661 Middle Neck Rd - Specialty FOR SALE


Great Neck, NY 11023
$5,000,000 USD
516-742-3900
661 Middle Neck Rd, Great Neck, NY for Sale
$5,000,000 USD
Specialty - FOR SALE
1/2
null | Request Cap Rate

661 Middle Neck Rd
Great Neck, NY 11023


HIGHLIGHTS

  • United States Postal Authority continued tenancy since 1960
  • North Shore Gold cost

OVERVIEW

Rare opportunity to acquire a single-tenant, single-building United States Post Office (USPS) net-lease property in the heart of Great Neck, NY. The USPS has occupied this location continuously since 1960, demonstrating over six decades of operational commitment to this site. The property consists of a 4,802 SF ground-floor building plus a 336 SF exterior ramp, situated on a 13,797 SF lot along Middle Neck Road, one of Great Neck’s primary commercial corridors. A new 5-year lease extension has been executed for the term February 1, 2026 through January 31, 2031. Annual rent is $176,000 with no rent increases during the lease term. Lease structure is Double Net (NN). Real estate taxes are 100% passed through to the tenant. Insurance is landlord responsibility ($9,935 projected for 2026). Roof and structural components are landlord responsibility; all other repairs, maintenance, and utilities are the responsibility of the tenant (USPS). 2026 Pro Forma NOI is $166,065. Asking price is $5,000,000, representing a 3.32% cap rate. This offering is ideally suited for 1031 exchange buyers, family offices, and investors seeking bond-like income, capital preservation, and long-term stability from a federal credit, essential-service tenant.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$1,056 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

United States Postal Service

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

-

APN/PARCEL ID

2209-01-088-00-0453-0

ASK ABOUT THIS PROPERTY

Lon GoldsteinGoldstein Realty Organization, Ltd.More Info
516-742-3900

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Lon GoldsteinGoldstein Realty Organization, Ltd.More Info
516-742-3900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.