200 Middle Neck road

Great neck, NY 11021


EXECUTIVE SUMMARY

Politan Real Estate is pleased to present Great Neck Promenade, located at 200 Middle Neck Road, Great Neck, NY 11021. The offering consists of a newly renovated 2 story retail building located right on Middle Neck Road. The space has approximately 35,655 square feet of Gross Leaseable Area with 10 ft ceilings. There are also 170 parking spaces, 120 that are uncovered and that are 50 covered. This is a trophy asset in a AAA location.

This is the heart of Great Neck, with Northern Boulevard and the LIE a few minutes south from the property. Middle Neck Road is the main thoroughfare through Great Neck, with over 16,000 cars passing by daily. In addition, the Great Neck LIRR station is just minutes away, along with the N20G, N20H, N25, N26, N57 & N58; making this perfect for a transit oriented developer.

Great Neck Estates is a business district home to many national retailers and banks including Citibank, Chase, TD Bank, HSBC, Capital One, Band of America, CVS Pharmacy, Dunkin’ Donuts and more. This offering presents a great opportunity for potential income improvement.

Listing Agent

Dorothy Feng | Partner

dfeng@politangroup.com

PROperty Overview

Address

Location

Section/Block/Lot

Use

Lot Dimensions

Buildable Square Feet

Gross Leaseable Area

Cap Rate

Net Operating Income

Taxes

Utilities

Zoning District

Year Built

Transportation

200 Middle Neck Rd, Great Neck, NY 11021

Great Neck Estates

02/06/41

Retail

±180.00’ by ±373.00’

Contact Listing Agent

±35,655 Sq. Ft

7.9%

$722,511

Contact Listing Agent

Contact Listing Agent

Business D

1961

LIRR, N20G, N20H, N25, N26, N57, N58

ASKING PRICE

$15,800,000