Suffolk County Commercial Investment
1502 Main Street Port Jefferson, NY 11777
1502 Main Street, Port Jefferson, NY, 11777
$810,000
For Sale
$810,000
COMMERCIAL - Suffolk County, NY
Property Size2,000 SF
Lot Size0.14 Acres
Price / SF$405
Days on Market227
Property Features for 1502 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C2
- Standard status
- Active
- Size
- 2,000 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 12952
Building Details
- Number of units
- 1
- Roof type
- Flat
Listing Agency
Tiger Realty
(917) 708-9966
1484 86th Street, Brooklyn, NY
Listed by
Yuyi Cheng
(917) 708-9966
Added: Dec 1, 2025 Checked: Jul 16 at 9:06 pm
MLS# 497610
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Suffolk County, this commercial property at 1502 Main Street, Port Jefferson, presents a potential investment opportunity. The property is currently occupied by a dry-cleaning tenant with three years remaining on their lease. The tenant's monthly rent is $4,456, with a 3% yearly increase. The tenant is responsible for property taxes of $10,131.76, Village Tax of $1,410.32, and all utilities. The seller covers the building insurance, which amounts to $3,650 annually. The property generates a net income of $53,472 per year, equating to a 6% cap rate. The property includes a private driveway with five private parking spots for customer use. The lot size is 0.14 acres. The building size is 2000 square feet. The zoning is C2.
Key Highlights
- Existing tenant provides stable income of $4,456 monthly with 3% yearly increase and three years remaining on the lease.
- Tenant pays property tax ($10,131.76) and Village Tax ($1,410.32) plus all utilities.
- Generates a 6% plus capitalization rate, netting $53,472 yearly.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.0k | $30.00 |
| − Vacancy | −$4.1k | −$2.07 |
| EGI | $55.9k | $27.93 |
| − OpEx | −$16.8k | −$8.38 |
| NOI | $39.1k | $19.55 |
2,000 SF · lease $30.00/SF/yr · vacancy 6.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$558.6K
$488.8K – $651.7K
NOI $39,102 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$609.3K
$533.1K – $710.8K
NOI $42,650 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
New Best Cleaners
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Malkmes Florists & Ghses. — 70 Oakland Ave, Port Jefferson Station, NY 11776
- Slate Floral & Event Studio — 158 E Main St #2, Port Jefferson, NY 11777
FAQs
What type of property is this?
Storefront property - Commercial property for sale in Suffolk County with existing tenant.
Where is this storefront property located?
The property is located at 1502 Main Street Port Jefferson, NY.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: Existing tenant provides stable income of $4,456 monthly with 3% yearly increase and three years remaining on the lease.; Tenant pays property tax ($10,131.76) and Village Tax ($1,410.32) plus all utilities.; Generates a 6% plus capitalization rate, netting $53,472 yearly.
