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    East Northport Investment Property Title is generated by Realmo AI

    1023 Pulaski Road, East Northport, NY 11731

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    Pending
    $795,000

    SINGLE_FAMILY - East Northport, NY

    Type:Office
    Property size:
    2,688 SF
    Lot size:
    0.25 Acres
    Added:
    Jan 16, 2026
    Days on Market:
    115
    Last Refresh:
    May 11 at 8:06 pm

    Property Features for 1023 Pulaski Road

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    R5
    Rooms
    Basement
    Parking
    15
    Parking features
    Parking Lot
    Basement
    Full, Walk-Out Access, Storage Space, Partially Finished
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Pending
    APN
    0400-120-00-03-00-042-000
    Size
    2,688 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    14489

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Number of units
    3
    Building materials
    Brick

    We can help!

    Listing Contact
    Jamie C. Winkler

    Listing agent Jamie C. Winkler

    Listing office Winkler Real Estate Inc 474 Montauk Hwy, Islip, NY

    Listing date Jan 16, 2026

    MLS# 950454

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Net Operating Income (NOI) of $90,671.
    • Annual Tenant Income of $101,023.
    • Three existing tenants with lease options extending to 2038.
    • ADA compliant with rear exterior ramp.
    • 15 parking spaces.
    • 2,688 square foot commercial building with a full, partially finished basement.

    Overview

    This 2,688 square foot commercial building, featuring a full partially finished basement, is offered as an investment property. The building is ADA compliant, equipped with a rear exterior ramp, one gas hot air boiler, and four separate electric meters. It also includes two CAC compressors and 15 parking spaces. There are currently three tenants with lease options extending to 2038. Tenants are responsible for their individual suite's electric usage. The landlord's annual expenses include landscaping ($2,400), insurance ($4,815), common area cleaning ($1,200), and 10.5% of property taxes, common area PSEG-gas & hot water (1 boiler), snow removal, water, cesspool pumping & maintenance, annual fire inspection fee, RPZ backflow inspection fee, parking lot sealing & striping maintenance, and 60% of garbage dumpster. The annual tenant income is $101,023, while the landlord's annual expenses are $10,352, resulting in a net operating income (NOI) of $90,671. Tenant #1, a dentist, occupies 935 square feet. Tenant #2, Long Island Stuttering & Speech Pathology Center, occupies 935 square feet. Tenant #3 is a social worker occupying 364 square feet. There is a common hallway with 452 square feet. The property is located on the northwest corner of Pulaski Road and Irving Johnson Street in East Northport. The rectangular parcel measures 0.25 acres with 108+ feet of frontage on Pulaski Road and 127+ feet of frontage on Irving Johnson Street. The building has individual electric meters and HVAC systems for each tenant, plus one gas meter for hot air heat.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Russo Fred Foster Care Service Susan M. Newton, ... Physician Ms. Lillian Agresta-Diaz Physician Freedman Mark H ... Dental Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Northport
    County
    Suffolk
    State
    New York
    Longitude
    -73.322405
    Latitude
    40.877609

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Office building - Commercial building with three tenants and lease options.
    Where is this office building located?
    The property is located at 1023 Pulaski Road East Northport, NY.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: Net Operating Income (NOI) of $90,671.; Annual Tenant Income of $101,023.; Three existing tenants with lease options extending to 2038.
    (631) 650-0900
    We can help!
    Listing Contact
    Jamie C. Winkler
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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