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For Sale

University Plaza Medical Condominiums- Office/Medical

877 Stewart Avenue,
Garden City, NY 11530

Asset Snapshot

1988
Year Built

Offering Summary

Investment Overview

Executive Investment Portfolio Summary: Units 15, 16, & 17 877 Stewart Avenue, Garden City, NY 11530 Introducing a rare and highly lucrative commercial real estate acquisition opportunity in the premier medical hub of Garden City, NY. Located at the prestigious 877 Stewart Avenue, this offering features an exceptional portfolio of three prime medical office condominiums (Units 15, 16, and 17), originally constructed in 1988. Together, these units present a diverse, high-yielding, and secure investment opportunity with both long-term tenant stability and immediate value-add potential: Unit 15 (Approx. 1,250 Sq. Ft.): Fully leased to Northwell Health Laboratory Testing (the largest healthcare provider in New York State) with 5 more years remaining on the lease, providing a rock-solid, institutional-grade passive income stream. Unit 16 (Approx. 2,500 Sq. Ft.): Fully leased for 8 more years to an established General Practice Internal Medicine medical office, ensuring exceptionally strong, long-term rental income. Unit 17 (Approx. 2,500 Sq. Ft.): Currently leased to a Physical Therapy practice for about 2 years, while also offering the unique flexibility of being potentially available for immediate occupancy—perfect for an owner-user or an investor looking to capture


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