Downtown Office Suite with
For Sale
$749,999
11 S Park Avenue, Bayshore, NY 11706
Own a one-level commercial office space with high ceilings and a private driveway, plus nearby municipal parking across the street.
Property Size2,750 SF
Price / SF$272.73
Days on Market98
Property Features for 11 S Park Avenue
General Information
Standard status
Active
Size
2,750 SF
Total Parking Spaces
1
Property subtype
Commercial
Zoning
BUS1
Taxes and HOA fees
Annual Taxes
$12,292
Building Details
Building Size
2,750 SF
Buildings
1
Stories
1
Listing Agency:
Goldilocks Real Estate
(516) 680-8173
Listed By:
Holly Gottlieb ABR SRES
(516) 680-8173
Source:
Cohenandcohenrealty
Added: May 18
Changed: Aug 23
Last Checked: Aug 22 at 10:00AM
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 Goldilocks Real Estate
Investment Insights
Based on property information with market context.
This offering presents approximately 2,750 sq. ft. of commercial office space available for purchase. The space is one-level and features high ceilings and a functional floor plan. The property is being sold AS IS.
A private driveway provides convenient access, and additional municipal parking is located directly across the street for staff and visitors. The location is described as being in the heart of Downtown Bay Shore, close to shops, restaurants, transportation, and major roadways. WalkScore is listed as 74 (Very Walkable) and bikeScore as 43 (Somewhat Bikeable).
A private driveway provides convenient access, and additional municipal parking is located directly across the street for staff and visitors. The location is described as being in the heart of Downtown Bay Shore, close to shops, restaurants, transportation, and major roadways. WalkScore is listed as 74 (Very Walkable) and bikeScore as 43 (Somewhat Bikeable).
Key Highlights
- Approximately 2,750 SF one‑level commercial office space available in Downtown Bay Shore
- High ceilings and a functional one‑level floor plan
- Private driveway provides convenient access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,287
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$945,740
$945.7K
Cap Rate 7%
$675,529
$675.5K
Cap Rate 9%
$525,411
$525.4K
Market Conditions
NOI Build-Up for 2,750 SF
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.
Gross rent
$76.9K $27.96/SF
− Vacancy
−$13.8K −$5.03/SF
EGI
$63.0K $22.93/SF
− OpEx
−$15.8K −$5.73/SF
NOI
$47.3K $17.20/SF
Area
Suffolk County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$945,740
Cap Rate 7%
$675,529
Cap Rate 9%
$525,411
Alternative Uses
Best Use
Office B
$675.5K
$591.1K – $788.1K
NOI $47,287 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$837.8K
$733.1K – $977.4K
NOI $58,644 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,848
Businesses Nearby
Explore this area
Business Placement
Demographics for 11706, NY
66,263
Population
21,435
Households
3.1
Avg Household Size
37
Median Age
26%
College-Educated
82%
High-School Grad
16.9 sq mi
ZIP Area
3,921
Density / Sq Mi
$115,112
Median Household Income
$44,917
Median Earnings
$1,885
Median Rent
$464,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Own a one-level commercial office space with high ceilings and a private driveway, plus nearby municipal parking across the street.
Where is this office units located?
The property is located at 11 S Park Avenue Bayshore, NY.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Approximately 2,750 SF one‑level commercial office space available in Downtown Bay Shore; High ceilings and a functional one‑level floor plan; Private driveway provides convenient access
