Former GMP Pharmaceutical
For Sale
Contact for pricing
11 Ranick Dr S, Amityville, NY 11701
Former GMP pharmaceutical facility with heavy power, loading docks, and a fully AC packaging area.
Property Size42,000 SF
Price / SF$225
Days on Market109
Property Features for 11 Ranick Dr S
General Information
Standard status
Active
Size
42,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
Cushman & Wakefield | Long Island
(631) 425-1242
Listed By:
Frank Frizalone
Source:
Moodyscre
Added: Apr 13
Changed: Jul 26
Last Checked: Jul 30 at 12:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Long Island
Investment Insights
Based on property information with market context.
This former GMP pharmaceutical facility is designed for controlled production and packaging operations, with multiple containment rooms and a dedicated 10,000 SF packaging area that is fully air conditioned. The building also includes floor drains, rooftop HVAC units, and multiple mechanical and HVAC/heating systems, along with loading docks for receiving and distribution.
The property is connected to the Southwest Sewer District, supported by its process and site utilities. The Town of Babylon IDA Pilot may be available for qualified users.
On-site features include heavy power with a well-distributed electric system and rooftop HVAC equipment, plus overall facilities such as mechanical systems and a documented roof presence. The configuration appears well-suited for industrial and regulated manufacturing use requiring containment, environmental controls, and dock access.
The property is connected to the Southwest Sewer District, supported by its process and site utilities. The Town of Babylon IDA Pilot may be available for qualified users.
On-site features include heavy power with a well-distributed electric system and rooftop HVAC equipment, plus overall facilities such as mechanical systems and a documented roof presence. The configuration appears well-suited for industrial and regulated manufacturing use requiring containment, environmental controls, and dock access.
Key Highlights
- Former GMP pharmaceutical facility
- 10,000 SF packaging area with full AC
- Heavy power with well‑distributed electric and rooftop HVAC units
Financial Insights For Industrial
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 | $907.2k | $21.60 |
| − Vacancy | −$55.3k | −$1.32 |
| EGI | $851.9k | $20.28 |
| − OpEx | −$255.6k | −$6.08 |
| NOI | $596.3k | $14.20 |
42,000 SF · lease $21.60/SF/yr · vacancy 6.10% · expense 30.00%
Alternative Uses
Best Use
Industrial
$8.52M
$7.45M – $9.94M
NOI $596,303 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.80M
$11.20M – $14.93M
NOI $895,660 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,528
Businesses Nearby
Explore this area
Business Placement
Demographics for 11701, NY
27,831
Population
9,544
Households
2.9
Avg Household Size
41
Median Age
31%
College-Educated
87%
High-School Grad
4.6 sq mi
ZIP Area
6,050
Density / Sq Mi
$110,639
Median Household Income
$48,080
Median Earnings
$2,307
Median Rent
$489,000
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Former GMP pharmaceutical facility with heavy power, loading docks, and a fully AC packaging area.
Where is this manufacturing property located?
The property is located at 11 Ranick Dr S Amityville, NY.
What is the asking price?
The asking price for this property is $9,450,000.
What are key features of this property?
This property features: Former GMP pharmaceutical facility; 10,000 SF packaging area with full AC; Heavy power with well‑distributed electric and rooftop HVAC units
