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2001 Marcus Avenue
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​Address: 2001 Marcus Avenue, Lake Success, NY
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Year Purchased: 1998
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Property Type: Suburban Office
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Property SF: 210,000 SF
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Year Sold: 2001 (March)
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Project Highlights: Upon Acquisition, 2001 Marcus Avenue was approximately 80% occupied with inactive management and substantially below market rents. Ownership completed aggressive renovation and marketing plans, and within 24 months, the property was achieving rents psf 30% higher than at acquisition, and was disposed at 95% occupancy.
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