Two-Story Brick Office
146 Railroad Avenue Sayville, NY 11782
New
For Sale
$1,600,000
Two-story office building with multiple units and recent upgrades including new bathrooms, kitchen, and solar power.
Property Size6,400 SF
Price / SF$250
Days on Market6
Property Features for 146 Railroad Avenue
General Information
Standard status
Active
Size
6,400 SF
Property subtype
Commercial
Listing Agency:
COLDWELL BANKER M&D GOOD LIFE
(631) 289-1400
Listed By:
THEODORE GOUNELAS CBR
Source:
Corcoran
Added: Jul 22
Changed: Jul 26
Last Checked: Jul 26 at 2:28AM
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 COLDWELL BANKER M&D GOOD LIFE
Investment Insights
Based on property information with market context.
146 Railroad Avenue is a classic red brick office building with two floors and approximately 6,400 square feet of space. The building includes three units in the basement, allowing for separate leasing opportunities or the possibility of consolidating space under one roof.
Recent upgrades include brand-new bathrooms, a modern kitchen, and new solar power. The property is described as being just steps from Main Street and the Sayville train station, providing convenient access to nearby shops, restaurants, and commuting.
This configuration supports flexible occupancy and leasing plans based on how the office space is allocated across the building’s floors and basement units.
Recent upgrades include brand-new bathrooms, a modern kitchen, and new solar power. The property is described as being just steps from Main Street and the Sayville train station, providing convenient access to nearby shops, restaurants, and commuting.
This configuration supports flexible occupancy and leasing plans based on how the office space is allocated across the building’s floors and basement units.
Key Highlights
- Two‑story, approx. 6,400 SF red brick office building in Sayville with space across 2 floors
- Basement with 3 units—lease individually or combine for a larger single‑use space
- Recent upgrades: brand‑new bathrooms and a fully modern kitchen
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $178.9k | $27.96 |
| − Vacancy | −$32.2k | −$5.03 |
| EGI | $146.7k | $22.93 |
| − OpEx | −$36.7k | −$5.73 |
| NOI | $110.1k | $17.20 |
6,400 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.57M
$1.38M – $1.83M
NOI $110,051 @ 7.0% cap · market cap 6.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.71M – $2.27M
NOI $136,482 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Two-story office building with multiple units and recent upgrades including new bathrooms, kitchen, and solar power.
Where is this office units located?
The property is located at 146 Railroad Avenue Sayville, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two‑story, approx. 6,400 SF red brick office building in Sayville with space across 2 floors; Basement with 3 units—lease individually or combine for a larger single‑use space; Recent upgrades: brand‑new bathrooms and a fully modern kitchen
