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Bilt Commercial

CoWorking Anchored Office Building

Price
$9,889,840
Cap Rate
5.0%
Occupancy
100%
GLA
22,500 SF
Lot Size
0.23 AC
Year Built
1973

Investment Highlights

  • VALUE-ADD – Below market rents providing a huge value add opportunity. Current rents are roughly 20% below market with short term leases remaining.
  • LOCATION – Located in the heart of the Village of Great Neck. Walking distance to the Long Island Rail Road, banks, restaurants, courier delivery services, pharmacies, gyms, and shops.
  • STABLE TENANCY – 67% of building leased to a superior and exceptional coworking company. The company has historically operated near 100% occupancy.
  • SIGNIFICANT DEVELOPMENTS – The Village of Great Neck is continuing to undergo major residential developments due to the heavy demand and lack of supply of apartments.
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