Mixed-Use Office and Medical
For Sale
$2,600,000
168 Main Street, Huntington, NY 11743
Professional suites and a residential apartment serve a range of office, medical, and residential uses.
Property Size6,350 SF
Price / SF$409.45
Days on Market40
Property Features for 168 Main Street
General Information
Standard status
Active
Size
6,350 SF
Total Parking Spaces
23
Property subtype
Mixed Use
Zoning
C3
Additional Details
Office Units
9
Taxes and HOA fees
Annual Taxes
$31,123
Building Details
Building Size
6,350 SF
Year Built
1890
Buildings
1
Tenancy
Multi
Listing Agency:
Signature Premier Properties
Listed By:
Stacy L. McFadden SRS · License #10301206471
(917) 613-9604
Source:
Cottiemaxwellrealestate
Added: Aug 27
Changed: Sep 30
Last Checked: Oct 4 at 3:26PM
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 Signature Premier Properties
Investment Insights
Based on property information with market context.
At 168 Main Street, this mixed-use building contains 6,350 square feet arranged as 9 office and medical suites alongside a residential apartment. Three suites, together totaling 2,290 square feet, are available for lease; the other suites are occupied by tenants. The building dates to 1890, with improvements made between 2016 and 2026, including a replacement roof, Thermopane windows, a brick extension, mechanical system updates, and spa build-outs.
The property is within Huntington Hamlet Center on a walkable block described as high-traffic, and offers 23 on-site parking spaces. C3 zoning allows for a second apartment.
The property is within Huntington Hamlet Center on a walkable block described as high-traffic, and offers 23 on-site parking spaces. C3 zoning allows for a second apartment.
Key Highlights
- 6,350 SF mixed‑use building with 9 office/medical suites and a residential apartment
- Three available suites total 2,290 SF; remaining suites are leased and occupied
- C3 zoning permits a second apartment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$113,043
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,260,860
$2.3M
Cap Rate 7%
$1,614,900
$1.6M
Cap Rate 9%
$1,256,033
$1.3M
Market Conditions
NOI Build-Up for 6,350 SF
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.
Gross rent
$196.6K $30.96/SF
− Vacancy
−$15.7K −$2.48/SF
EGI
$180.9K $28.48/SF
− OpEx
−$67.8K −$10.68/SF
NOI
$113.0K $17.80/SF
Area
Suffolk County, NY
Vacancy
8.00%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,260,860
Cap Rate 7%
$1,614,900
Cap Rate 9%
$1,256,033
Alternative Uses
Best Use
Mixed Use
$1.61M
$1.41M – $1.88M
NOI $113,043 @ 7.0% cap · market cap 4.35%
Second Best
Office B
$1.56M
$1.36M – $1.82M
NOI $109,191 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$1.93M
$1.69M – $2.26M
NOI $135,415 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
9
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,061
Businesses Nearby
Explore this area
Business Placement
Demographics for 11743, NY
41,522
Population
16,138
Households
2.6
Avg Household Size
47
Median Age
64%
College-Educated
96%
High-School Grad
25.7 sq mi
ZIP Area
1,616
Density / Sq Mi
$173,014
Median Household Income
$75,618
Median Earnings
$2,397
Median Rent
$748,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Professional suites and a residential apartment serve a range of office, medical, and residential uses.
Where is this mixed-use property located?
The property is located at 168 Main Street Huntington, NY.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 6,350 SF mixed‑use building with 9 office/medical suites and a residential apartment; Three available suites total 2,290 SF; remaining suites are leased and occupied; C3 zoning permits a second apartment
