Well-Occupied Office
640 Montauk Hwy Shirley, NY 11967
640 Montauk Hwy, Shirley, NY, 11967
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For Sale
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Office building with approximately 7,402 square feet and 100% occupancy, offering 5.94 parking spaces per 1,000 square feet.
Property Size7,402 SF
Lot Size1.35 Acres
Price / SF$317.48
Days on Market105
Property Features for 640 Montauk Hwy
General Information
- Standard status
- Active
- Size
- 7,402 SF
- Lot size
- 1.35 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1985
Listing agency
Marcus & Millichap - Manhattan
(212) 430-5196
Listed by
Michael Tuccillo · License #NY 10401244358
Source
Crexi
Added: Apr 10 Updated: Jul 22 at 7:41PM Checked: Jul 22 at 7:41PM
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.
640 Montauk Highway is a well-maintained office asset on a 1.35-acre parcel with approximately 7,402 square feet of office space. The property is currently 100% occupied and is supported by a parking ratio of 5.94 spaces per 1,000 square feet, designed to accommodate tenant and visitor needs.
Located along Montauk Highway in Shirley, NY, the site benefits from visibility and straightforward access to major regional thoroughfares, including William Floyd Parkway (±0.5 mile), Sunrise Highway (±1.0 miles), and the Long Island Expressway (±5 miles). Nearby anchors include South Port Shopping Center, Floyd Harbor Center, and the Shirley LIRR Station.
The surrounding area includes more than 51,000 residents within a three-mile radius, with average household incomes exceeding $127,000, supporting an active daytime and commuter environment.
Located along Montauk Highway in Shirley, NY, the site benefits from visibility and straightforward access to major regional thoroughfares, including William Floyd Parkway (±0.5 mile), Sunrise Highway (±1.0 miles), and the Long Island Expressway (±5 miles). Nearby anchors include South Port Shopping Center, Floyd Harbor Center, and the Shirley LIRR Station.
The surrounding area includes more than 51,000 residents within a three-mile radius, with average household incomes exceeding $127,000, supporting an active daytime and commuter environment.
Key Highlights
- Office building on a 1.35‑acre parcel built in 1985
- Approximately 7,402 SF office space with 100% occupancy
- Parking ratio of 5.94 spaces per 1,000 SF
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 | $207.0k | $27.96 |
| − Vacancy | −$37.3k | −$5.03 |
| EGI | $169.7k | $22.93 |
| − OpEx | −$42.4k | −$5.73 |
| NOI | $127.3k | $17.20 |
7,402 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.82M
$1.59M – $2.12M
NOI $127,280 @ 7.0% cap · market cap 5.42%
Second Best
Healthcare Medical
$1.69M
$1.48M – $1.97M
NOI $118,387 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,849 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Monaco Realty
Real Estate Agency
Total Touch Home ...
General Contractor
Mark Rienecker
Dental Office
Personal-Touch Home Care
Home Health Care Service
Dr. Sarala Radhakrishnan ...
Pediatrician
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FAQs
What type of property is this?
Office building - Office building with approximately 7,402 square feet and 100% occupancy, offering 5.94 parking spaces per 1,000 square feet.
Where is this office building located?
The property is located at 640 Montauk Hwy Shirley, NY.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Office building on a 1.35‑acre parcel built in 1985; Approximately 7,402 SF office space with 100% occupancy; Parking ratio of 5.94 spaces per 1,000 SF
