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    12 Myrtle St Mount Sinai, NY 11766

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    For Sale
    Contact for pricing

    87,000 SF Medical & Retail Opportunity

    Property size:
    87,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial development opportunity in Mount Sinai, NY, presents two contiguous parcels totaling 8.54 acres within a Planned Development District (PDD). The property boasts preliminary approvals and is strategically located on Route 25A, a major four-lane highway with high traffic volume (40,000+ ADT), just half a mile east of Route 112. Site #1, spanning 4.66 acres, offers projected development of 30,800 square feet of retail space. Site #2, encompassing 3.88 acres, is projected to yield 42,800 square feet of medical office space across two floors, along with an additional 14,600 square feet of retail space including drive-thru capabilities. The development plan includes a new four-way signalized intersection at Route 25A and Myrtle Street, to be constructed by the experienced master developer of the PDD. Public sewer connections are readily available. This prime location benefits from its proximity to major medical facilities, including JT. Mather (Northwell), St. Charles (CHS), and Stony Brook University Hospitals, ensuring strong demographics and high potential for success. The property is zoned J2 Brookhaven/PDD and is sub-dividable, offering flexibility for various development scenarios. This is a rare opportunity to acquire two parcels within a thriving commercial area, poised for significant growth and return on investment. The total buildable square footage is projected to be 87,000 square feet across two buildings.

    Property Features for 12 Myrtle St

    General Information

    Property type
    Medical offices
    Square Feet
    87,000 SF
    Lot Size
    372,002 SF

    Building Details

    Buildings
    2
    Stories
    2

    HighLights

    • Part of a Planned Development District (PDD) with an experienced master developer.
    • Two subdividable parcels.
    • Public sewer connection available.
    • New four‑way signalized intersection at Route 25A and Myrtle Street, provided by the master developer.
    • Direct access to a major four‑lane highway with over 40,000 ADT.
    • Near JT. Mather (Northwell), St. Charles (CHS), and Stony Brook University Hospitals.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Sinai
    County
    Suffolk
    State
    New York
    Longitude
    -73.0295489
    Latitude
    40.9323037

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    FAQs

    What type of property is this?
    Medical office - 87,000 SF Medical & Retail Opportunity
    Where is this medical office located?
    The property is located at 12 Myrtle St Mount Sinai, NY.
    What are key features of this property?
    This property features: Part of a Planned Development District (PDD) with an experienced master developer.; Two subdividable parcels.; Public sewer connection available.
    Request Owner's contact information
    12 Myrtle St Mount Sinai, NY 11766
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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
    12 Myrtle St Mount Sinai, NY 11766
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