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Property profile & analytics
OFF-MARKET Estimated value $3,775,000
Office buildings

287 Northern Blvd B0ULEVAR Great Neck, NY 11021-4700

19,570 SF 0.48 ac lot Built 1978
Entity Owned 16-yr Hold ~ Est. High Equity
Property ID
US63-1086107
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1978
Construction FRAME
Total area 19,570 SF
Lot 0.48 ac (20,691 SF)
APN 02-241-00-0324
UPID US63-1086107
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
  • Sinai Northshore Medical Associates Medical Clinic
  • Randazzo & Giffords Law Firm
  • JPC Contracting Construction Company General Contractor
  • Maximum Life Wellness Physician
  • martin kluger phd Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.78M
Owner & transaction history
Mile Properties Miracle · 16 yrs held
Mile Properties Miracle
since 2009
5 recorded transactions
2017
Price N/A
2009
$584,000
2005
$4.0M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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