Property profile

38 Northern Blvd Great Neck, NY 11021

OFF-MARKET
Office buildings
Property ID
US63-2577836
352 SF 0.18 ac lot Built 1986
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 8,600 square foot mixed-use building, located at 38 Northern Boulevard in Great Neck, New York, presents a unique investment opportunity. Built in 1986 and extensively renovated in 2009, this three-story Class C building boasts a prime location with high visibility and brand exposure, experiencing 40,000 cars passing daily. The property includes 21 parking spaces and sits on a 7,680 square foot lot. The building features a full camera security system, a five-zone HVAC system (with three condensers under two years old and two older condensers), and a complete sprinkler system (dry system in the parking lot and wet system indoors). A significant addition was constructed 15 years ago, and the concrete slab roof with a hard rubber top is only two years old. An 800 AMP service and an Otis elevator are also included. A back staircase provides private entry for medical professionals. All certificates of occupancy are complete. This owner/user opportunity is ideal for a cardiology practice or similar business, offering ample space and modern amenities. The asking price is $3,800,000.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 1986
Construction FRAME
Total area 352 SF
Lot 0.18 ac (7,680 SF)
APN 02-055-00-0673
UPID US63-2577836

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
  • Physician
  • Park
  • Medical Clinic
  • Physician

Location

38 Northern Blvd Great Neck, NY 11021-4001
Great Neck metro Census 300800 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
$205k

Owner & transaction history

since 2026
1 recorded transaction
2026
$3.4M

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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