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1 School St
Glen Cove, NY 11542
Office Property For Sale
·
32,121 SF
EXECUTIVE SUMMARY
Extraordinary office condo of 2,858 sq. ft. available for sale. Inves tment opportunity with a s trong tenant with 4.5 year s of the initial lease term & a 5 year option to renew. NOI i s $35,118. Sale Price: $715,000. CAP Rate = 4.9%. 9 offices , conference room, reception, breakroom/kitchenette, and 2 exit s . Metered electricity with separate HVAC. Corner unit with windows on two s ides . Private bathroom + hallway res trooms . Easy acces s to the elevator s and a large free parking lot. Attached to the 3rd tier level City of Glen Cove municipal parking lot from the rear entrance of the building.
PROPERTY FACTS
| Total Building Size | 32,121 SF | Year Built | 1982 |
| Property Type | Office (Condo) | Lot Size | 0.43 AC |
| Building Class | B | Parking Ratio | 28.57/1,000 SF |
| Floors | 3 | Opportunity Zone |
Yes
|
| Typical Floor Size | 3,500 SF | ||
| Zoning | Business - Commercial Condo/OFFICE/RETAIL/MEDICAL | ||
| Total Building Size | 32,121 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 3,500 SF |
| Year Built | 1982 |
| Lot Size | 0.43 AC |
| Parking Ratio | 28.57/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Business - Commercial Condo/OFFICE/RETAIL/MEDICAL |
AMENITIES
- Commuter Rail
- Property Manager on Site
- Security System
- Reception
- Direct Elevator Exposure
- Natural Light
- Partitioned Offices
- Air Conditioning
1 UNIT AVAILABLE
Unit 302
| Unit Size | 2,858 SF | Cap Rate | 4.91% |
| Condo Use | Office/Medical | NOI | $49,021.92 CAD |
| Sale Type | Investment | No. Parking Spaces | 50 |
| Unit Size | 2,858 SF |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 4.91% |
| NOI | $49,021.92 CAD |
| No. Parking Spaces | 50 |
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