Mixed-Use Office and Medical
For Sale
$2,600,000
168 Main Street, Huntington, NY 11743
Commercial Sale, Huntington, NY
Property Size6,350 SF
Lot Size0.36 Acres
Price / SF$409.45
Days on Market39
Property Features for 168 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C3
Rooms
Basement
Parking
23
Basement
Walk-Out Access, Finished
Elementary school
Flower Hill School
Middle school
J Taylor Finley Middle School
High school
Huntington High School
Elementary school district
Huntington
Middle school district
Huntington
High school district
Huntington
Standard status
Active
APN
0400-072-00-05-00-006-002
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
31123
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Ductless
Water source
Public
Building Details
Year built
1890
Floors in Building
4
Number of units
10
Flooring type
Carpet, Vinyl, Wood, Laminate
Building materials
Brick
Listing Agency:
Signature Premier Properties
(631) 422-3100
Listed By:
Stacy L. McFadden SRS · License #10301206471
(917) 613-9604
Added: Aug 17
Changed: Sep 23
Last Checked: Sep 24 at 4:06PM
MLS# 1039938
Copyright © 2026 OneKey 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.
This 6,350 SF mixed-use building contains 9 office and medical suites alongside a residential apartment. Three suites totaling 2,290 SF are available for lease-up, while the remaining suites are leased and occupied. The property includes vinyl, wood, carpet, and laminate flooring, natural-gas heating, ductless cooling, public water, and public sewer. Originally built in 1890, the brick structure has received capital improvements from 2016 to 2026, including a new roof, Thermopane windows, a brick extension, updated mechanical systems, and spa build-outs.
Located at 168 Main Street in Huntington’s Huntington Hamlet Center, the property occupies a 0.36-acre site with 23 on-site parking spaces. C3 commercial zoning permits a second apartment. A basement is also included in the building layout.
Located at 168 Main Street in Huntington’s Huntington Hamlet Center, the property occupies a 0.36-acre site with 23 on-site parking spaces. C3 commercial zoning permits a second apartment. A basement is also included in the building layout.
Key Highlights
- 6,350 SF mixed‑use office and medical building
- 9 office and medical suites plus 1 residential apartment
- Three suites totaling 2,290 SF available for lease‑up
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
1
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
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 - Brick commercial property combining professional office, medical suites, and a residential apartment.
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 office and medical building; 9 office and medical suites plus 1 residential apartment; Three suites totaling 2,290 SF available for lease‑up
