Property profile

505 Middle Nck Rd Great Neck, NY 11023

OFF-MARKET
Retail space
Property ID
US63-0277564
3,080 SF 0.1 ac lot Built 1929
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1929
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,080 SF
Lot 0.1 ac (4,400 SF)
APN 01-053-00-0020
UPID US63-0277564

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
  • Restaurant

Location

505 Middle Nck Rd Great Neck, NY 11023-1439
Great Neck metro Census 300400 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.38M
Blend (final) Blend
$1.85M

Owner & transaction history

since 2015
4 recorded transactions
2015
Price N/A
2013
$531,436
1992
$141,500
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $2.7M +54.0%
Office building $2.2M +23.8%
Auto repair, garage $2.0M +15.3%

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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