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Central Park Plaza in Plainview, NY

$6,499,000

700 Old Country Road, Plainview, NY 11803

Active
Last Updated: 02/19/2025

7.22

Cap Rate

469,043

NOI

Details:
Cap Rate:    7.22%
NOI:    $469,043
Pro Forma Cap Rate :    10.92%
Building Size:    32,898 sqft
Lot Area:    81,022 sqft
Occupancy:    80%
Class:    B
Lease Type:    Modified Gross
Year Built:    1960
Price Per Sqft:    $197.55
Tenancy:    Multiple
Floors:    1
Parking Spots:    120
Gross Leaseable Area:    32,898
Investment Strategy:    Opportunistic
Highlights:
  • For Sale: Central Park Plaza in Plainview, NY
  • Office Building with Several Tenants - 3 Vacancies Available to Lease-Up; Rent Roll is Current & Up-to-Date
  • Ample On-Site Parking with 120 Spaces
  • Close Proximity to the Seaford-Oyster Bay Expy, the Northern State Pkwy, and the Long Island Expy
  • Roof is about 10 Years Old, in Great Condition, and is High Quality
Description:

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.

Map:
Documents:
Title
Plainview__700_Old_Country_Rd__Offering_Memorandum_.pdf
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