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107 Northern Blvd 36,488 SF Office Building Great Neck, NY 11021 $14,495,000 ($397.25/SF) 5.75% Cap Rate



Investment Highlights
- 36,488 SF Medical/Professional Office
- Major capex completed including new roof (2025), elevator (2016), parking decks (2014), and updated HVAC systems
- 160+ Private Parking Spaces (3 Level Garage)
- Located on Northern Boulevard, one of Nassau County's most supply-constrained and prestigious commercial corridors
Executive Summary
North Village Realty is pleased to exclusively represent 107 Northern Blvd, a 36,488 square foot professional and medical office building in the heart of Great Neck. The property features 160+ private parking spaces across a three-level parking garage with access on both sides of the building, a true rarity along this stretch of Northern Boulevard. Recent capital improvements include a new roof installed in 2025, a new elevator in 2016, new parking decks in 2014, and updated HVAC systems within the last three to four years. The asset is well positioned for an owner-user looking to expand along Northern Boulevard or for investors seeking deployment in one of Nassau County's most supply-constrained and prestigious commercial corridors. Contact the exclusive broker Tom Bigansky at 516-343-6964 for more information or a private showing.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
36,488 SF
Building Class
B
Year Built
1971
Price
$14,495,000
Price Per SF
$397.25
Cap Rate
5.75%
NOI
$833,841
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
12,163 SF
Slab To Slab
10’
Building FAR
1.31
Lot Size
0.64 AC
Zoning
C-12
Parking
160 Spaces (4.39 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Property Manager on Site
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 2289-02-050-00-0265-0 | Improvements Assessment | $38,372 |
| Land Assessment | $9,646 | Total Assessment | $48,018 |
Property Taxes
Parcel Number
2289-02-050-00-0265-0
Land Assessment
$9,646
Improvements Assessment
$38,372
Total Assessment
$48,018
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107 Northern Blvd
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