Two-Story Office Building For
For Sale
Contact for pricing
Pending
136 Woodbury Rd, Woodbury, NY 11797
8,260 SF office building near Cold Spring Harbor LIRR.
Property Size8,260 SF
Lot Size1.57 Acres
Days on Market856
Property Features for 136 Woodbury Rd
General Information
Standard status
Pending
Size
8,260 SF
Total Parking Spaces
47
Lot size
1.57 Acres
Property subtype
Office
Zoning
Neighborhood Business (NB)
Occupancy
96%
Net Operating Income
$142,190
Building Details
Year Built
1977
Buildings
1
Stories
2
Units
11
Tenancy
Multi
Listing Agency:
Cushman & Wakefield - Melville, New York
(323) 471-4747
Listed By:
Daniel Abbondandolo · License #NY 10401239548
Source:
Crexi
Added: Apr 17, 2024
Changed: Aug 15
Last Checked: Aug 18 at 10:49AM
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 Cushman & Wakefield - Melville, New York
Investment Insights
Based on property information with market context.
The property at 136 Woodbury Road, Woodbury, is an 8,260 square foot two-story office building situated on a 68,389 square foot (1.57 acre) lot. The building offers 24-hour access and contains 11 medical and professional office suites. The property is located in close proximity to the Cold Spring Harbor LIRR Station, providing exposure along Woodbury Road. The building is currently 96% leased, with 318 square feet vacant on the first floor. The property is surrounded by national and local tenants and is located 1 mile north of Jericho Turnpike (NY 25), providing convenient access to the Long Island Expressway (I-495) and the Northern State Parkway. The property is suitable for commercial real estate and office properties, including medical office space.
Key Highlights
- 96% leased occupancy rate, providing immediate income.
- Located near the Cold Spring Harbor LIRR Station.
- Convenient access to major roadways: Jericho Turnpike (NY 25), Long Island Expressway (I‑495), and Northern State Parkway.
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
$142,034
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
6.61%
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%
$2,840,680
$2.8M
Cap Rate 7%
$2,029,057
$2.0M
Cap Rate 9%
$1,578,156
$1.6M
Market Conditions
NOI Build-Up for 8,260 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
$230.9K $27.96/SF
− Vacancy
−$41.6K −$5.03/SF
EGI
$189.4K $22.93/SF
− OpEx
−$47.3K −$5.73/SF
NOI
$142.0K $17.20/SF
Area
Nassau 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 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%
$2,840,680
Cap Rate 7%
$2,029,057
Cap Rate 9%
$1,578,156
Alternative Uses
Best Use
Office B
$2.03M
$1.78M – $2.37M
NOI $142,034 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.46M
$4.78M – $6.37M
NOI $382,293 @ 7.0% cap · market cap 17.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
Explore this area
Business Placement
Demographics for 11797, NY
9,452
Population
3,194
Households
3
Avg Household Size
50
Median Age
66%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
1,853
Density / Sq Mi
$183,472
Median Household Income
$93,272
Median Earnings
$3,315
Median Rent
$1,005,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 8,260 SF office building near Cold Spring Harbor LIRR.
Where is this office building located?
The property is located at 136 Woodbury Rd Woodbury, 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: 96% leased occupancy rate, providing immediate income.; Located near the Cold Spring Harbor LIRR Station.; Convenient access to major roadways: Jericho Turnpike (NY 25), Long Island Expressway (I‑495), and Northern State Parkway.
