700-760 Old Country Rd
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700-760 Old Country Rd
32,898 SF 78% Leased Office Building Plainview, NY 11803 £5,135,065 (£156/SF) 7.22% Net Initial Yield
Investment Highlights
- For Sale: Central Park Plaza in Plainview, NY
- Ample On-Site Parking with 120 Spaces
- Roof is about 10 Years Old, in Great Condition, and is High Quality
- Office Building with Several Tenants - 3 Vacancies Available to Lease-Up; Rent Roll is Current and Up-to-Date
- Close Proximity to the Seaford-Oyster Bay Expy, the Northern State Pkwy, and the Long Island Expy
Executive Summary
American Investment Properties is retained to sell the property located at 700 Old Country Rd, Plainview, NY. At this location is the Central Park Plaza which is an office building with several tenants. Currently there are 3 vacancies which provide for great lease-up opportunities.
There is ample on-site parking with 120 spaces. This property is located close to the Seaford-Oyster Bay Expy, the Northern State Pkwy, and the Long Island Expy.
There is ample on-site parking with 120 spaces. This property is located close to the Seaford-Oyster Bay Expy, the Northern State Pkwy, and the Long Island Expy.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
32,898 SF
Building Class
B
Year Built
1960
Price
£5,135,065
Price Per SF
£156
Net Initial Yield
7.22%
NOI
£370,549
Percent Leased
78%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
32,898 SF
Slab to Slab
10 ft
Building FAR
0.41
Land Acres
1.86 AC
Zoning
Commercial
Parking
120 Spaces (3.65 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 of 1
Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 2489-12-447-00-0021-0 | Improvements Assessment | £14,365 |
| Land Assessment | £17,029 | Total Assessment | £31,394 |
PROPERTY TAXES
Parcel Number
2489-12-447-00-0021-0
Land Assessment
£17,029
Improvements Assessment
£14,365
Total Assessment
£31,394
-
Ron Koenigsberg -
American Investment Properties, Inc.
(516) 393-2300
x101
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700-760 Old Country Rd
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