1010 NORTHERN BLVD
Unique Stabilized Hybrid MOB/Office Opportunity in Long Island, NY
Marketing description
To sign the Confidentiality Agreement and get immediate access to the full Offering Memorandum with financials, please visit: www.1010northernblvd.com (https://www.cbredealflow.com/handler/modern.aspx?pv=mLW9EeuQDcD2-afRDaVEFb1W8-sxmK1RAIrPaGy8qxU#_top)
The CBRE U.S. Healthcare Capital Markets, in conjunction with the New York Metro Capital Markets Team, is pleased to exclusively offer the opportunity to acquire 1010 Northern Blvd (the “Property”), a four-story, 176,045 square-foot, institutional-quality hybrid MOB/office building in the Great Neck suburb of Long Island, New York.
The diverse tenancy within the building is anchored by Northwell Health, New York State’s largest healthcare provider and private employer, and Iovino Enterprises, one of New York’s premier infrastructure-focused firms. The Property is located just one mile from the 806-staffed-bed North Shore University Hospital (NSUH), serving as the flagship academic campus for Northwell Health and functioning as a major regional referral center for complex surgical, specialized, and trauma care.
At 99.3% occupancy with 39% currently occupied by medical tenants, a new owner has the opportunity to convert additional space to medical during their hold period and recognize additional yield, along with a lower residual cap rate.
The prestigious Gold Coast region is renowned for its top-tier public school systems and an exceptionally affluent demographic profile, boasting a dense population of over 140,000 residents and an average household income of $206,137 within a three-mile radius of the Property.
Strategically positioned just a three-minute drive from the Manhasset LIRR station, five minutes from I-495, and 20 minutes from LaGuardia Airport, 1010 Northern Blvd offers unparalleled connectivity for clients and commuters throughout Long Island and the outer boroughs.
To sign the Confidentiality Agreement and get immediate access to the full Offering Memorandum with financials, please visit: www.1010northernblvd.com (https://www.cbredealflow.com/handler/modern.aspx?pv=mLW9EeuQDcD2-afRDaVEFb1W8-sxmK1RAIrPaGy8qxU#_top)
Investment highlights
- Highly Amenitized, Institutionally Maintained Facility
- Opportunity to Complete MOB Conversion
- Rare Long Island Opportunity
- Excellent Healthcare Market Fundamentals
- Long Island Office Leasing Momentum
- Premier Demographics
- Strategic Location with Excellent Visibility and Access
- To sign the Confidentiality Agreement and get immediate access to the full Offering Memorandum with financials, please visit: www.1010northernblvd.com (https://www.cbredealflow.com/handler/modern.aspx?pv=mLW9EeuQDcD2-afRDaVEFb1W8-sxmK1RAIrPaGy8qxU#_top)
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