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1 School St 2,858 SF Office/Medical Condo Unit Offered at $977,362 CAD in Glen Cove, NY 11542
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.
1 Unit Available
Unit 302
| Unit Size | 2,858 SF | Sale Type | Investment |
| Price | $977,362 CAD | Cap Rate | 4.91% |
| Price Per SF | $341.97 CAD | NOI | $48,004.20 CAD |
| Condo Use | Office/Medical | No. Parking Spaces | 50 |
| Unit Size | 2,858 SF |
| Price | $977,362 CAD |
| Price Per SF | $341.97 CAD |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 4.91% |
| NOI | $48,004.20 CAD |
| No. Parking Spaces | 50 |
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
- Atrium
- Commuter Rail
- Fenced Lot
- Property Manager on Site
- Security System
- Wheelchair Accessible
- Reception
- Central Heating
- Direct Elevator Exposure
- Natural Light
- Partitioned Offices
- Air Conditioning
- Smoke Detector
Presented by
1 School St
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