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    Property profile & analytics

    1985 Marcus Ave New Hyde Park, NY 11042-2008

    • Office buildings
    • 29,366 SF
    • 8.72 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 24, 2021
    $58,200,000
    Location Intelligence
    Property ID
    US63-0273270
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • 1st Choice Insurance NY / Insurance Agency
    • EZ Short Sales / Real Estate Attorney / Real Estate Developer
    • Encyphers / Internet Marketing Service / Software Company
    • CareMed Specialty Pharmacy / Pharmacy
    • Courtney’s Job / Lodging

    Property Details for 1985 Marcus Ave

    Year built
    1983
    Lot size
    8.72 lot acres
    Property size
    29,366 SF
    Property type
    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Hyde Park
    County
    Nassau
    State
    New York
    Longitude
    -73.6931
    Latitude
    40.7566
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,890,722
    $94,961
    $416,318
    $511,279
    -
    $0.00
    $0.00
    $51,127,900

    Comparable in this City

    • Value Estimation
      $825,000
      47,222 SF

      3400 New Hyde Park Rd

      OFFICE BUILDING • 47,222 SF
      3400 New Hyde Park Rd, New Hyde Park, NY 11042-1226
      View Details
    • Value Estimation by Request
      2,400 SF

      420 Lakeville Rd

      OFFICE BUILDING • 2,400 SF
      420 Lakeville Rd, New Hyde Park, NY 11042-1121
      View Details
    • Value Estimation
      $520,000
      12,077 SF

      3000 Marcus Ave

      OFFICE BUILDING • 12,077 SF
      3000 Marcus Ave, New Hyde Park, NY 11042-1096
      View Details
    • Value Estimation by Request
      286,113 SF

      2001 Marcus Ave

      OFFICE BUILDING • 286,113 SF
      2001 Marcus Ave, New Hyde Park, NY 11042-2061
      View Details
    • Value Estimation by Request
      20,350 SF

      3003 New Hyde Park Rd

      PROFESSIONAL BUILDING (MULTI-STORY) • 20,350 SF
      3003 New Hyde Park Rd, New Hyde Park, NY 11042-1206
      View Details
    • Value Estimation by Request
      25,618 SF

      6 Ohio Dr

      PROFESSIONAL BUILDING (MULTI-STORY) • 25,618 SF
      6 Ohio Dr, New Hyde Park, NY 11042-1124
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      64,000 SF

      New Hyde Park Parking Garage

      64,000 SF property with covered parking available for rent.
      3003 New Hyde Park Rd, New Hyde Park, NY 11042
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    • Contact for pricing
      160,000 SF

      Office Building Near Major Parkways

      Office building in park-like setting near LIE and Northern State.
      3333 New Hyde Park Rd, New Hyde Park, NY 11042
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      57,300 SF

      New Hyde Park Office Space

      Office/Medical space with granite atrium and indoor parking.
      6 Ohio Dr, New Hyde Park, NY 11042
      View Details
    • Contact for pricing
      212,000 SF

      Lake Success Executive Office Space

      Prime Long Island Office Suites Available
      2001 Marcus Ave, New Hyde Park, NY 11042
      View Details
    • $22 SF/Yr
      21,710 SF

      Lake Success Office Suites

      Prestigious Long Island Office Space, Flexible Options
      1979 Marcus Ave, North New Hyde Park, NY 11042
      View Details
    • $35 SF/Yr
      7,542 SF

      New Hyde Park Office Space

      Office space for rent near Northern State Parkway.
      3111 New Hyde Park Rd, New Hyde Park, NY 11042
      View Details
    Request Owner's contact information
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    1985 Marcus Ave
    New Hyde Park, NY 11042-2008
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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