Industrial Building with Heavy
For Sale
$7,550,000
Pending
200 Knickerbocker Ave, Bohemia, NY 11716
30,800 SF industrial building on 2.02-acre lot for sale.
Property Size30,800 SF
Lot Size2.02 Acres
Days on Market156
Property Features for 200 Knickerbocker Ave
General Information
Standard status
Pending
Size
30,800 SF
Lot size
2.02 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$79,370
Building Details
Building Size
30,800 SF
Year Built
1987
Units
1
Listing Agency:
(646) 233-6608
Listed By:
Roger Liu
(646) 233-6608
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 4:54AM
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 Roger Liu
Investment Insights
Based on property information with market context.
This 30,800 square foot industrial building is situated on a 2.02-acre lot and features approximately 70 parking spaces. The property includes two loading docks and two drive-in doors. The building is configured with 95% warehouse/production line space. It benefits from heavy power, with 800 AMP service, and gas heat. The warehouse area is equipped with HVAC, and the office space has split unit HVAC, providing both heating and cooling. The building has a ceiling height of 20 feet clear and full sprinkler coverage. Column spacing is 25 feet by 40 feet. Located within Suffolk County Foreign-Trade Zone #52, the property offers potential tariff benefits. Delivered vacant, the building is easily divisible for multi-user occupancy.
Key Highlights
- Suffolk County Foreign‑Trade Zone #52 (potential tariff benefits)
- 30,800 SF industrial building on 2.02 acres with ample parking (approx. 70 spaces)**
- Heavy power (800 AMP) and gas heat
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
$471,994
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
6.25%
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%
$9,439,880
$9.4M
Cap Rate 7%
$6,742,771
$6.7M
Cap Rate 9%
$5,244,378
$5.2M
Market Conditions
NOI Build-Up for 30,800 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
$591.4K $19.20/SF
− Vacancy
−$36.1K −$1.17/SF
EGI
$555.3K $18.03/SF
− OpEx
−$83.3K −$2.70/SF
NOI
$472.0K $15.32/SF
Area
Suffolk County, NY
Vacancy
6.10%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
15.00%
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%
$9,439,880
Cap Rate 7%
$6,742,771
Cap Rate 9%
$5,244,378
Alternative Uses
Best Use
Warehouse
$6.74M
$5.90M – $7.87M
NOI $471,994 @ 7.0% cap · market cap 6.25%
Second Best
Industrial
$6.25M
$5.47M – $7.29M
NOI $437,289 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$9.38M
$8.21M – $10.95M
NOI $656,818 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,612
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11716, NY
10,315
Population
3,535
Households
2.9
Avg Household Size
45
Median Age
42%
College-Educated
95%
High-School Grad
8.6 sq mi
ZIP Area
1,199
Density / Sq Mi
$120,344
Median Household Income
$54,556
Median Earnings
$2,425
Median Rent
$508,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Prime Storage — 868 Lincoln Ave, Bohemia, NY 11716
- Prime Storage — 911 Lincoln Ave, Bohemia, NY 11716
- Self-Storage at U-Haul — 1110 Lincoln Ave, Holbrook, NY 11741
- Quality Moving and Storage — 65 Knickerbocker Ave, Bohemia, NY 11716
- Extra Space Storage — 510 Johnson Ave, Bohemia, NY 11716
Frequently Asked Questions
What type of property is this?
Warehouse - 30,800 SF industrial building on 2.02-acre lot for sale.
Where is this warehouse located?
The property is located at 200 Knickerbocker Ave Bohemia, NY.
What is the asking price?
The asking price for this property is $7,550,000.
What are key features of this property?
This property features: Suffolk County Foreign‑Trade Zone #52 (potential tariff benefits); 30,800 SF industrial building on 2.02 acres with ample parking (approx. 70 spaces)**; Heavy power (800 AMP) and gas heat
