415 Northern Blvd
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415 Northern Blvd
10,800 SF 100% Leased Office Building Great Neck, NY 11021 $6,000,000 ($556/SF) 7.99% Cap Rate
Investment Highlights
- End User Opportunity - Entire Ground Floor Available September 1, 2025
- Prominent Visibility with 200 feet of frontage on the bustling Northern Boulevard (25A)
- Passes Dental Care on 2nd Floor - NNN Lease with Annual Increases & 5-Year Renewal Options
Executive Summary
Cushman & Wakefield has been exclusively retained to market for sale, 415 Northern Boulevard, Great Neck. This 10,800 SF, two-story medical office building is situated on a 22,002 SF lot and is enhanced with 35 dedicated parking spaces.
The property is currently leased on a triple net (NNN) basis to two established medical practices. The ground floor, currently occupied by CityMD, will become available on September 1, 2025, presenting an excellent opportunity for an end-user. The second floor is home to Passes Dental Care, a respected provider of comprehensive dental services serving Great Neck and its surrounding communities for over 40 years.
Located on a peninsula between Little Neck and Manhasset bays, Great Neck is a highly desirable area known for its accessibility, top-rated school districts, and proximity to upscale retailers. 415 Northern Boulevard boasts prominent visibility with 200 feet of frontage on the bustling Northern Boulevard (25A), the main commercial thoroughfare on Long Island’s Gold Coast.
The property is currently leased on a triple net (NNN) basis to two established medical practices. The ground floor, currently occupied by CityMD, will become available on September 1, 2025, presenting an excellent opportunity for an end-user. The second floor is home to Passes Dental Care, a respected provider of comprehensive dental services serving Great Neck and its surrounding communities for over 40 years.
Located on a peninsula between Little Neck and Manhasset bays, Great Neck is a highly desirable area known for its accessibility, top-rated school districts, and proximity to upscale retailers. 415 Northern Boulevard boasts prominent visibility with 200 feet of frontage on the bustling Northern Boulevard (25A), the main commercial thoroughfare on Long Island’s Gold Coast.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
10,800 SF
Building Class
B
Year Built/Renovated
1965/2008
Price
$6,000,000
Price Per SF
$556
Cap Rate
7.99%
NOI
$479,287
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,400 SF
Slab To Slab
10’
Building FAR
0.49
Lot Size
0.51 AC
Zoning
Business - Village of Russell Gardens
Parking
35 Spaces (3.24 Spaces per 1,000 SF Leased)
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Passes Dental Care
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Passes Dental Care | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score ®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 2247-02-242-00-0209-0 | Improvements Assessment | $12,763 |
| Land Assessment | $8,824 | Total Assessment | $21,587 |
PROPERTY TAXES
Parcel Number
2247-02-242-00-0209-0
Land Assessment
$8,824
Improvements Assessment
$12,763
Total Assessment
$21,587
Contacts
-
Daniel Abbondandolo -
Joegy Raju -
Alex Klausner -
Victor Little -
Cushman & Wakefield
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415 Northern Blvd
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