70 Glen StGlen Cove, NY 11542

Property Details for 70 Glen St

Year built

1988

Lot size

1.64 AC

Property size (Sq ft)

16,709 SF

Property type

Office buildings

APN

21-00B-00-0619

APU

2100B000619

Description

This exceptional 75,000 square foot medical office building in Nassau County offers immediate occupancy and a range of desirable features. The property boasts newly renovated spaces, including a state-of-the-art HVAC system, modernized elevators, and upgraded common areas. The parking lot has been repaved and includes an attendant, providing ample parking for tenants and visitors, supplemented by municipal parking options. The building also features enhanced security with an exterior buzzer system and LED lighting throughout. Units are divisible to a minimum of 315 square feet, with a maximum contiguous space of 6,500 square feet, making it suitable for a variety of medical practices. Tenants will appreciate the convenient location, with easy access to public transportation, restaurants, and shopping. Building amenities include a bank, cable and Verizon service, a fully sprinklered system, 24/7 access, a concierge, a comprehensive fitness facility, and common kitchens equipped with refrigerators. Heating is included in the rental rate, while A/C and electric are $3.75 per square foot. Negotiable workletters are available. This prime location and extensive renovations make this an unparalleled opportunity for medical professionals seeking modern, well-equipped office space.

• CAP approach

  CAP return

  Valuation

  6%

  $2,762,497

  6.5%

  $2,549,997

  7%

  $2,367,854

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,183,198

  Geo Method

  $2,183,198

• Alternative Use

  Use

  Valuation

  Residential

  $3,161,996

  Hospitality

  $2,896,372

  Educational

  $2,409,747

  Medical

  $2,492,622

  Retail

  $3,748,496

Location Insight

City

Glen Cove

County

Nassau

State

New York

Latitude

40.8635

Longitude

-73.6288

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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