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Property profile & analytics
OFF-MARKET Estimated value $305,000
Office buildings

111 Great Nck Rd Great Neck, NY 11021-5400

27,976 SF 2.34 ac lot Built 1980
Entity Owned 10-yr Hold Free & Clear
Property ID
US63-6068098
Property summary
AI-generated overview

This exceptional Class A office building, known as "The Towers," offers a variety of executive and traditional office suites for lease. Located at 111 Great Neck Road, Great Neck, NY 11021, this six-story building boasts 200,000 square feet of space spread across multiple tenancies. Built in 1980 and extensively renovated in 2004, the property features a modern lobby and a convenient on-site cafe. Parking is abundant, with 545 spaces available across ground and subterranean levels. The building enjoys a prime location near the Long Island Rail Road (LIRR) station, providing easy access to Manhattan (approximately a 20-minute commute). Its strategic location also places it within close proximity to numerous restaurants, cafes, banks, and public transportation options. Tenants benefit from 24/7 building access. The property sits on a 2.34-acre lot and is conveniently situated near Great Neck Road. This building offers a competitive advantage, rivaling even the most desirable Manhattan office spaces. The property's amenities and location make it an ideal choice for businesses seeking a prestigious and convenient workspace.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Construction STEEL FRAME
Total area 27,976 SF
Lot 2.34 ac (101,930 SF)
APN 02-376-00-0039
UPID US63-6068098
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Brookhill Capital Partners Financial Advisor
  • Overseas Brokers Inc Freight Service Logistics Company
  • Radson Development Construction Company
  • Susan's Kitchen of Great Neck Restaurant
  • Rosenberg Leonard M Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k
Owner & transaction history
111 Gnre LLC · 10 yrs held
111 Gnre LLC
since 2016
7 recorded transactions
2016
Price N/A
2016
Price N/A
2006
$52.1M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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