2946 Rte 112, Medford, NY
7,000 SF office building with ample parking and financing.
- Added:
- Nov 29, 2023
- Days on Market:
- 928
- Last Refresh:
- May 20 at 9:05 pm
Property Features for 2946 Rte 112
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Lot size
- 1.00 Acre
- Property subtype
- OFFICE
Listing agent Christopher R. Mayor License #NY 10401293904 (631) 513-2000
Listing office Island Associates Real Estate, Inc. (631) 513-2000
Listing date Nov 29, 2023
Source Moodyscre
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 Island Associates Real Estate, Inc.
HighLights
- High daily traffic count (20,601 on Rt. 112)
- 56 parking spaces
- 3‑minute drive to Medford LIRR station
- Owner financing available
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $195.7k | $27.96 |
| − Vacancy | −$35.2k | −$5.03 |
| EGI | $160.5k | $22.93 |
| − OpEx | −$40.1k | −$5.73 |
| NOI | $120.4k | $17.20 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Suffolk
- State
- New York
- Longitude
- -72.9964
- Latitude
- 40.8314
