Financial
Distress signals
Property profile

87 Watermill Ln Great Neck, NY 11021

OFF-MARKET
Office buildings
Property ID
US63-0229112
640 SF 0.06 ac lot Built 1982
Last sale Aug 2021 · $982,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property at 87 Water Mill Ln in Great Neck, NY is a two-story office building with approximately 1,200 square feet per level (2,400 total). The upper level is arranged into six separate office spaces, while the ground level provides an open area suitable for multiple office layout configurations. The building includes two bathrooms and is heated by an oil-fired heating system. Parking is provided for five vehicles, consisting of a two-car garage and a three-car driveway. The overall…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$16k
Tax billed · 2023
Assessed value$3k
Assessed land$640
Assessed improvement$2k
Effective rate619.51%

Value estimate

· Sep 2026
$1.18M
$1.06M – $1.29M
AI approach$810k
Submarket $/SF estimate$592k

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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 Center12.4
Parking Facility10.0
Garden Center9.7

Location

87 Watermill Ln Great Neck, NY 11021-4234
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file 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
239 Great Nck, Great Neck, NY 11021-3301 $4,300,000 Dec 2025 1,800 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
316 Great Nck, Great Neck, NY 11021-4202 $415,000 Feb 2024 1,472 SF
907 Northern, Great Neck, NY 11021-5304 $13,000,000 Apr 2022 3,078 SF
18 Genevieve, Great Neck, NY 11021-4348 $815,200 Nov 2021 1,925 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 87 Watermill Ln?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message