Three-Unit Office
For Sale
$1,600,000
146 Railroad Avenue, Sayville, NY 11782
Two stories and a basement provide multiple configurations for office occupancy.
Property Size6,550 SF
Price / SF$244.27
Days on Market96
Property Features for 146 Railroad Avenue
General Information
Standard status
Active
Size
6,550 SF
Property subtype
Commercial
Zoning
BD
Additional Details
Public Transit
Yes
Office Units
3
Property Use
Office
Taxes and HOA fees
Annual Taxes
$29,002
Amenities
brand-new bathrooms
modern kitchen
new solar power
Building Details
Building Size
6,550 SF
Buildings
1
Stories
2
Units
3
Construction
brick
Tenancy
Multi
Listing Agency:
Coldwell Banker M&D Good Life
(631) 289-1400
Listed By:
Theodore Gounelas CBR
(631) 455-6018
Source:
Croninreale
Added: Jul 22
Changed: Oct 23
Last Checked: Oct 23 at 9:50AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story office property at 146 Railroad Avenue contains three units and a basement. Recent improvements include new bathrooms, a modern kitchen, and solar power. The layout allows the spaces to be used separately or together, with potential for an owner to occupy part of the building while leasing the remainder.
The property is in Sayville near Main Street and the Sayville train station. It is zoned BD.
The property is in Sayville near Main Street and the Sayville train station. It is zoned BD.
Key Highlights
- Three office units across a two‑story building
- Basement included
- Recent improvements include new bathrooms and a modern kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,630
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,252,600
$2.3M
Cap Rate 7%
$1,609,000
$1.6M
Cap Rate 9%
$1,251,444
$1.3M
Market Conditions
NOI Build-Up for 6,550 SF
Gross rent
$183.1K $27.96/SF
− Vacancy
−$33.0K −$5.03/SF
EGI
$150.2K $22.93/SF
− OpEx
−$37.5K −$5.73/SF
NOI
$112.6K $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%
$2,252,600
Cap Rate 7%
$1,609,000
Cap Rate 9%
$1,251,444
Alternative Uses
Best Use
Office B
$1.61M
$1.41M – $1.88M
NOI $112,630 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,680 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,146
Businesses Nearby
Explore this area
Business Placement
Demographics for 11782, NY
15,682
Population
6,680
Households
2.3
Avg Household Size
46
Median Age
55%
College-Educated
95%
High-School Grad
5.6 sq mi
ZIP Area
2,800
Density / Sq Mi
$144,786
Median Household Income
$70,996
Median Earnings
$2,338
Median Rent
$614,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Two stories and a basement provide multiple configurations for office occupancy.
Where is this office building 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: Three office units across a two‑story building; Basement included; Recent improvements include new bathrooms and a modern kitchen
