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    FOR LEASE
    Office buildings

    70 Glen St, Glen Cove, NY 11542

    16,709 SF 1.64 ac lot Built 1988
    Entity Owned 21-yr Hold ~ Est. High Equity
    Property ID
    US63-6230768
    Property summary
    AI-generated overview

    This exceptional 75,000 square foot medical office building in Nassau County offers immediate occupancy and a range of desirable features. The property boasts newly renovated spaces, including a state-of-the-art HVAC system, modernized elevators, and upgraded common areas. The parking lot has been repaved and includes an attendant, providing ample parking for tenants and visitors, supplemented by municipal parking options. The building also features enhanced security with an exterior buzzer system and LED lighting throughout. Units are divisible to a minimum of 315 square feet, with a maximum contiguous space of 6,500 square feet, making it suitable for a variety of medical practices. Tenants will appreciate the convenient location, with easy access to public transportation, restaurants, and shopping. Building amenities include a bank, cable and Verizon service, a fully sprinklered system, 24/7 access, a concierge, a comprehensive fitness facility, and common kitchens equipped with refrigerators. Heating is included in the rental rate, while A/C and electric are $3.75 per square foot. Negotiable workletters are available. This prime location and extensive renovations make this an unparalleled opportunity for medical professionals seeking modern, well-equipped office space.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1988
    Total area 16,709 SF
    Lot 1.64 ac (71,656 SF)
    APN 21-00B-00-0619
    UPID US63-6230768
    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
    • One And Truly Dental Dental Office
    • Law Offices of John L. Maccarone, P.C. Law Firm
    • Kolker Paul MD Physician
    • Pro Performance Physical Therapy & Wellness Physician
    • Mould Removal & Cleanups Glen Cove Home Inspector
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $10.66M
    Owner & transaction history
    Pistilli Metro Center LLC · 21 yrs held
    Pistilli Metro Center LLC
    since 2005
    6 recorded transactions
    2017
    2005
    $8.8M
    2005
    1997
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $14.8M +25.8%
    Neighborhood: shopping center $14.7M +24.3%
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    More about this property
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