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1097 Old Country Rd
Plainview, NY 11803
Office Property For Sale
·
18,000 SF
Executive Summary
3,000 SF office medical condo available.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Description
Tenant: Northwell Health
Lease Term: 10/03/2022 – 09/30/2027
Base Rent: $58,230 Annually
Renewal Option: One (1) Five-Year Option
Tenant is responsible for:
Lease Term: 10/03/2022 – 09/30/2027
Base Rent: $58,230 Annually
Renewal Option: One (1) Five-Year Option
Tenant is responsible for:
- 100% of Real Estate Taxes
- Condominium Common Charges (~$1,200/month)
All utilities (directly metered and contracted)
This structure results in a pass-through expense profile with limited landlord obligations.
Sale Notes
Cushman & Wakefield has been exclusively retained to present the opportunity to acquire a fully leased medical office condominium located at 1097 Old Country Road, Plainview, New York.
The offering consists of a ±3,235 square foot medical suite leased to Northwell Health, providing stable, credit-backed cash flow through September 30, 2027. The lease structure offers a favorable pass-through expense profile, with the tenant responsible for real estate taxes, condominium common charges, and
utilities.
Unit 201 is configured with a highly efficient, purpose-built medical layout, including multiple exam rooms, consultation offices, administrative space, and a dedicated waiting area. The property is located within a well-maintained medical condominium with strong accessibility and ample on-site parking.
The offering consists of a ±3,235 square foot medical suite leased to Northwell Health, providing stable, credit-backed cash flow through September 30, 2027. The lease structure offers a favorable pass-through expense profile, with the tenant responsible for real estate taxes, condominium common charges, and
utilities.
Unit 201 is configured with a highly efficient, purpose-built medical layout, including multiple exam rooms, consultation offices, administrative space, and a dedicated waiting area. The property is located within a well-maintained medical condominium with strong accessibility and ample on-site parking.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 201 | 3,235 SF | Office/Medical | Upon Request | - |
Unit 201
| Unit Size |
| 3,235 SF |
| Condo Use |
| Office/Medical |
| Price |
| Upon Request |
| NOI |
| - |
1 of 1
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Unit 201
| Unit Size | 3,235 SF |
| Condo Use | Office/Medical |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Description | |
| Tenant: Northwell Health<br> Lease Term: 10/03/2022 – 09/30/2027<br> Base Rent: $58,230 Annually<br> Renewal Option: One (1) Five-Year Option<br> Tenant is responsible for:<br> <ul style="list-style: disc; padding: 0px 0px 0px 40px"><li> 100% of Real Estate Taxes<br> </li><li> Condominium Common Charges (~$1,200/month)<br> All utilities (directly metered and contracted)<br> This structure results in a pass-through expense profile with limited landlord obligations.</li></ul> | |
| Sale Notes | |
| Cushman & Wakefield has been exclusively retained to present the opportunity to acquire a fully leased medical office condominium located at 1097 Old Country Road, Plainview, New York.<br> <br> The offering consists of a ±3,235 square foot medical suite leased to Northwell Health, providing stable, credit-backed cash flow through September 30, 2027. The lease structure offers a favorable pass-through expense profile, with the tenant responsible for real estate taxes, condominium common charges, and<br> utilities.<br> <br> Unit 201 is configured with a highly efficient, purpose-built medical layout, including multiple exam rooms, consultation offices, administrative space, and a dedicated waiting area. The property is located within a well-maintained medical condominium with strong accessibility and ample on-site parking.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 18,000 SF | Typical Floor Size | 9,000 SF |
| Property Type | Office (Condo) | Year Built | 1989 |
| Property Subtype | Medical | Lot Size | 0.98 AC |
| Building Class | B | Parking Ratio | 5.56/1,000 SF |
| Floors | 2 |
| Total Building Size | 18,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 9,000 SF |
| Year Built | 1989 |
| Lot Size | 0.98 AC |
| Parking Ratio | 5.56/1,000 SF |
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
