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    Second-Floor Office Suite Title is generated by Realmo AI

    3-5 Audrey Ave 2, Oyster Bay, NY 11771

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    For Lease
    $750/Mo $30 SF/Yr (calc)

    Compact second-floor office suite with central HVAC and shared restroom access in the heart of Oyster Bay Village.

    Type:Commercial
    Property size:
    300 SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 2:58 am

    Property Features for 3-5 Audrey Ave 2

    General Information

    Standard status
    Active
    Size
    300 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1906

    We can help!

    Listing Contact
    Giuseppe Gregorio
    Giuseppe Gregorio

    Listing agent Giuseppe Gregorio License #10301214544

    Listing office NY SPACE FINDERS INC

    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 NY SPACE FINDERS INC

    HighLights

    • 300 SF second‑floor office suite in Oyster Bay Village at 3‑5 Audrey Avenue
    • Central HVAC and shared restroom facilities in the suite
    • Well‑maintained common areas with an appealing entryway
    • Full‑service lease with a maintenance‑free experience for tenants
    • Within walking distance to the Oyster Bay LIRR station
    • Near Route 106/107 and Northern Boulevard

    Overview

    This second-floor office suite offers approximately 300 square feet of professional space, served by central HVAC. The suite includes access to shared restroom facilities and is located within a building with a welcoming entryway and well-maintained common areas. The space is available on a full-service lease, providing a maintenance-free approach designed to keep day-to-day operations focused on the business.

    The building is positioned in the heart of Oyster Bay Village, placing it steps from local shops, dining, and services. It is within walking distance of the Oyster Bay LIRR station, offering convenient commuter access for staff and visitors. Major nearby roadways include Route 106/107 and Northern Boulevard, supporting straightforward travel to and from the area.

    This configuration is well suited for professional tenants seeking a manageable office footprint and turnkey building support through a full-service lease. With central climate control, shared restrooms, and common-area upkeep already in place, the suite can accommodate a wide range of office users looking for a conveniently located address in Oyster Bay.
    Location Intelligence

    Current Use by Public Records

    Ravisum Global Corp. Marketing & Advertising

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Oyster Bay
    County
    Nassau
    State
    New York
    Longitude
    -73.5016505
    Latitude
    40.7768927

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    FAQs

    What type of property is this?
    Office units - Compact second-floor office suite with central HVAC and shared restroom access in the heart of Oyster Bay Village.
    Where is this office units located?
    The property is located at 3-5 Audrey Ave 2 Oyster Bay, NY.
    What is the lease rate?
    The lease rate is $750 /Mo.
    What are key features of this property?
    This property features: 300 SF second‑floor office suite in Oyster Bay Village at 3‑5 Audrey Avenue; Central HVAC and shared restroom facilities in the suite; Well‑maintained common areas with an appealing entryway
    (516) 840-8029
    We can help!
    Listing Contact
    Giuseppe Gregorio
    Giuseppe Gregorio
    Real Estate License ID: 10301214544
    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.

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