620 Waverly Ave, Patchogue, NY
14,300 SF retail building in excellent condition for sale.
- Added:
- Oct 30, 2023
- Days on Market:
- 972
- Last Refresh:
- May 20 at 8:03 pm
Property Features for 620 Waverly Ave
General Information
- Standard status
- Active
- Size
- 14,300 SF
- Lot size
- 1.44 Acres
- Property subtype
- RETAIL
Listing office New York Commercial Real Estate (631) 656-0360
Listing date Oct 30, 2023
Source Moodyscre
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 New York Commercial Real Estate
HighLights
- High Net Operating Income (NOI): $205,581
- Excellent Condition
- Large Building Size: 14,300 SF
- Significant Lot Size: 1.44 Acres
- Favorable Zoning: J2
- Gas Heat/HVAC
Overview
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 | $429.0k | $30.00 |
| − Vacancy | −$29.6k | −$2.07 |
| EGI | $399.4k | $27.93 |
| − OpEx | −$119.8k | −$8.38 |
| NOI | $279.6k | $19.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Patchogue
- County
- Suffolk
- State
- New York
- Longitude
- -73.0411
- Latitude
- 40.7847
