214 Wall St - Medical FOR SALE


Huntington, NY 11743
$8,100,000 USD
212-499-7700
214 Wall St, Huntington, NY for Sale
$8,100,000 USD
Medical - FOR SALE
1/17
null | 6.8% Cap Rate

214 Wall St
Huntington, NY 11743


OVERVIEW

Lee & Associates NYC is pleased to present for exclusive sale a multi-tenant medical office property located in Long Island, New York (the “Property”). The Property offers investors a rare opportunity to acquire a superior quality medical asset anchored by RadNet, a 36 year old publicly traded company. The Property is anchored by Mid Rockland Imaging Partners, with the balance leased to another medical professional. Mid Rockland Imaging Partners is a subsidiary of RadNet (Nasdaq: RDNT), a leading national radiology provider with 332 imaging centers across the United States. Founded in 1984, RadNet is the largest national provider of medical imaging and radiology services in the country and has more than $1.1 billion in annual revenue. Nassau and Suffolk Counties are large suburban counties, occupying the eastern portion of Long Island in New York. A combined 2.8 million people live in Nassau and Suffolk Counties, where the largest employer has been Northwell Health for almost a decade. Healthcare is the largest employment sector in both Nassau and Suffolk Counties, and other major healthcare employers include Catholic Health Services and Winthrop University Hospital. The median income for 2019 in Nassau County was $118,435 and in Suffolk County was $106,228.

FOR SALE DETAILS

PRICE

$8,100,000 USD

PRICE/SF

$416 USD /SF

CAP RATE

6.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

R5

APN/PARCEL ID

0400-071-00-02-00-069-003

ASK ABOUT THIS PROPERTY

Ben TapperLee & AssociatesMore Info
212-499-7700

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Ben TapperLee & AssociatesMore Info
212-499-7700

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