287 Northern Blvd B0ULEVAR Great Neck, NY 11021-4700
This exceptional investment opportunity presents three multi-tenant office buildings totaling 66,739 square feet, strategically located on Northern Boulevard in Great Neck, NY. The portfolio comprises three buildings situated at 287, 295, and 305 Northern Boulevard, each offering elevator access and ample on-site parking. Built between 1964 and 1978, these properties boast a prominent location with high traffic counts of 28,688 cars daily, ensuring excellent visibility and accessibility. The buildings benefit from existing tenants with annual rent increases and pro-rata contributions towards common area maintenance (CAM) and real estate taxes. Vacant spaces provide immediate lease-up opportunities for enhanced returns. The 1.48-acre site is conveniently located near the Long Island Expressway and other office buildings in the thriving Great Neck area, within Nassau County, and has a zip code of 11021. This portfolio offers a compelling combination of established income, future growth potential, and a prime location in a desirable Long Island market. The asking price for this exceptional investment is $16,999,000, representing a price per square foot of $255.
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Sinai Northshore Medical Associates Medical Clinic
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Randazzo & Giffords Law Firm
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JPC Contracting Construction Company General Contractor
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Maximum Life Wellness Physician
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martin kluger phd Physician Medical Clinic
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.