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    9 Brooksite Dr Smithtown, NY 11787

    Sponsored
    For Sale
    $3,340,000

    9,800 SF Medical Office, 100% Leased

    Property size:
    9,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional Class A medical office building, located at 9 Brooksite Dr in Smithtown, NY, presents a compelling investment opportunity. The 9,800 square foot, two-story building sits on a 1.55-acre lot and boasts a prime location within the Central Business (CB) zone of Suffolk County. Currently 100% occupied by Northwell Health under a NNN lease, the property offers a strong, stable income stream. The lease, commencing August 1, 2024, and expiring October 31, 2031, includes two five-year renewal options, ensuring long-term tenancy. Northwell Health has occupied the building since 2009, demonstrating a commitment to the location. The building, constructed in 1985, underwent significant renovations in 2017, including a new nuclear imaging cardiology suite and updated common areas. All ramps and stair railings are ADA compliant. The asking price is $3,340,000, representing a compelling 6.00% cap rate and $340.82 per square foot. Annual real estate taxes are $42,421, and utilities are the tenant's responsibility. The property is identified on tax records as Section 76, Block 5, Lot 4.2. This is a rare opportunity to acquire a fully leased, high-quality medical office building in a desirable location with a strong tenant history.

    Property Features for 9 Brooksite Dr

    General Information

    Property type
    Medical offices
    Square Feet
    9,800 SF
    Class
    A
    Lot Size
    67,518 SF

    Building Details

    Year Built/Renovated
    1985/2017
    Stories
    2

    HighLights

    • 1985 Construction, renovated 2011, 2013, & 2017.
    • Excellent location in Smithtown's medical/office/retail submarket, Suffolk County.
    • Fully leased to Northwell Health through 10/31/2031, with two 5‑year renewal options; tenant since 2009.
    • Central Business (CB) zoning; legally conforming use.
    • Annual real estate taxes: $42,421 (Section 76, Block 5, Lot 4.2).
    • Tenant responsible for all utilities (direct meter).
    Property Profile Location Intelligence

    Current Use by Public Records

    Belding Franco Gleason ... Family Practice Physician Gleason Francis X ... Family Practice Physician St Catherine of Siena Medical Laboratory Northwell Health Physician ... Doctor Lawrence Martin Lieblich, ... Dermatologist

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Smithtown
    County
    Suffolk
    State
    New York
    Longitude
    -73.2042435
    Latitude
    40.8555099

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    FAQs

    What type of property is this?
    Medical office - 9,800 SF Medical Office, 100% Leased
    Where is this medical office located?
    The property is located at 9 Brooksite Dr Smithtown, NY.
    What is the asking price?
    The asking price for this property is $3,340,000.
    What are key features of this property?
    This property features: 1985 Construction, renovated 2011, 2013, & 2017.; Excellent location in Smithtown's medical/office/retail submarket, Suffolk County.; Fully leased to Northwell Health through 10/31/2031, with two 5-year renewal options; tenant since 2009.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9 Brooksite Dr Smithtown, NY 11787
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