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175 Great Neck Rd Great Neck Plaza, NY 11021

Office buildings Google Maps
21,460 SF 0.52 ac lot Built 1970
Entity Owned 11-yr Hold ~ Est. High Equity
Estimated value (blended)
$4.52M
Range $4.07M – $4.97M (±10%)
Property ID US63-0262028

Property summary

AI-generated overview

175 Great Neck Road in Great Neck Plaza, NY 11021 offers 3 available office suites ranging from 500 to 1,326 square feet within a 40,000 square foot Class B building. Built in 1970 and renovated in 2009, this multi-tenant property features a recently renovated lobby, efficient floor plans, abundant natural light, and convenient parking (both above and underground). The building provides year-round temperature control with tenant-controlled AC and heating units. Security features and 24-hour access are included. This location boasts exceptional accessibility, situated just one block from the Great Neck Long Island Rail Road station, offering a quick 24-minute express train ride to midtown Manhattan. Convenient access to MTA bus service, Queens and NYC subway connections, and major parkways including the Long Island Expressway are also readily available. The property is located in the heart of Great Neck, offering tenants superior accommodations and accessibility. Currently, 3,080 square feet of space is vacant.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1970
Construction STEEL FRAME
Total area 21,460 SF
Lot 0.52 ac (22,651 SF)
APN 02-376-00-0043
UPID US63-0262028

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Big Box & Wholesale Store
  • Crisis Center Medical Clinic
  • Architecture Firm Engineering Consultant
  • Film Production Television Studio

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$6.06M
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.52M

Owner & transaction history

since 2015
6 recorded transactions
2025
Price N/A
2015
$10.0M
2008
$9.3M
1990
$257,500
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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