Joe Pincasoff Purchases Office Building From Yoola Park At 251 Northern Boulevard For $2.5M
251 Northern Boulevard
$2,500,000
$431/SF
Building Size
5,800 SF
Asset Type
Office
Closing
Feb 18, 2026
AI
A 5,800-square-foot office property located at 251 Northern Boulevard in Great Neck has been sold for $2,500,000. This transaction showcases the commercial demand in the area, supported by strong demographics and convenient access to major transportation routes.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,500,000
- Address: 251 Northern Boulevard
- Market: Great Neck
- Buyer: Joe Pincasoff
- Seller: Yoola Park - Two Fifty One
- Broker: Eitan Hakami - Greiner-Maltz Real Estate
- Square Footage: 5,800
- Price per Square Foot: $431
Eitan Hakami, a Great Neck resident and the sole broker in this transaction, noted a renewed interest from investors and end users in the Northern Boulevard Corridor. Over the past year, he has successfully completed four sale transactions in Long Island, including two sales in the Great Neck area along this corridor, indicating a robust market trend.
Great Neck Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93