Property profile

40 Cuttermill Rd 300-B Great Neck, NY 11021

FOR LEASE
Office buildings
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Property ID
US63-1680971
39,878 SF 1.01 ac Built 1984
Last sale Feb 2020·$27,900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon
40 Cuttermill Rd,Unit 300-B, Great Neck, NY 11021 For Lease
$3,607/Mo
40 Cuttermill Rd,Unit 300-B, Great Neck, NY 11021
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Property summary

AI-generated overview

The property is a Class A office building featuring a renovated lobby, modern elevator service, and a parking lot with a courtyard. On-site building operations include dedicated management and 24-hour security surveillance, and the building is configured for 24/7 access. The subject offering is an office suite of approximately 1,415 RSF designed for professional use. The building is situated near an LIRR station with access to nearby restaurants, cafes, banks, and public transportation, supporting convenient commuting and visitor access.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$380k
Tax billed · 2023
Assessed value$83k
Assessed land$22k
Assessed improvement$61k
Effective rate459.44%

Value estimate

· Nov 2026
$7.71M
$6.94M – $8.48M
NOI build-up
Gross scheduled income$84k
Vacancy & credit loss−$15k
Operating expenses−$17k
NOI$52k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$706/SF
County average, outlier-cleaned · 295 recorded sales of this use type
Observed band · Q1–Q3$368 – $1,136
Qualifying comparables3

Cap rate analysis

How does the asset earn?
$52k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionNASSAU

Location intelligence

Which uses thrive at this corner?
Best fit: Daycare Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Daycare Center17.1
Laundromat10.0
Grocery Store9.9

Location

40 Cuttermill Rd, Unit 300-B Great Neck, NY 11021
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
300 Northern, Great Neck, NY 11021-4818 $1,650,000 Apr 2025 4,584 SF
370 Northern, Great Neck, NY 11021-4813 $2,000,000 Dec 2024 2,500 SF
8 Bond, Great Neck, NY 11021-2448 $6,000,000 Jul 2024 2,726 SF
907 Northern, Great Neck, NY 11021-5304 $13,000,000 Apr 2022 3,078 SF
600 Northern, Great Neck, NY 11021-5206 $47,800,000 Mar 2021 55,600 SF
1010 Northern, Great Neck, NY 11021-5317 $57,800,000 Jan 2021 73,400 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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