72 School St
Glen Cove, NY 11542

72 School Street is a detached 3-story mixed-use building with two ground floor retail spaces, two second floor office spaces and two apartments (one 1-bedroom/1-bathroom unit and one 2-bedroom/1-bathroom duplex). The property also has a barn in the back with three separately metered garages and second-floor storage space. The building is currently fully occupied with 5 tenants on month-to-month leases. Gold Coast Deli signed a new 5-year lease in November 2020. All of the tenants have been in the building for several years. One-year leases or estoppels can be delivered with 1-year leases at purchaser's request. All units are separately metered for gas heat and electric, and tenants are responsible for paying their own gas and electric directly. The ground floor retail tenants are also on separate water meters and responsible for snow removal and trash removal. The landlord is responsible for common area electric and the water/sewer charges for the office and apartment spaces. The property is located on the east side of School Street between North Lane and Highland Road in the City of Glen Cove and is on the public sewer system. The Glen Street Long Island Rail Road station is located one mile from the property. The property is located less than 1,000 feet from the new Village Square mixed-use development, which consists of 146 luxury apartments, retail and restaurant space. The property is approximately one mile from the new Garvies Point mixed-use development, which consists of 569 condominiums, 541 rental apartments and restaurants.