Two-Story Office
146 Medford Ave, Patchogue, NY 11772
For Sale
$799,000
Office property with central air, basement space, and attic storage in Patchogue Village.
Property Size1,480 SF
Price / SF$539.86
Days on Market50
Property Features for 146 Medford Ave
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Buildings
Stories
Listed By:
Rosemarie Bodkin
(631) 758-0557
Source:
Elliman
Added: Sep 19
Changed: Nov 2
Last Checked: Nov 6 at 9:06AM
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 Rosemarie Bodkin
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Investment Insights
Based on property information with market context.
This two-story office building contains 1,480 square feet and offers a practical mix of workspace and storage. The property includes a full basement and a large walk-up attic, while central air and a new burner support the building’s mechanical systems. On-site parking is also available.
Located at 146 Medford Ave in Patchogue, NY, the property is positioned for office uses including attorney, accounting, medical office, real estate, and nail or facial salon operations.
Located at 146 Medford Ave in Patchogue, NY, the property is positioned for office uses including attorney, accounting, medical office, real estate, and nail or facial salon operations.
Key Highlights
- 1,480‑square‑foot, two‑story office building
- New burner and central air
- Large walk‑up attic for storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,449
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,980
$509.0K
Cap Rate 7%
$363,557
$363.6K
Cap Rate 9%
$282,767
$282.8K
Market Conditions
NOI Build-Up for 1,480 SF
Gross rent
$41.4K $27.96/SF
− Vacancy
−$7.4K −$5.03/SF
EGI
$33.9K $22.93/SF
− OpEx
−$8.5K −$5.73/SF
NOI
$25.4K $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%
$508,980
Cap Rate 7%
$363,557
Cap Rate 9%
$282,767
Alternative Uses
Best Use
Office B
$363.6K
$318.1K – $424.2K
NOI $25,449 @ 7.0% cap · market cap 3.19%
Second Best
Healthcare Medical
$338.2K
$295.9K – $394.5K
NOI $23,671 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$450.9K
$394.5K – $526.0K
NOI $31,561 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,856
Businesses Nearby
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Business Placement
Demographics for 11772, NY
44,459
Population
18,478
Households
2.4
Avg Household Size
42
Median Age
33%
College-Educated
89%
High-School Grad
16.1 sq mi
ZIP Area
2,761
Density / Sq Mi
$105,246
Median Household Income
$55,170
Median Earnings
$2,015
Median Rent
$450,600
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Suffolk County, NY
Properties on Market for Office buildings in Suffolk County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Office property with central air, basement space, and attic storage in Patchogue Village.
Where is this office building located?
The property is located at 146 Medford Ave Patchogue, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 1,480‑square‑foot, two‑story office building; New burner and central air; Large walk‑up attic for storage
