Warehouse Building with Freight
For Sale
Contact for pricing
22-42 Sprague Ave, Amityville, NY 11701
Warehouse with freight elevator, sprinklers, and a loading dock leveler, with visibility from Route 110.
Property Size48,355 SF
Price / SF$248.16
Days on Market99
Property Features for 22-42 Sprague Ave
General Information
Standard status
Active
Size
48,355 SF
Property subtype
INDUSTRIAL
Listing Agency:
Metro Realty Services LLC
(631) 770-0700
Listed By:
Anthony Garistina
Source:
Moodyscre
Added: Jul 24
Changed: Oct 25
Last Checked: Oct 28 at 10:50AM
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 Metro Realty Services LLC
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Investment Insights
Based on property information with market context.
Warehouse building at 22-42 Sprague Ave, Amityville, NY 11701 offering approximately 48,355 SF. The space includes a freight elevator, sprinklers, and a leveler on the loading dock to support efficient loading and material handling.
The property is visible from Route 110. An additional 7,000 SF lot can be made available for parking or storage, depending on operational needs.
The seller will consider leasing the entire building, providing a straightforward option for tenants seeking a single-tenant warehouse configuration rather than multiple smaller spaces.
The property is visible from Route 110. An additional 7,000 SF lot can be made available for parking or storage, depending on operational needs.
The seller will consider leasing the entire building, providing a straightforward option for tenants seeking a single-tenant warehouse configuration rather than multiple smaller spaces.
Key Highlights
- Approximately 48,355 SF warehouse building with freight elevator
- Sprinklers and a leveler on the loading dock
- Visible from Route 110
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$741,015
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,820,300
$14.8M
Cap Rate 7%
$10,585,929
$10.6M
Cap Rate 9%
$8,233,500
$8.2M
Market Conditions
NOI Build-Up for 48,355 SF
Gross rent
$928.4K $19.20/SF
− Vacancy
−$56.6K −$1.17/SF
EGI
$871.8K $18.03/SF
− OpEx
−$130.8K −$2.70/SF
NOI
$741.0K $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 Rate 5%
$14,820,300
Cap Rate 7%
$10,585,929
Cap Rate 9%
$8,233,500
Alternative Uses
Best Use
Warehouse
$10.59M
$9.26M – $12.35M
NOI $741,015 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.73M
$12.89M – $17.19M
NOI $1,031,182 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,305
Businesses Nearby
Balanced
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Safeguard Self Storage — 6000 Sunrise Hwy, Massapequa, NY 11758
- Alta Storage Facility — 20 Carmans Rd, Massapequa, NY 11758
- Lauren Storage Units — 238 Broadway, Amityville, NY 11701
- Extra Space Storage — 24 Sterling Pl, Amityville, NY 11701
- Omega Self Storage — 491 Broadway, Amityville, NY 11701
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with freight elevator, sprinklers, and a loading dock leveler, with visibility from Route 110.
Where is this warehouse located?
The property is located at 22-42 Sprague Ave Amityville, NY.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: Approximately 48,355 SF warehouse building with freight elevator; Sprinklers and a leveler on the loading dock; Visible from Route 110
