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    11 Northern Boulevard

    Great Neck, NY 11021
    • $5,500,000
    • STATUS: Active
    • ON SITE: 9 days
    • MLS #: 3279475
    UPDATED: 16 min ago
    $5,500,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1921
    County:

    School Ratings & Info

    Description

    Great income producing property on Northern Blvd. Gross Operating Income: $589,600/yr, NOI: $435,000/yr. Current tenant consist of total wedding shop, attorney's office, pastry shop & music school. Each floor has almost 9,000 sqft of rentable space. Situated at the border line of Little Neck and Great Neck. 100 feet of highly visible frontage exposure. Renovated and updated in 2007. Great investment opportunity in NYC & Nassau boundary. Rent Roll As of 1/1/2021 Total Wedding Shop $27,956.64/mo $335,479.73/yr 55% of total annual RE tax ~4/30/2021 + 5 yr Law Office $4,800/mo $57,600/yr ~6/30/2024 Donut Shop $5,500/mo $66,000/yr ~10/31/2025 + 5 yr + 5 yr Music School $5,000/mo $60,000/yr ~2/28/2023 + 5 yr

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    © 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Denis Murphy Real Estate | RE/MAX Unlimited. Data last updated: 2021-01-18T23:16:19.517.
    www.denismurphyrealestate.com/homes/113121812
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    11 Northern Boulevard Great Neck, NY 11021

    • Price: $5,500,000
    • Status: Active
    • Updated: 16 min ago
    • MLS #: 3279475
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    1921
    Built
    County:
    Nassau
    Property Description
    Great income producing property on Northern Blvd. Gross Operating Income: $589,600/yr, NOI: $435,000/yr. Current tenant consist of total wedding shop, attorney's office, pastry shop & music school. Each floor has almost 9,000 sqft of rentable space. Situated at the border line of Little Neck and Great Neck. 100 feet of highly visible frontage exposure. Renovated and updated in 2007. Great investment opportunity in NYC & Nassau boundary. Rent Roll As of 1/1/2021 Total Wedding Shop $27,956.64/mo $335,479.73/yr 55% of total annual RE tax ~4/30/2021 + 5 yr Law Office $4,800/mo $57,600/yr ~6/30/2024 Donut Shop $5,500/mo $66,000/yr ~10/31/2025 + 5 yr + 5 yr Music School $5,000/mo $60,000/yr ~2/28/2023 + 5 yr
    Exterior Features

    Building Size 100 X 96 Business Parking Spaces 0 Loading Docks 0 Lot Size Dimensions 100X96 Parking Total 0.00

    Interior Features

    Ceiling Height N

    Property Features

    Business Type Industrial Gross Income 589600.00 Net Operating Income 435000.00 Operating Expense 154600.00 Property Sub Type Industrial Property Type Commercial Sale Tax Annual Amount 0.00 Tax Block 54 Zoning Description Business-A

    Listing courtesy of Daniel Park of Meerae Realty Corp.
    © 2021 OneKey MLS. All rights reserved.


    © 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Denis Murphy Real Estate | RE/MAX Unlimited. Data last updated: 2021-01-18T23:16:19.517.
     
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