Brightwaters Medical
& Professional Center
400 Potter Boulevard, Brightwaters, NY
Fully-Leased Medical Building
Asking Price: $4,699,000
New to Market
PROPERTY HIGHLIGHTS
PROPERTY DESCRIPTION
Location
East side of Potter Boulevard
between Hiawatha Drive and
Orinoco Drive
Section / Block / Lot
5.00 / 2.00 / 49.00
Building Class
Professional – 465
Building Sq. Ft.
13,000 (Approximately)
Lot Sq. Ft.
40,510 (Approximately)
Acres
.93 (Approximately)
Year Built
2006
Parking Spaces
48 + Non Metered Street Parking
Number of Tenants
(4) – Four
Connection
SW Sewer District
Annual R.E. Taxes
$82,302.00
Cushman & Wakefield has been retained on an
exclusive basis to arrange for the sale of The
Brightwaters Medical & Professional Center, a 13,000
SF single story professional building located in the
highly affluent area of Brightwaters, Long Island and
conveniently located less than 1 mile from the Bay
Shore Long Island Rail Road Train Station.
Constructed in 2006, the building is situated on a
40,000 SF lot offering a 48 space parking lot in the
rear of the property. The asset is centrally located
between Good Samaritan hospital and Northwell
Health, formerly North Shore LIJ hospital which has
drawn medical affiliated tenants since the property
was developed in 2006. The Medical Center offers
four (4) individually metered tenants with strong
leases, posing a stable investment with future upside.
To schedule a formal walk through, please contact
the exclusive brokers directly.
Exclusive Brokers, please reach out directly.
Daniel A. Abbondandolo
Director
718 512 2606
Nicholas Gallipoli
Director
631 425 1201
Kevin Schmitz
Associate
718 512 2628
Thomas DeLuca
Associate
631 425 1237
Brightwaters Medical & Professional Center
400 Potter Boulevard, Brightwaters NY
Fully-Leased Medical Office Building
Asking Price: $4,699,000
New to Market
FINANCIAL SUMMARY
RENT ROLL – IN PLACE
Tenant
Use
Sq. Ft.
P.S.F.
Expiration
Monthly
Annual
Madonna Perinatal Service
Medical
4,166
$32.00
8/2018
$11,214
$134,568
NorthWell Health System
Southside Hospital
Medical
4,226
$33.00
9/2018 (2) Five
Yr. Options
$11,929
$143,148
MSO of South Shore
Medical
2,100
$22.00
10/2019
$3,916
$46,992
The Hilb Group
Professional
2,100
$26.00
12/2018
$4,686
$56,232
Real Estate Taxes & Insurance
$1,554
$18,648
$33,299
$399,588
Tenant Reimbursements
Totals
EXPENSES
Real Estate Taxes
$82,302
Insurance
Per Ownership
$7,000
Water/Sewer
Per Ownership
$2,250
Utilities (Common Area)
Per Ownership
$2,300
Repairs & Maintenance
Per Ownership
$8,500
Property Management
3% of EGI
$11,000
Totals
$113,352
FINANCIAL SUMMARY
Gross Annual Income
$399,588
Expenses
$113,352
$286,236
Net Operating Income
Exclusive Brokers, please reach out directly.
Daniel A. Abbondandolo
Director
718 512 2606
Nicholas Gallipoli
Director
631 425 1201
Kevin Schmitz
Associate
718 512 2628
Thomas DeLuca
Associate
631 425 1237
Brightwaters Medical & Professional Center
400 Potter Boulevard, Brightwaters NY
Fully-Leased Medical Office Building
FOR SALE
Asking
Price: $4,699,000
New to Market
Exclusive Brokers, please reach out directly.
Daniel A. Abbondandolo
Director
718 512 2606
Nicholas Gallipoli
Director
631 425 1201
Kevin Schmitz
Associate
718 512 2628
Thomas DeLuca
Associate
631 425 1237