1985 Marcus AveNorth New Hyde Park, NY 11042

Property Details for 1985 Marcus Ave

Year built

1983

Lot size

8.72 AC

Property size (Sq ft)

29,366 SF

Property type

Office properties

Property subtype

Office buildings

APN

08-B18-00-0327

APU

08B18000327

Description

1985 Marcus Avenue in Lake Success, NY, offers exceptional executive office space for lease in Nassau County. This prestigious property boasts a total of 96,487 square feet, with a significant 52,909 square feet currently vacant and ready for immediate occupancy. The building allows for flexible tenancy arrangements, accommodating multiple tenants. Individual suites range from a minimum of 1,740 square feet, ideal for smaller businesses, up to a maximum contiguous space of 23,770 square feet, perfect for larger organizations requiring substantial office space. The property is conveniently located at 1985 Marcus Avenue, in the vibrant North New Hyde Park area, with easy access to major transportation routes and amenities. Seven spaces are currently available, providing a variety of options to suit diverse business needs. This is an unparalleled opportunity to secure high-quality office space in a prime location within Nassau County. The building's address is 1985 Marcus Avenue, Lake Success, NY 11042. The property is classified as an Executive Office building, offering a sophisticated and professional environment. The available space offers significant potential for businesses seeking a modern and efficient workspace in a desirable location. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $4,855,077

  6.5%

  $4,481,610

  7%

  $4,161,494

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,836,962

  Geo Method

  $3,836,962

• Alternative Use

  Use

  Valuation

  Residential

  $5,557,196

  Hospitality

  $5,090,362

  Educational

  $4,235,121

  Medical

  $4,380,774

  Retail

  $6,587,966

Location Insight

City

New Hyde Park

County

Nassau

State

New York

Latitude

40.7566

Longitude

-73.6931

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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