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Redevelopment Property with $800K NOI 1 Garvies Point Rd 85,000 sq ft 100% Let Industrial Property Glen Cove, NY 11542 £12,716,510 (£149.61/sq ft) 4.71% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • On the Glen Cove Waterfront
  • Bordered by a Nature Preserve and Public Esplanade
  • Redevelopment Possibilities

EXECUTIVE SUMMARY

Rare opportunity to redevelop on the Glen Cove Waterfront. Please see attached Offering Memorandum (Brochure)

ATTACHMENTS

6.4 Ac Waterfront For Sale

PROPERTY FACTS

Price £12,716,510 Total Plot Size 6.33 ac
Price per sq ft £149.61 Net Internal Area (NIA) 85,000 sq ft
Sale Type Investment No. Floors 1
Yield 4.71% Year Built 1959
Sale Conditions
Option to Purchase with Lease
  • Redevelopment Project
 Parking Allocation 2.35/1,000 sq ft
Property Type Industrial Eaves Height 16 ft
Property Subtype
Manufacturing
  • Light Industrial Light Manufacturing
  • Industrial Warehouse
 No. Drive In / Grade-Level Doors 1
Costar Property Class C
Use Class MW3
Price £12,716,510
Price per sq ft £149.61
Sale Type Investment
Yield 4.71%
Sale Conditions
Option to Purchase with Lease
  • Redevelopment Project
Property Type Industrial
Property Subtype
Manufacturing
  • Light Industrial Light Manufacturing
  • Industrial Warehouse
Costar Property Class C
Total Plot Size 6.33 ac
Net Internal Area (NIA) 85,000 sq ft
No. Floors 1
Year Built 1959
Parking Allocation 2.35/1,000 sq ft
Eaves Height 16 ft
No. Drive In / Grade-Level Doors 1
Use Class MW3

AMENITIES

  • 24 Hour Access
  • Waterfront

UTILITIES

  • Sewer - City
  • Heating - Oil (Fired)

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • sq ft OCCUPIED
  • RENT/sq ft
  • LEASE END
  • Avalon Deco
  • Wholesaler
  • 4,000 sq ft
  • -
  • -
  • Kings Produce
  • Wholesaler
  • 8,000 sq ft
  • -
  • -
  • RSA Catering
  • Retailer
  • 7,000 sq ft
  • -
  • -
  • RXR
  • Construction
  • -
  • -
  • -
  • Sunsha International
  • Manufacturing
  • 20,000 sq ft
  • -
  • -
TENANT INDUSTRY sq ft OCCUPIED RENT/sq ft LEASE END
Avalon Deco Wholesaler 4,000 sq ft - -
Kings Produce Wholesaler 8,000 sq ft - -
RSA Catering Retailer 7,000 sq ft - -
RXR Construction - - -
Sunsha International Manufacturing 20,000 sq ft - -
1 1
1 Garvies Point Rd, Glen Cove, NY - AERIAL map view
(516) 359-8028

Still interested?

Contact the agent for more information about this property

CONTACT

  • Listing ID: 29617565

  • Date on Market: 25/09/2023

  • Last Updated:

  • Address: 1 Garvies Point Rd, Glen Cove, NY 11542

The Outlying Northern Nassau Industrial Property at 1 Garvies Point Rd, Glen Cove, NY 11542 is currently available. Contact Landmark Realtors, Inc for more information.

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1 Garvies Point Rd, Glen Cove, NY for sale Aerial- Image 1 of 3
Aerial
1 Garvies Point Rd, Glen Cove, NY for sale Plat Map- Image 2 of 3
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Redevelopment Property with $800K NOI | 1 Garvies Point Rd
(516) 359-8028 x

Redevelopment Property with $800K NOI | 1 Garvies Point Rd

Gabor Karsai
(516) 359-8028

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