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Glen Cove, NY _Offering Memorandum

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PROPERTY OVERVIEW<br />

50 <strong>Glen</strong> St, <strong>Glen</strong> <strong>Cove</strong>, <strong>NY</strong><br />

EXECUTIVE SUMMARY<br />

50 <strong>Glen</strong> Clove Road is a 3 story mixed use building consisting of 32,860 Rentable SF. The ground floor<br />

has one retail unit and floors 2 and 3 contain various office tenants. Located in <strong>Glen</strong> <strong>Cove</strong> on Long<br />

Island, this property is close to major highways as well as the LIRR. In addition, one block over is the<br />

Avalon at <strong>Glen</strong> <strong>Cove</strong> which has 111 luxurious apartments.<br />

PROPERTY FEATURES<br />

A (3) story mixed use building consisting of a total of 32,860 Rentable SF<br />

CITY<br />

<strong>Glen</strong> <strong>Cove</strong><br />

SECTION, BLOCK & LOT 21-2-13|<br />

LOT SIZE<br />

10,890 SF<br />

RETAIL SF<br />

3,420 SF<br />

OFFICE SF<br />

28,760 SF<br />

STORIES 3<br />

ACREAGE 0.252<br />

ZONING<br />

Central Commercial District (B-l)<br />

FAR 2.61<br />

R.E. TAXES $108,617<br />

Parcel Map<br />

Asking Price: $6,850,000 | 9% Cap Rate<br />

8 | 50 <strong>Glen</strong> St. <strong>Glen</strong> <strong>Cove</strong>, <strong>NY</strong><br />

50 <strong>Glen</strong> St. <strong>Glen</strong> <strong>Cove</strong>, <strong>NY</strong> | 9

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