Amityville Warehouse with Office
For Sale
Contact for pricing
185 Dixon Ave, Amityville, NY 11701
62,675 SF warehouse on 2.09 acres with office space.
Property Size62,675 SF
Lot Size2.09 Acres
Price / SF$215.40
Days on Market832
Property Features for 185 Dixon Ave
General Information
Standard status
Active
Size
62,675 SF
Lot size
2.09 Acres
Property subtype
Industrial
Listing Agency:
Industry One Realty Corporation
Listed By:
Mario Asaro · License #NY
Source:
Crexi
Added: Jul 10, 2024
Changed: Oct 16
Last Checked: Oct 16 at 9:08AM
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 Industry One Realty Corporation
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Investment Insights
Based on property information with market context.
This commercial property features a 62,675 square foot building situated on 2.09 acres. The second floor includes 9,530 square feet of office space. The building can be divided, offering 59,075 square feet with 10% office space. An additional 3,600 square feet of office space can be leased separately or combined with the warehouse. Ceiling heights vary, with 10,000 square feet reaching 35 feet and the remainder between 15 and 18 feet. The property includes 3 loading docks and 1 drive-in door. It is connected to sewers and has an extensive electrical system with 1200 amps plus 800 amps, bus bar power, and compressed air distribution. The building is fully sprinklered with pull stations throughout and features high-efficiency Cambridge gas-fired heating. Additional features include new facade finishing.
Key Highlights
- 62,675sf total space on 2.09 acres
- High‑Efficiency Cambridge Gas Fired Heating
- Extensive electrical Bus Bar Power & Compressed Air Distribution
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,077,722
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$21,554,440
$21.6M
Cap Rate 7%
$15,396,029
$15.4M
Cap Rate 9%
$11,974,689
$12.0M
Market Conditions
NOI Build-Up for 62,675 SF
Gross rent
$1.75M $27.96/SF
− Vacancy
−$315.4K −$5.03/SF
EGI
$1.44M $22.93/SF
− OpEx
−$359.2K −$5.73/SF
NOI
$1.08M $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%
$21,554,440
Cap Rate 7%
$15,396,029
Cap Rate 9%
$11,974,689
Alternative Uses
Best Use
Office B
$15.40M
$13.47M – $17.96M
NOI $1,077,722 @ 7.0% cap · market cap 7.98%
Second Best
Warehouse
$13.72M
$12.01M – $16.01M
NOI $960,462 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$19.09M
$16.71M – $22.28M
NOI $1,336,560 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,575
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11701, NY
27,831
Population
9,544
Households
2.9
Avg Household Size
41
Median Age
31%
College-Educated
87%
High-School Grad
4.6 sq mi
ZIP Area
6,050
Density / Sq Mi
$110,639
Median Household Income
$48,080
Median Earnings
$2,307
Median Rent
$489,000
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
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Frequently Asked Questions
What type of property is this?
Warehouse - 62,675 SF warehouse on 2.09 acres with office space.
Where is this warehouse located?
The property is located at 185 Dixon Ave Amityville, NY.
What is the asking price?
The asking price for this property is $13,500,000.
What are key features of this property?
This property features: 62,675sf total space on 2.09 acres; High‑Efficiency Cambridge Gas Fired Heating; Extensive electrical Bus Bar Power & Compressed Air Distribution
