Office Building in Glen Cove

37 Glen St Glen Cove, NY 11542

37 Glen St , Glen Cove, NY, 11542
37 Glen St , Glen Cove, NY, 11542 37 Glen St , Glen Cove, NY, 11542 37 Glen St , Glen Cove, NY, 11542 37 Glen St , Glen Cove, NY, 11542
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$3,050,000
Cap Rate:
6.81%
Last Verified:
Nov 29, 2022

• 10-Unit Office Building - 75% Leased • Tenants are Separately Metered for Gas and Electric • 7 On-site Parking Spaces Behind Building • Located Near National Credit Retail Tenants such as Panera, Starbucks, Dunkin' Donuts, Citi Bank, etc. • Close to Train Stations & Buses & Two Public Parking Lots • Majority of Tenants Are Month-Month - Great Value-Add Opportunities • Tenants Contribute Toward Real Estate Taxes • In The Heart of Downtown Glen Cove in The Midst of Strong Revitalization • 1 Mile From The Revitalized Garvies Point & The Beacon at Garvies Point • Located in an Opportunity Zone

Additional URLs

Map of 37 Glen St , Glen Cove, NY, 11542

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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.