GREAT NECK, NY
PRICE
$8,166,000
CAP RATE
7.0%
GLA
22,500 SF
OCCUPANCY
100%
HIGHLIGHTS
- VALUE-ADD – Below market rents providing a huge value add opportunity
- LOCATION – Located in the heart of the Village of Great Neck
- STABLE TENANCY – 67% of building leased to a superior and exceptional co-working company
- SIGNIFICANT DEVELOPMENTS – The Village of Great Neck is continuing to undergo major residential developments due to the heavy demand and lack of supply of apartments
- AMPLE PARKING – This property offers an abundant amount of parking that is severely lacked in office buildings in this area
- ADDITIONAL VALUE-ADD – There’s an additional value-add opportunity for an investor or developer who utilizes the air rights in building two additional floors