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    Medical and Professional Office Suite Title is generated by Realmo AI

    121 W Oak St, Amityville, NY 11701

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    New
    For Sale
    $2,495,000

    Well-appointed suite with private offices, reception, conference room, and an executive office with private bathroom.

    Type:Commercial
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 4:29 am

    Property Features for 121 W Oak St

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Jatinder P. Singh
    Jatinder P. Singh

    Listing agent Jatinder P. Singh

    Listing office LA Rosa Realty New York LLC

    Listing date Jun 3, 2026

    Source Elliman

    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 New York LLC

    HighLights

    • Office suite in a 1950‑built commercial property with 5 private offices, reception/waiting area, and a dedicated conference room
    • Includes a separate executive office with an attached full bathroom with shower
    • Refined hardwood floors and expansive windows for a bright, naturally lit interior
    • Central air conditioning and central heating
    • Walkable to LIRR and includes on‑site parking for clients and staff
    • Transit accessibility noted: walkScore 49 and transitScore 30 (some transit)

    Overview

    This for-sale office suite is designed for professional and client-facing use, with five private offices plus an elegant reception and waiting area. The layout includes a dedicated conference room for meetings and a separate executive office with an attached full bathroom with a shower. Interior finishes feature refined hardwood floors, complemented by expansive windows that provide natural light throughout the day.

    The property is positioned near premier shopping and within walking distance to the LIRR, supporting convenient access for staff and clients. Public transit is available, and the provided walk, bike, and transit scores indicate a location that is more car-dependent than bike-friendly, while still connected to transit.

    The configuration makes the space practical for a range of professional users, including medical practices, law firms, accounting firms, insurance offices, and banks, as well as other executive-oriented businesses that want a polished environment for client meetings. Central air conditioning and central heating help maintain comfort for year-round operations, and generous on-site parking supports straightforward arrival for visitors and employees.
    Location Intelligence

    Current Use by Public Records

    Club 121 Restaurant Strategic Insurance Consultants, ... Insurance Agency Bruce A Payne Associates Insurance Agency Ultimate Abstract Services ... Title Company TechWaste East Inc. Recycling Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Amityville
    County
    Suffolk
    State
    New York
    Longitude
    -73.422358
    Latitude
    40.679064

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    FAQs

    What type of property is this?
    Office units - Well-appointed suite with private offices, reception, conference room, and an executive office with private bathroom.
    Where is this office units located?
    The property is located at 121 W Oak St 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: Office suite in a 1950‑built commercial property with 5 private offices, reception/waiting area, and a dedicated conference room; Includes a separate executive office with an attached full bathroom with shower; Refined hardwood floors and expansive windows for a bright, naturally lit interior
    (516) 445-1300
    We can help!
    Listing Contact
    Jatinder P. Singh
    Jatinder P. Singh
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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