Multi-Tenant Office
For Sale
$800,000
128 Carleton Avenue, East Islip, NY 11730
Seven private offices, a conference room and shared amenities support its fully occupied configuration.
Property Size2,904 SF
Price / SF$275.48
Days on Market237
Property Features for 128 Carleton Avenue
General Information
Standard status
Active
Size
2,904 SF
Property subtype
Commercial
Zoning
GMT
Occupancy
100%
Additional Details
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$18,271
Building Details
Building Size
2,904 SF
Year Renovated
2020
Buildings
1
Stories
2
Units
8
Tenancy
Multi
Listing Agency:
Jones Hollow Realty Group Inc
(631) 650-3977
Listed By:
Brad Wilson AHWD SFR
(646) 670-8800
Source:
Clairedleone
Added: Mar 3
Changed: Oct 23
Last Checked: Oct 23 at 6:03PM
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 Jones Hollow Realty Group Inc
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Investment Insights
Based on property information with market context.
The 2,904-square-foot office property contains seven private offices, a conference room, a kitchenette and two bathrooms. A detached garage provides additional storage space. The building was renovated in 2020, including updates to its HVAC, siding, select windows, common areas, kitchenette, bathrooms and conference room.
Located at 128 Carleton Avenue in East Islip, the property is fully occupied and situated opposite a restaurant.
Located at 128 Carleton Avenue in East Islip, the property is fully occupied and situated opposite a restaurant.
Key Highlights
- 2,904‑square‑foot office building with seven private offices
- Fully occupied multi‑tenant configuration
- Detached garage for storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,935
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$998,700
$998.7K
Cap Rate 7%
$713,357
$713.4K
Cap Rate 9%
$554,833
$554.8K
Market Conditions
NOI Build-Up for 2,904 SF
Gross rent
$81.2K $27.96/SF
− Vacancy
−$14.6K −$5.03/SF
EGI
$66.6K $22.93/SF
− OpEx
−$16.6K −$5.73/SF
NOI
$49.9K $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%
$998,700
Cap Rate 7%
$713,357
Cap Rate 9%
$554,833
Alternative Uses
Best Use
Office B
$713.4K
$624.2K – $832.3K
NOI $49,935 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$884.7K
$774.1K – $1.03M
NOI $61,929 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
Explore this area
Business Placement
Demographics for 11730, NY
14,523
Population
5,230
Households
2.8
Avg Household Size
43
Median Age
39%
College-Educated
95%
High-School Grad
4.5 sq mi
ZIP Area
3,227
Density / Sq Mi
$146,190
Median Household Income
$64,934
Median Earnings
$2,508
Median Rent
$577,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Seven private offices, a conference room and shared amenities support its fully occupied configuration.
Where is this office building located?
The property is located at 128 Carleton Avenue East Islip, NY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 2,904‑square‑foot office building with seven private offices; Fully occupied multi‑tenant configuration; Detached garage for storage
