Glen Cove Industrial Property

20-150 Pratt Oval Glen Cove, NY 11542

20-150 Pratt Oval , Glen Cove, NY, 11542
20-150 Pratt Oval , Glen Cove, NY, 11542 20-150 Pratt Oval , Glen Cove, NY, 11542 20-150 Pratt Oval , Glen Cove, NY, 11542 20-150 Pratt Oval , Glen Cove, NY, 11542 20-150 Pratt Oval , Glen Cove, NY, 11542
FOR SALE
Property Type:
Industrial
Amount:
$8,999,950
Cap Rate:
7.62%
Last Verified:
Oct 11, 2022

• Large Light Industrial Complex With 15 Tenants • 100% Leased With Many Tenants on Multi-Year Leases • Many Tenants Have Annual Rent Increases, CAM, & Tax Contributions • Currently Under Market Rents - Strong Income Growth Potential • Current Rents Avg. $11 PSF - 'Market' Rents Avg. $13.50 PSF • Diverse Tenant Mix of Businesses & Industries

Additional URLs

Map of 20-150 Pratt Oval , Glen Cove, NY, 11542

Presented by:
American Investment Properties

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Ron Koenigsberg


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.