Medical Office Building with On-Site
5 MEDICAL DR Port Jefferson Station, NY 11776
5 MEDICAL DR, Port Jefferson Station, NY, 11776
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For Sale
Contact for pricing
Tenanted neurology practice includes an on-site MRI and benefits from proximity to major regional hospitals.
Property Size4,000 SF
Price / SF$537.50
Days on Market50
Property Features for 5 MEDICAL DR
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1978
Listing agency
Marcus & Millichap - Manhattan
(212) 430-5196
Listed by
Michael Tuccillo · License #NY 10401244358
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 3:59PM Checked: Jul 20 at 2:39AM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
This medical office property is leased to True North Neurology under an NN Lease. The tenant operates a full-service neurology, headache medicine, and sleep medicine practice, and enhances clinical convenience with an on-site MRI machine. The building totals 4,000 square feet and is configured to support ongoing patient care within a specialized healthcare setting.
The property is positioned at the center of a premier North Shore medical corridor. Within minutes are Stony Brook Medicine (648 beds, Level 1 Trauma Center), Catholic Health St. Charles Hospital (243 beds), and Northwell Mather Hospital (249 beds), each established regional providers serving high-acuity patient needs.
For buyers and healthcare operators, the asset offers a built-in, specialty care tenant and an MRI capability that can support patient convenience for neurology-related services. Its location within a dense hospital environment aligns with the continued demand that typically follows access to established clinical providers.
The property is positioned at the center of a premier North Shore medical corridor. Within minutes are Stony Brook Medicine (648 beds, Level 1 Trauma Center), Catholic Health St. Charles Hospital (243 beds), and Northwell Mather Hospital (249 beds), each established regional providers serving high-acuity patient needs.
For buyers and healthcare operators, the asset offers a built-in, specialty care tenant and an MRI capability that can support patient convenience for neurology-related services. Its location within a dense hospital environment aligns with the continued demand that typically follows access to established clinical providers.
Key Highlights
- Year built 1978 medical property leased to True North Neurology
- Tenant operates an on‑site MRI machine
- True North Neurology provides neurology, headache medicine, and sleep medicine services
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 | $111.8k | $27.96 |
| − Vacancy | −$20.1k | −$5.03 |
| EGI | $91.7k | $22.93 |
| − OpEx | −$22.9k | −$5.73 |
| NOI | $68.8k | $17.20 |
4,000 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$982.6K
$859.8K – $1.15M
NOI $68,782 @ 7.0% cap · market cap 3.20%
Second Best
Healthcare Medical
$913.9K
$799.7K – $1.07M
NOI $63,976 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,301 @ 7.0% cap · market cap 3.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Vitamindrip New York
Physician
Gartner Joseph A MD
Physician
HEADACHE & PAIN CENTER ...
Physician
Brett Silverman
Physician
Prof. Elisa Han
Physician
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FAQs
What type of property is this?
Medical Office Space - Tenanted neurology practice includes an on-site MRI and benefits from proximity to major regional hospitals.
Where is this medical office space located?
The property is located at 5 MEDICAL DR Port Jefferson Station, NY.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Year built 1978 medical property leased to True North Neurology; Tenant operates an on‑site MRI machine; True North Neurology provides neurology, headache medicine, and sleep medicine services
