Medical Office
For Sale
$298,000
755 Park Avenue #120, Huntington, NY 11743
Three private offices and a reception area support a professional office configuration.
Property Size884 SF
Price / SF$337.10
Days on Market128
Property Features for 755 Park Avenue #120
General Information
Standard status
Active
Size
884 SF
Property subtype
Commercial
Additional Details
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$4,141
Building Details
Building Size
884 SF
Listing Agency:
Compass Greater NY LLC
(516) 703-3360
Listed By:
Ellen Capitanio
(631) 987-5250
Source:
Croninreale
Added: Jun 19
Changed: Oct 23
Last Checked: Oct 23 at 3:26PM
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 Compass Greater NY LLC
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Investment Insights
Based on property information with market context.
This 884-square-foot medical office condo is arranged with three offices and a reception area. Its current use is medical office, and other office uses may be possible.
The property is at 755 Park Avenue in Huntington and includes access to a parking lot with ample parking.
The property is at 755 Park Avenue in Huntington and includes access to a parking lot with ample parking.
Key Highlights
- 884‑square‑foot medical office condo
- Three offices and a reception area
- Currently used as medical offices; other office uses may be possible
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,201
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,020
$304.0K
Cap Rate 7%
$217,157
$217.2K
Cap Rate 9%
$168,900
$168.9K
Market Conditions
NOI Build-Up for 884 SF
Gross rent
$24.7K $27.96/SF
− Vacancy
−$4.4K −$5.03/SF
EGI
$20.3K $22.93/SF
− OpEx
−$5.1K −$5.73/SF
NOI
$15.2K $17.20/SF
Area
Suffolk County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,020
Cap Rate 7%
$217,157
Cap Rate 9%
$168,900
Alternative Uses
Best Use
Office B
$217.2K
$190.0K – $253.4K
NOI $15,201 @ 7.0% cap · market cap 5.10%
Second Best
Healthcare Medical
$202.0K
$176.7K – $235.7K
NOI $14,139 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$269.3K
$235.7K – $314.2K
NOI $18,852 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
912
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Three private offices and a reception area support a professional office configuration.
Where is this medical office space located?
The property is located at 755 Park Avenue #120 Huntington, NY.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: 884‑square‑foot medical office condo; Three offices and a reception area; Currently used as medical offices; other office uses may be possible
