11 Middle Neck RdGreat Neck, NY 11021

  • Office buildings
  • 12,694 SF
For Lease
$24/SF/YR View listing

Property Details for 11 Middle Neck Rd

Year built
1913
Construction
FRAME
Lot size
0.43 AC
Property size (Sq ft)
12,694 SF
Property type
Office buildings
APN
02-196-00-0041
APU
2196000041

Description

This exceptional office building at 11 Middle Neck Road in Great Neck, NY, 11021 offers 38,514 square feet of traditional office space. The property is ideally situated next to the Great Neck Long Island Rail Road (LIRR) station, providing convenient access to public transportation. The building features multiple tenancies, with 16 individual spaces currently available, ranging in size from 350 square feet to 5,000 square feet. This allows for flexibility to accommodate businesses of various sizes and needs. The modern amenities and versatile spaces are designed to create a professional and productive work environment. The stylish architecture and convenient location near major transportation routes create an impressive setting for both clients and employees. This highly sought-after address in Nassau County presents a unique opportunity for businesses seeking a prestigious and easily accessible location to establish or expand their operations. The building's design fosters a professional atmosphere, enhancing the overall business experience. This is an excellent opportunity to secure prime office space in a thriving area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,492,136
    6.5%
    $2,300,433
    7%
    $2,136,116
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,658,598
    Geo Method
    $1,658,598
  • Alternative Use

    Use
    Valuation
    Residential
    $2,852,537
    Hospitality
    $2,612,909
    Educational
    $2,173,909
    Medical
    $2,248,674
    Retail
    $3,381,637
11 Middle Neck Rd, Great Neck, New York

Location Insight

City
Great Neck
County
Nassau
State
New York
Latitude
40.7875
Longitude
-73.7276
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$327,001
$7,533
$53,132
$60,665
-
-
-
$6,066,500

FAQs

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