Unique Medical Center with
For Sale
$2,200,000
634 Park Avenue, Huntington, NY 11743
Medical center with residential space on almost 2 acres.
Property Size4,748 SF
Lot Size1.98 Acres
Price / SF$463.35
Days on Market182
Property Features for 634 Park Avenue
General Information
Standard status
Active
Size
4,748 SF
Lot size
1.98 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$27,500
Building Details
Year Built
1957
Listing Agency:
Daniel Gale Sothebys Intl Rlty
(516) 992-2888
Listed By:
Nikki Sturges CBR (nikkisturges@danielgale.com)
(631) 375-8557
Source:
Iaquintarealestate
Added: Mar 11
Changed: Sep 8
Last Checked: Sep 8 at 4:15AM
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 Daniel Gale Sothebys Intl Rlty
Investment Insights
Based on property information with market context.
This property, situated on just under 2 acres, offers a combination of professional and residential space. Currently operating as a medical center specializing in Innovative Alternative Medicine and Holistic Wellness, the first level is fully updated and designed for medical or professional use. It features an entry waiting area, a reception area, 6 treatment rooms equipped with state-of-the-art equipment, a conference room, 2 doctor offices, 4 half baths, and an updated kitchen. A two-car garage is also included. The upstairs residence provides comfortable living with two bedrooms and a full bath. The basement includes a freshly finished section with storage, while the unfinished side offers an exterior stairway for delivery access. The grounds are beautifully maintained, featuring gardens, a bluestone entry patio with sitting area, abundant parking, and a handicap-accessible ramp.
Key Highlights
- Updated first level designed for medical/professional use with 6 treatment rooms, reception, and offices.
- Property includes both professional space and a residential living area (2 bedrooms, 1 bath).
- Just shy of 2 acres with maintained grounds, gardens, and bluestone patio.
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
$66,183
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
3.01%
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%
$1,323,660
$1.3M
Cap Rate 7%
$945,471
$945.5K
Cap Rate 9%
$735,367
$735.4K
Market Conditions
NOI Build-Up for 4,748 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
$125.3K $26.40/SF
− Vacancy
−$15.0K −$3.17/SF
EGI
$110.3K $23.23/SF
− OpEx
−$44.1K −$9.29/SF
NOI
$66.2K $13.94/SF
Area
Livingston County, NY
Vacancy
12.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
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%
$1,323,660
Cap Rate 7%
$945,471
Cap Rate 9%
$735,367
Alternative Uses
Best Use
Healthcare Medical
$945.5K
$827.3K – $1.10M
NOI $66,183 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,048 @ 7.0% cap · market cap 4.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
Explore this area
Business Placement
Demographics for 11743, NY
41,522
Population
16,138
Households
2.6
Avg Household Size
47
Median Age
64%
College-Educated
96%
High-School Grad
25.7 sq mi
ZIP Area
1,616
Density / Sq Mi
$173,014
Median Household Income
$75,618
Median Earnings
$2,397
Median Rent
$748,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Medical center with residential space on almost 2 acres.
Where is this medical center located?
The property is located at 634 Park Avenue Huntington, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Updated first level designed for medical/professional use with 6 treatment rooms, reception, and offices.; Property includes both professional space and a residential living area (2 bedrooms, 1 bath).; Just shy of 2 acres with maintained grounds, gardens, and bluestone patio.
