Nine-Unit Apartment
For Sale
$2,100,000
12 Linden Place, Port Jefferson, NY 11777
Fully occupied multifamily property with on-site parking and varied apartment layouts.
Property Size6,879 SF
Price / SF$305.28
Days on Market1710
Property Features for 12 Linden Place
General Information
Standard status
Active
Size
6,879 SF
Property subtype
Multi Family
Occupancy
100%
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x studio, 5 x 1BR, 1 x 2BR, 1 x 3BR
Multifamily Units
9
Taxes and HOA fees
Annual Taxes
$26,142
Amenities
No, 11.00, No, Private
Square Feet, .35
Full
Other, Public
6879
25
No Common Walls
Square Feet
Other/See Remarks
No
Block
Private
Building Details
Year Built
1950
Buildings
1
Listing Agency:
Coach Real Estate Assoc Inc
Listed By:
Bryan J Karp · License #10301220180
(631) 360-1900
Source:
Compass
Added: Feb 8, 2022
Changed: Oct 13
Last Checked: Oct 15 at 1:41AM
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 Coach Real Estate Assoc Inc
Investment Insights
Based on property information with market context.
This 6,879-square-foot apartment building contains nine legal residential units across three floors and was constructed in 1950. The configuration includes one one-bedroom and one three-bedroom apartment on the first floor; one two-bedroom, one one-bedroom, and two studio apartments on the second floor; and three large one-bedroom apartments on the third floor. The property also includes a large private parking lot, a fire escape, and a class three fire suppression system. The roof is approximately five years old.
Located at 12 Linden Place, the building sits on a one-way street one block from Main St. A town park is located at the end of the block, and the property is a short distance from the train. The surrounding area includes apartment buildings, with a nearby revitalization project and new park improvements noted in the property information.
Located at 12 Linden Place, the building sits on a one-way street one block from Main St. A town park is located at the end of the block, and the property is a short distance from the train. The surrounding area includes apartment buildings, with a nearby revitalization project and new park improvements noted in the property information.
Key Highlights
- Nine legal apartment units across three floors
- 6,879 square feet on a 0.16‑acre site
- Unit mix includes studios, one‑bedroom, two‑bedroom, and three‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,257
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,445,140
$2.4M
Cap Rate 7%
$1,746,529
$1.7M
Cap Rate 9%
$1,358,411
$1.4M
Market Conditions
NOI Build-Up for 6,879 SF
Gross rent
$237.7K $34.56/SF
− Vacancy
−$15.5K −$2.25/SF
EGI
$222.3K $32.31/SF
− OpEx
−$100.0K −$14.54/SF
NOI
$122.3K $17.77/SF
Area
Suffolk County, NY
Vacancy
6.50%
Lease Rate
$34.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,445,140
Cap Rate 7%
$1,746,529
Cap Rate 9%
$1,358,411
Alternative Uses
Best Use
Apartment 5plus
$1.75M
$1.53M – $2.04M
NOI $122,257 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.83M – $2.44M
NOI $146,696 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
9
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,365
Businesses Nearby
Explore this area
Business Placement
Demographics for 11777, NY
9,346
Population
3,893
Households
2.4
Avg Household Size
46
Median Age
69%
College-Educated
97%
High-School Grad
4.4 sq mi
ZIP Area
2,124
Density / Sq Mi
$148,519
Median Household Income
$72,042
Median Earnings
$2,261
Median Rent
$655,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with on-site parking and varied apartment layouts.
Where is this apartment building located?
The property is located at 12 Linden Place Port Jefferson, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Nine legal apartment units across three floors; 6,879 square feet on a 0.16‑acre site; Unit mix includes studios, one‑bedroom, two‑bedroom, and three‑bedroom apartments
