Professional Office with Residential
For Sale
$950,000
118 Nassau Rd, Huntington, NY 11743
R-5 Zoned property suitable for professional and residential use.
Property Size2,488 SF
Lot Size0.37 Acres
Days on Market119
Property Features for 118 Nassau Rd
General Information
Standard status
Active
Size
2,488 SF
Lot size
0.37 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$18,398
Building Details
Building Size
2,488 SF
Year Built
1952
Stories
1
Units
2
Listing Agency:
Realty Connect USA
(516) 330-6000
Listed By:
Barbara Llobell
(516) 330-6000
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 20 at 7:55AM
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 Realty Connect USA
Investment Insights
Based on property information with market context.
This property, zoned R-5, has been under the same ownership since 1998 and currently operates as a doctor's office with residential components. The 0.37-acre lot, identified as 16117 ST, presents a significant opportunity for professional use combined with residential living. Potential uses include medical practices, law offices, insurance agencies, counseling services, physical therapy centers, chiropractic offices, and various other professional applications. The location has a walk score of 84, indicating it is very walkable, a bike score of 37, indicating it is somewhat bikeable, and a transit score of 27, indicating some transit options are available.
Key Highlights
- R‑5 Zoning allows for both professional and residential use.
- Suitable for various professional uses: medical, legal, insurance, therapy, etc.
- Large 0.37‑acre lot.
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
$35,782
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
3.77%
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%
$715,640
$715.6K
Cap Rate 7%
$511,171
$511.2K
Cap Rate 9%
$397,578
$397.6K
Market Conditions
NOI Build-Up for 2,488 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
$59.7K $24.00/SF
− Vacancy
−$12.0K −$4.82/SF
EGI
$47.7K $19.18/SF
− OpEx
−$11.9K −$4.79/SF
NOI
$35.8K $14.38/SF
Area
Livingston County, NY
Vacancy
20.10%
Lease Rate
$24.00 /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%
$715,640
Cap Rate 7%
$511,171
Cap Rate 9%
$397,578
Alternative Uses
Best Use
Office B
$511.2K
$447.3K – $596.4K
NOI $35,782 @ 7.0% cap · market cap 3.77%
Second Best
Healthcare Medical
$495.4K
$433.5K – $578.0K
NOI $34,681 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$681.6K
$596.4K – $795.2K
NOI $47,710 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,525
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 11743, NY
41,522
Population
16,138
Households
2.6
Avg Household Size
47
Median Age
64%
College-Educated
96%
High-School Grad
25.7 sq mi
ZIP Area
1,616
Density / Sq Mi
$173,014
Median Household Income
$75,618
Median Earnings
$2,397
Median Rent
$748,200
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?
Medical Office Space - R-5 Zoned property suitable for professional and residential use.
Where is this medical office space located?
The property is located at 118 Nassau Rd Huntington, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: R‑5 Zoning allows for both professional and residential use.; Suitable for various professional uses: medical, legal, insurance, therapy, etc.; Large 0.37‑acre lot.
