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Kolson Korenge Inc. 653-655 Middle Neck Rd

9,010 SF Retail Building Great Neck, NY 11023 $2,900,000 ($322/SF)

Investment Highlights

  • High Traffic Area
  • Easy Access to Public Transportation

Executive Summary

Do not disturb the employees. Sold together with business. Business Price $450,000, Property Price $2,900,000. Both Property and Business Total: 3,350,000. Property Taxes: $60,000. All showings proof of funds required email to john@johnkimteam.com. Request for business financials, both brokers and buyers will need to sign NDA.
About Kolson Fine Decorative Kitchen and Bath Fittings
Work hard for what you envision, and you will succeed. Kolson's founder, John Landy, transformed this American notion into the Kolson brand. Born in 1927, John is the prototypical success story of America's "Greatest Generation." A veteran of both World War II and the Korean War, he eventually went to Baruch College on the GI Bill. While there, he not only earned his degree in retailing, but he also met the love of his life, Ruth. In 1960, John and his father Louis bought Kolson Hardware, a general hardware store located on Cuttermill Road in Great Neck, NY. In 1970, the store moved to its current home at 653 Middle Neck Road in Great Neck. At the time, the site had a lumberyard in the back, and a top floor occupied with apartments. The general hardware business was steady, but John had a vision of something different, something more. Homeowners were becoming more sophisticated in their tastes, and John saw an increasing desire for the kind of high-end plumbing fixtures and decorative hardware that couldn't be found in a typical hardware store. He and his wife, Ruth, began to comb trade shows in America as well as Germany, England, Spain, Italy, and France. John established new relationships with the top American and European manufacturers John's father passed away in 1975, just as the new Kolson business model was emerging. As the business continued to grow, the lumberyard was closed and converted to storage space for Kolson's expanding inventory. In 1980, the second floor became available and was reinvented as a kitchen and bath showroom. This showroom displayed Kolson's expansive selection of faucets, sinks, toilets, mirrors, medicine cabinets, and bathroom accessories from the most innovative American and European manufacturers. Increasingly, professional designers and architects flocked to Kolson, knowing they would find exactly the unique fixture or hardware they needed. In 1985, the family tradition continued when John's daughter, Dale, joined the company. Five years later, she transformed both the first and second floors into the luxurious, eye-popping showrooms they are today. Kolson is committed to providing the best products and the best service to both loyal and new customers throughout the Tri-State area.

Taxes & Operating Expenses (Actual - 2024)

Annual Annual Per SF
Taxes $60,000 $6.66
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024)

Taxes
Annual $60,000
Annual Per SF $6.66
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $60,000
Annual Per SF $6.66

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,010 SF
Building Class
C
Year Built
1900
Price
$2,900,000
Price Per SF
$322
Tenancy
Single
Building Height
2 Stories
Building FAR
1.48
Land Acres
0.14 AC
Zoning
BUSA - Business A - Retail with 7 parking spots on the south side of the building
Parking
8 Spaces (0.89 Spaces per 1,000 SF Leased)
Frontage
45 FT on Middle Neck Rd

Amenities

  • Mezzanine
  • Signage
  • Accent Lighting
  • Air Conditioning
  • Balcony
Walk Score ®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2209-01-088-00-0454-0
Land Assessment
$1,803
Improvements Assessment
$9,136
Total Assessment
$10,939
Annual Taxes
$60,000 ($6.66/SF)
Tax Year
2024
  • Listing ID: 32199689

  • Date on Market: 6/20/2024

  • Last Updated:

  • Address: 653-655 Middle Neck Rd, Great Neck, NY 11023

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