Prime Office/Retail/Commercial
121 W Oak Street, Amityville, NY 11701
For Sale
Contact for pricing
Prestigious office space near shopping and LIRR.
Property Size12,775 SF
Price / SF$195.30
Days on Market201
Property Features for 121 W Oak Street
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Year Built
Listing Agency:
La Rosa Realty
Listed By:
Jatinder Singh · License #NY 10301215073
(516) 445-1300
Source:
Crexi
Added: Apr 23
Changed: Aug 8
Last Checked: Aug 8 at 7:31AM
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 La Rosa Realty
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Investment Insights
Based on property information with market context.
This prestigious office, retail, and commercial property is situated in a prime, transit-oriented location. The suite features 5 private offices, an elegant reception and waiting area, and a dedicated conference room. A separate executive office includes an attached full bathroom with a shower. Refined hardwood floors, central air conditioning, and central heating are present throughout the space. Expansive windows provide natural light. On-site parking is available. This space is suited for banks, medical practices, law firms, accounting firms, insurance offices, and other professional or executive uses. The property's size is 12775 square feet and is located near premier shopping and within walking distance to the LIRR.
Key Highlights
- Prime, transit‑oriented location near premier shopping and the LIRR.
- Includes 5 private offices, elegant reception/waiting area, and dedicated conference room.
- Separate executive office with attached full bathroom and shower.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$219,671
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,393,420
$4.4M
Cap Rate 7%
$3,138,157
$3.1M
Cap Rate 9%
$2,440,789
$2.4M
Market Conditions
NOI Build-Up for 12,775 SF
Gross rent
$357.2K $27.96/SF
− Vacancy
−$64.3K −$5.03/SF
EGI
$292.9K $22.93/SF
− OpEx
−$73.2K −$5.73/SF
NOI
$219.7K $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 Rate 5%
$4,393,420
Cap Rate 7%
$3,138,157
Cap Rate 9%
$2,440,789
Alternative Uses
Best Use
Office B
$3.14M
$2.75M – $3.66M
NOI $219,671 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.89M
$3.41M – $4.54M
NOI $272,430 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,632
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
$489,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Suffolk County, NY
Properties on Market for Office Units in Suffolk County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Prestigious office space near shopping and LIRR.
Where is this office unit located?
The property is located at 121 W Oak Street Amityville, NY.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Prime, transit‑oriented location near premier shopping and the LIRR.; Includes **5 private offices**, elegant reception/waiting area, and dedicated conference room.; Separate **executive office with attached full bathroom and shower**.
