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    OFF-MARKET
    Banks

    2001 Marcus Ave, New Hyde Park, NY 11042-2061

    0.25 ac lot
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US63-4239569
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · 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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    2001 Marcus Avenue LLC · 10 yrs held
    2001 Marcus Avenue LLC
    since 2016
    1 recorded transaction
    2016
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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