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2nd Floor - Unit 201
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Medical Office
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3,235 SF
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$1,295,000 USD
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Unit Size: 3,235 SF
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Condo Use: Medical Office
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Price: $1,295,000 USD
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Sale Type: Investment
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Price/SF: $400.31 USD
Description
Tenant: Northwell Health
Lease Term: 10/03/2022 – 09/30/2027
Base Rent: $58,230 Annually
Renewal Option: One (1) Five-Year Option
Tenant is responsible for:
• 100% of Real Estate Taxes
• Condominium Common Charges (~$1,200/month)
• All utilities (directly metered and contracted)
This structure results in a pass-through expense profile with limited landlord obligations.
Sale Notes
Cushman & Wakefield has been exclusively retained to present the opportunity to acquire a fully leased medical office condominium located at 1097 Old Country Road, Plainview, New York.
The offering consists of a ±3,235 square foot medical suite leased to Northwell Health, providing stable, credit-backed cash flow through September 30, 2027. The lease structure offers a favorable pass-through expense profile, with the tenant responsible for real estate taxes, condominium common charges, and
utilities.
Unit 201 is configured with a highly efficient, purpose-built medical layout, including multiple exam rooms, consultation offices, administrative space, and a dedicated waiting area. The property is located within a well-maintained medical condominium with strong accessibility and ample on-site parking.
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John LaRuffa
Cushman & Wakefield
