Office Building with Dedicated
147 N Ocean Avenue Patchogue, NY 11772
147 N Ocean Avenue, Patchogue, NY, 11772
$949,999
For Sale
$949,999
COMMERCIAL - Patchogue, NY
Property Size2,700 SF
Lot Size0.36 Acres
Price / SF$351.85
Days on Market23
Property Features for 147 N Ocean Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 0204-009-00-03-00-013-000
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Annual Amount
- 14815
Utilities
- Heating system
- Oil
- Water source
- Public
Listing Agency
Realty Connect USA L I Inc
(631) 881-5160
580 Route 112 # 7-8, Patchogue, NY
Listed by
Stephen King
(877) 647-1092
Added: Jun 26 Checked: Jul 18 at 9:06 am
MLS# 11857433
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
147 N Ocean Avenue is a well-maintained office building providing over 2,700 square feet of professional office space configured with approximately 10 private offices, a kitchen/break area, and flexible interior planning with reception possibilities.
The property is located along North Ocean Avenue in the Village of Patchogue, offering visibility and exposure to daily traffic. The site includes an expansive private parking lot with more than 22 dedicated parking spaces, an amenity intended to support convenient access for employees and visitors.
The layout can support a variety of professional and office-based operations, including office and medical-related use cases, with room for flexible arrangement depending on tenant needs.
The property is located along North Ocean Avenue in the Village of Patchogue, offering visibility and exposure to daily traffic. The site includes an expansive private parking lot with more than 22 dedicated parking spaces, an amenity intended to support convenient access for employees and visitors.
The layout can support a variety of professional and office-based operations, including office and medical-related use cases, with room for flexible arrangement depending on tenant needs.
Key Highlights
- Well‑maintained office building with over 2,700 SF of professional office space
- Layout includes approximately 10 private offices plus a kitchen/break area and reception possibilities
- Flexible configuration suitable for a variety of professional and office‑oriented uses
Local 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 | $75.5k | $27.96 |
| − Vacancy | −$13.6k | −$5.03 |
| EGI | $61.9k | $22.93 |
| − OpEx | −$15.5k | −$5.73 |
| NOI | $46.4k | $17.20 |
2,700 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$663.3K
$580.4K – $773.8K
NOI $46,428 @ 7.0% cap · market cap 4.89%
Second Best
Healthcare Medical
$616.9K
$539.8K – $719.7K
NOI $43,184 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$822.5K
$719.7K – $959.6K
NOI $57,578 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Keegan & Keegan, Ross ...
Law Firm
Roth Jonathan H
Law Firm
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FAQs
What type of property is this?
Office building - Well-maintained office building offering private parking for more than 22 vehicles and a flexible layout for professional use.
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 $949,999.
What are key features of this property?
This property features: Well‑maintained office building with over 2,700 SF of professional office space; Layout includes approximately 10 private offices plus a kitchen/break area and reception possibilities; Flexible configuration suitable for a variety of professional and office‑oriented uses
