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1 School St
Glen Cove, NY 11542

Office Property For Sale · 29,291 SF

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Executive Summary

Extraordinary office condo of 2,858 sq. ft. available for sale. Inves tment opportunity with a s trong tenant with 4.5 year s of the initial lease term & a 5 year option to renew. NOI i s $35,118. Sale Price: $715,000. CAP Rate = 4.9%. 9 offices , conference room, reception, breakroom/kitchenette, and 2 exit s . Metered electricity with separate HVAC. Corner unit with windows on two s ides . Private bathroom + hallway res trooms . Easy acces s to the elevator s and a large free parking lot. Attached to the 3rd tier level City of Glen Cove municipal parking lot from the rear entrance of the building.

PROPERTY FACTS

Unit Size	2,858 SF	Building Class	B
No. Units	1	Floors	3
Total Building Size	29,291 SF	Typical Floor Size	3,500 SF
Property Type	Office (Condo)	Year Built	1982
Property Subtype	Medical	Parking Ratio	28.57/1,000 SF
Sale Type	Investment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Size	2,858 SF
No. Units	1
Total Building Size	29,291 SF
Property Type	Office (Condo)
Property Subtype	Medical
Sale Type	Investment
Building Class	B
Floors	3
Typical Floor Size	3,500 SF
Year Built	1982
Parking Ratio	28.57/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Unit Available

Unit 302

Unit Size	2,858 SF	Cap Rate	4.91%
Condo Use	Office/Medical	NOI	$35,118
Sale Type	Investment	No. Parking Spaces	50

Unit Size	2,858 SF
Condo Use	Office/Medical
Sale Type	Investment
Cap Rate	4.91%
NOI	$35,118
No. Parking Spaces	50

1 School Street - Unit 302

Commuter Rail
Property Manager on Site

Security System
Reception

Direct Elevator Exposure
Natural Light

Partitioned Offices
Air Conditioning

zoning

Zoning Code	Business (Commercial Condo/OFFICE/RETAIL/MEDICAL)
Business (Commercial Condo/OFFICE/RETAIL/MEDICAL)

Learn More About Investing in Office Space

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Listing ID: 29617646
Date on Market: 9/25/2023
Last Updated:
Address: 1 School St, Glen Cove, NY 11542

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