renovation ensures modern amenities and functionality, while its established location provides immediate access to a thriving community. This is a unique opportunity to secure a well-maintained, spacious medical office building in a highly desirable location. Interested parties should inquire about available space and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $7,536,026

  6.5%

  $6,956,332

  7%

  $6,459,451

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,209,793

  Geo Method

  $10,209,793

• Alternative Use

  Use

  Valuation

  Residential

  $5,867,926

  Hospitality

  $5,374,989

  Educational

  $4,471,928

  Medical

  $4,625,724

  Retail

  $6,956,332

Location Insight

City

Manhasset

County

Nassau

State

New York

Latitude

40.7926

Longitude

-73.6964

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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