Office Building with Private
For Sale
$874,999
147 N Ocean Avenue, Patchogue, NY 11772
A flexible professional layout includes private offices and a kitchen/break area, supported by dedicated on-site parking.
Property Size2,250 SF
Price / SF$388.89
Days on Market123
Property Features for 147 N Ocean Avenue
General Information
Standard status
Active
Size
2,250 SF
Property subtype
Commercial
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$14,815
Building Details
Building Size
2,250 SF
Buildings
1
Listing Agency:
BH&G R E Realty Connect
(631) 881-5160
Listed By:
Stephen King
(631) 624-1159
Source:
Croninreale
Added: Jun 26
Changed: Oct 25
Last Checked: Oct 23 at 4:41PM
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 BH&G R E Realty Connect
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 147 N Ocean Avenue, this office property is arranged with approximately 10 private offices, a kitchen and break area, and a flexible interior layout. A private parking lot provides more than 22 dedicated spaces, a substantial on-site amenity for an office property in the Village of Patchogue.
The property fronts North Ocean Avenue, within reach of Patchogue Village’s downtown restaurants, retail, and entertainment. The surrounding area also hosts year-round community activity.
The property fronts North Ocean Avenue, within reach of Patchogue Village’s downtown restaurants, retail, and entertainment. The surrounding area also hosts year-round community activity.
Key Highlights
- Approximately 10 private offices
- More than 22 dedicated spaces in a private parking lot
- Kitchen and break area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,690
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$773,800
$773.8K
Cap Rate 7%
$552,714
$552.7K
Cap Rate 9%
$429,889
$429.9K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$62.9K $27.96/SF
− Vacancy
−$11.3K −$5.03/SF
EGI
$51.6K $22.93/SF
− OpEx
−$12.9K −$5.73/SF
NOI
$38.7K $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%
$773,800
Cap Rate 7%
$552,714
Cap Rate 9%
$429,889
Alternative Uses
Best Use
Office B
$552.7K
$483.6K – $644.8K
NOI $38,690 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$685.5K
$599.8K – $799.7K
NOI $47,982 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,855
Businesses Nearby
Explore this area
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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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 - A flexible professional layout includes private offices and a kitchen/break area, supported by dedicated on-site parking.
Where is this office building located?
The property is located at 147 N Ocean Avenue Patchogue, NY.
What is the asking price?
The asking price for this property is $874,999.
What are key features of this property?
This property features: Approximately 10 private offices; More than 22 dedicated spaces in a private parking lot; Kitchen and break area
