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    Property profile & analytics

    5 Bond St, Unit 1 Great Neck, NY 11021

    • Investment properties
    • 595 SF
    • 0.11 lot acres
    For Lease
    View listing
    $6,900 /Mo
    Value Estimation
    $2,880,000
    Last Sale
    Jul 15, 2022
    $3,000,000
    Location Intelligence
    Property ID
    US63-1806241
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Gelber & Mundy Jewelry Co. Inc. of Great Neck / Jeweler / Watch Store
    • Neofuture Tutoring Academy / Educational Institution
    • Zimmerman-Edelson / Marketing Agency / Advertising Agency
    • Tiger Agency / Insurance Agency
    • Great Neck Better Health Chiro / Chiropractor

    Property Details for 5 Bond St

    Year built
    1946
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.11 lot acres
    Property size
    595 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    02-197-00-0128
    APU
    2197000128

    Description

    This exceptional executive office space, located in the heart of the Great Neck Plaza Business Improvement District, offers a unique opportunity for discerning businesses. The property boasts approximately 1,650 square feet of versatile space, ideally suited for a variety of uses. The main floor encompasses roughly 1,533 square feet, complemented by a sizable basement area. Its prime location, just half a block from the Long Island Rail Road (LIRR) station, ensures excellent accessibility and high foot traffic. Surrounded by a thriving culinary scene and situated on a bustling street, this property enjoys unparalleled visibility, making it an attractive proposition for businesses seeking maximum exposure. The space is perfect for retail establishments, restaurants, pharmacies, salons, or other similar ventures. The total monthly rent is $7,000. This is a single-tenant occupancy property, offering exclusivity and control. Don't miss this chance to secure a prominent presence in a highly sought-after location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,875,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,885,000
      6.5%
      $3,220,000
      7%
      $3,205,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,895,000
      Geo Method
      $2,740,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,940,000
      Retail
      $3,270,000
      Mixed-Use
      $3,440,000
      Hospitality
      $3,360,000
      Educational
      $2,820,000
      Residential Income
      $2,645,000
      Energy
      $2,685,000
      Income-Based Land
      $2,500,000
      Food Service
      $2,615,000

    Location Insight

    • Map
    • Local Demand
    City
    Great Neck
    County
    Nassau
    State
    New York
    Longitude
    -73.727
    Latitude
    40.7879
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $63,808
    $2,026
    $12,054
    $14,080
    -
    $0.00
    $0.00
    $1,408,000

    Comparable in this City

    • Value Estimation by Request
      1,370 SF

      98 Northern Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,370 SF
      98 Northern Blvd, Great Neck, NY 11021-4301
      View Details
    • Value Estimation by Request
      1,328 SF

      94 Northern Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,328 SF
      94 Northern Blvd, Great Neck, NY 11021-4301
      View Details
    • Value Estimation by Request
      1,633 SF

      100 Northern Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,633 SF
      100 Northern Blvd, Great Neck, NY 11021-4301
      View Details
    • Value Estimation by Request
      1,320 SF

      92 Northern Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,320 SF
      92 Northern Blvd, Great Neck, NY 11021-4301
      View Details
    • Value Estimation by Request
      748 SF

      324 Great Nck Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 748 SF
      324 Great Nck Rd, Great Neck, NY 11021-4223
      View Details
    • Value Estimation
      $3,015,000
      6,800 SF

      19 Northern Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 6,800 SF
      19 Northern Blvd, Great Neck, NY 11021-4044
      View Details

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    5 Bond St, Unit 1
    Great Neck, NY 11021
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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