Project Description

For Sale: Retail Storefront Building in Great Neck, NY

620 Middle Neck Rd, Great Neck, NY 11023

Executive Summary:

Price: $1,100,000
Building Size: 3,193 SF
Property Type: Retail Storefont & Apartment
Lot Size: 0.05 Acres
Year Built: 1913
Cap Rate (Projected): 6.22%
NOI: $68,400
Location:
620 Middle Neck Rd
Great Neck, NY 11023

Investment Highlights

  • Strong Demographics – Average 1 Mile HH Income $190,000+
  • Close Proximity to Parks, Schools, and Places of Worship
  • Adjacent to ‘La Bottega’ Italian Restaurant
  • Near Neighborhood Retail Including Chase bank and Dunkin’
  • Great Opportunity for an Owner-User with a Retail Business

About Great Neck, NY

Great Neck is a village in Nassau County located on the North Shore of Long Island, New York. The term Great Neck is also commonly applied to the entire peninsula on the north shore, comprising a residential community of some 40,000 people made up of nine villages as well as unincorporated areas of North Hempstead, of which it is the northwestern quadrant.

The residents of Great Neck are very well-educated, recognize importance in their education and have high expectations for their school system. The Great Neck School District is the school district of the area. About 6,000 students, grades K-12, attend the Great Neck Public Schools. It composes of three high schools, two middle schools, and four elementary schools.

Great Neck is known for its wonderful community environment that the area offers resident’s great amenities like a senior citizens center, many temples and churches, adult education classes and art classes, and many more. Great Neck also has many beautiful waterfront views and easy waterfront access. Recreational activities like sailing and tennis are abundant in the area.

Contact Broker

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300 x202
(F) 516.390.5780

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