Great Neck Plaza, NY Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Great Neck Plaza, New York Market population: 7K. Explore income-producing properties with verified cap...

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📊 Average Cap Rate For Great Neck Plaza NY Properties: 6.86%

⭐ Featured

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

$6,500,000

Buffalo Multifamily

Discover a compelling investment in Buffaloâ€™s vibrant market with this 65,000-square-foot garden-style apartment prope...

Cap Rate 7.56%

NOI $491,400

Size 65,000 SF

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📊 Avg Property Tax Rate For Great Neck Plaza NY Properties: 1.5800%

⭐ Featured

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

$1,750,000

Buffalo Multifamily

Discover a compelling multifamily investment opportunity in Buffalo, NY. This 12-unit apartment building, priced at $1,7...

Cap Rate 6.16%

NOI $107,842

Size 8,640 SF

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Investor Questions For Great Neck Plaza NY

Common questions from investors exploring commercial real estate in Great Neck Plaza NY.

What is the overall investment potential of Great Neck Plaza, NY? +

The combination of a relatively low poverty rate of 6.8% and high health insurance coverage of 96.2% suggests a stable market with access to employment opportunities, making it an attractive location for real estate investment, particularly with top industries like Information and Public Administration driving the local economy.

How does the demographic diversity of Great Neck Plaza impact rental demand? +

The ethnic diversity, with 40% White, 37.5% White Non-Hispanic, and 9.8% Asian populations, contributes to a vibrant community, and when combined with a median household income of $59,424 and an employed population of 3,021, it indicates a strong demand for rentals, especially considering the average commute time of 33.7 minutes and reliance on public transit.

What are the key factors influencing property values in Great Neck Plaza? +

The median property value of $352,200, coupled with a median property tax of $1,654 and a homeownership rate of 55.1%, suggests a balanced housing market, and when considering the GINI coefficient of 0.515, it indicates a level of income inequality that could impact property values, but the overall economic stability and low poverty rate contribute to a favorable investment environment.

How does the commute and transportation infrastructure affect the quality of life for residents and investors? +

The average commute time of 33.7 minutes, with a mix of drive alone, public transit, and work from home options, indicates a relatively convenient and flexible transportation infrastructure, which, combined with the high health insurance coverage rate of 96.2%, suggests a high quality of life for residents and a stable market for investors, particularly those interested in the top industries of Information and Finance.

What role does the local economy play in the attractiveness of Great Neck Plaza as an investment destination? +

The top industries, including Information, Public Administration, and Finance & Insurance, contribute to a diverse and stable local economy, and when combined with a median household income of $59,424 and an employed population of 3,021, it suggests a strong potential for rental income and property appreciation, making Great Neck Plaza an attractive location for real estate investment, especially considering the relatively low poverty rate of 6.8% and high health insurance coverage rate of 96.2%.

Great Neck Plaza NY Real Estate & City Facts

Key facts and real estate information about Great Neck Plaza NY.

What are some of the best neighborhoods to live in Great Neck Plaza? +

Some of the best neighborhoods to live in Great Neck Plaza include University Gardens, Russell Gardens, and the area around the Great Neck Plaza village. These neighborhoods offer a serene suburban atmosphere, historic charm, and modern convenience. For example, the Westminster Hall Apartments in the University Gardens-Russell Gardens neighborhood provide a blend of historic charm and modern convenience in the bustling center of Great Neck Plaza.

What are some fun things to do in Great Neck Plaza? +

There are plenty of fun things to do in Great Neck Plaza, including visiting the New York Botanical Garden, taking a historic walking tour of the village, and exploring the local theaters. You can also take a tour of the nearby Old Westbury Gardens or catch a New York Yankees baseball game. Additionally, the area has several restaurants and shops to explore, such as the ones on Bond Street.

What is the food scene like in Great Neck Plaza? +

The food scene in Great Neck Plaza is diverse and offers a range of options, including sushi at Dagim Fish & Sushi Restaurant, Mediterranean cuisine at Paprika Mediterranean Restaurant, and kosher deli food at Kensington Kosher Deli. There are also plenty of great food trucks and restaurants in the area, such as Mr. Wish, Mr KEKE Ramen, and Nohara Ramen. You can also find seafood at Sea Bar- Great Neck or Mediterranean cuisine at Rothchilds Kitchen.

What are the pros and cons of living in Great Neck Plaza? +

The pros of living in Great Neck Plaza include its serene suburban atmosphere, historic charm, and modern convenience. The area also has a range of amenities, including restaurants, shops, and theaters. However, some cons include the high cost of living, with median house prices over $1 million, and the need for a new supermarket in the area. Additionally, the area can be quite crowded and parking can be a challenge.

Is Great Neck Plaza a good place to live? +

Overall, Great Neck Plaza is a good place to live, offering a unique blend of historic charm and modern convenience. The area has a range of amenities, including restaurants, shops, and theaters, and is close to nearby attractions such as the Old Westbury Gardens and the New York Botanical Garden. However, the high cost of living and crowded streets may be a drawback for some. Ultimately, whether Great Neck Plaza is a good place to live depends on your individual preferences and priorities.

Great Neck Plaza, NY Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

📊 Average Cap Rate For Great Neck Plaza NY Properties: 6.86%

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

📊 Avg Property Tax Rate For Great Neck Plaza NY Properties: 1.5800%

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

Investor Questions For Great Neck Plaza NY

Great Neck Plaza NY Real Estate & City Facts

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