Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2001 Marcus Ave New Hyde Park, NY 11042-2061

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2001 Marcus Ave New Hyde Park, NY 11042-2061

    View on Map
    • Banks
    • 0.25 lot acres
    Off-Market
    Property ID
    US63-4239569
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • All Care Medical of NY PC / Medical Clinic
    • Rosenbaum Design Group Architecture / Architecture Firm
    • Med men / (Bike/Boat/Book/etc) Store
    • Law Office Of Cohen & Jaffe LLP Personal Injury, Medical Malpractice and Accident Lawyers / Law Firm
    • Steven Siegel Attorney At Law / Law Firm

    Property Details for 2001 Marcus Ave

    Lot size
    0.25 lot acres
    Property type
    Banks
    APN
    08-B18-00-0340
    APU
    08B18000340

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Hyde Park
    County
    Nassau
    State
    New York
    Longitude
    -73.6887
    Latitude
    40.7553
    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
    $3,032
    $565
    $0.00
    $565
    -
    $0.00
    $0.00
    $56,500

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      410 Lakeville Rd

      FINANCIAL BUILDING • 0.10 Acres
      410 Lakeville Rd, New Hyde Park, NY 11042-1101
      View Details
    • Value Estimation
      $5,115,000
      29,000 SF

      2317 New Hyde Park Rd

      RETAIL STORES (PERSONAL SERVICES) • 29,000 SF
      2317 New Hyde Park Rd, New Hyde Park, NY 11042-1212
      View Details
    • Value Estimation
      $2,800,000
      4,650 SF

      2201 New Hyde Park Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 4,650 SF
      2201 New Hyde Park Rd, New Hyde Park, NY 11042-1213
      View Details
    • Value Estimation
      $6,485,000
      36,750 SF

      2317 New Hyde Park Rd

      RETAIL STORES (PERSONAL SERVICES) • 36,750 SF
      2317 New Hyde Park Rd, New Hyde Park, NY 11042-1212
      View Details
    • Value Estimation
      $25,345,000
      65,495 SF

      2335 New Hyde Park Rd

      SHOPPING CENTER, STRIP CENTER • 65,495 SF
      2335 New Hyde Park Rd, New Hyde Park, NY 11042-1200
      View Details
    • Value Estimation
      $13,720,000
      41,455 SF

      2317 New Hyde Park Rd

      SHOPPING CENTER, STRIP CENTER • 41,455 SF
      2317 New Hyde Park Rd, New Hyde Park, NY 11042-1212
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,033 SF

      Prime Retail Space in Shopping Center

      Rare opportunity in a busy shopping center anchored by ShopRite.
      2317 Marcus Ave, New Hyde Park, NY 11042
      View Details
    • 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
      View Details
    • Contact for pricing
      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
      232,917 SF

      New Hyde Park Office Space

      Office building with 232,917 square feet available for rent.
      3400 New Hyde Park Rd, New Hyde Park, NY 11042
      View Details
    • Contact for pricing

      Office Space in Lake Success

      Office space in prestigious Nassau County, Long Island.
      1979 Marcus Ave, New Hyde Park, NY 11042
      View Details
    • Contact for pricing
      20,000 SF

      Office Space Available For Rent

      Office space available for rent in North New Hyde Park.
      1991 Marcus Ave, North New Hyde Park, NY 11042
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2001 Marcus Ave
    New Hyde Park, NY 11042-2061
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!