Prime Office/Retail/Commercial
For Sale
Contact for pricing
121 W Oak Street, Amityville, NY 11701
Prestigious office space near shopping and LIRR.
Property Size12,775 SF
Price / SF$195.30
Days on Market108
Property Features for 121 W Oak Street
General Information
Standard status
Active
Size
12,775 SF
Property subtype
Retail, Office, Hospitality
Zoning
B2
Building Details
Year Built
1950
Listing Agency:
La Rosa Realty
(516) 445-1300
Listed By:
Jatinder Singh · License #NY 10301215073
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
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 = 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
$219,671
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
8.80%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 - Prestigious office space near shopping and LIRR.
Where is this office units 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**.
