Property profile

2001 Marcus Ave New Hyde Park, NY 11042

OFF-MARKET
Banks
Property ID
US63-4239569
0.25 ac lot
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional three-story office building, located at 2001 Marcus Avenue in New Hyde Park, NY 11042, offers 212,000 square feet of executive office space in a vibrant commercial corridor. Built in 1979, the property boasts modern amenities including covered parking, a ground floor atrium café, and recently renovated common areas featuring an upgraded lobby, a state-of-the-art energy management system, modernized elevators, a new roof, and a rehabilitated garage. The building provides convenient access to major roadways such as the Long Island Expressway (I-495), Cross Island Parkway, and Northern State Parkway, as well as multiple Long Island Railroad stations. Its strategic location offers a 15-minute commute to Midtown Manhattan and proximity to LaGuardia and Kennedy Airports. Suites range from 1,236 to 9,352 contiguous square feet, with 21,737 square feet currently vacant. The building features 120/208 three-phase power and is served by elevators. Current tenants include notable companies such as Quest Diagnostics, LabCorp, and AT&T Wireless, reflecting the property's high-quality tenant base. This Nassau County property presents a unique opportunity for businesses seeking modern, well-maintained office space in a highly desirable location. The building's multiple tenancy structure allows for flexibility in space requirements.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Lot 0.25 ac (10,744 SF)
APN 08-B18-00-0340
UPID US63-4239569

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
  • Medical Clinic
  • Architecture Firm
  • (Bike/Boat/Book/etc) Store
  • Law Firm
  • Law Firm

Location

2001 Marcus Ave New Hyde Park, NY 11042-2061
New Hyde Park metro Census 302800 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2016
1 recorded transaction
2016
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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