Five-Suite Office
For Sale
$2,999,000
375-381. #8 11 12 26 28. E Main Street, Bayshore, NY 11706
Commercial Sale, Bay Shore, NY
Property Size9,711 SF
Price / SF$308.83
Days on Market1669
Property Features for 375-381. #8 11 12 26 28. E Main Street
General Information
Property type
Commercial Sale
Property subtype
Office
Directions
Oakland Ave To E Main St
Standard status
Active
APN
0500-368-01-02-00-002-005
Taxes and HOA fees
Tax Annual Amount
83793
Listing Agency:
Douglas Elliman Real Estate
(516) 746-0440
Listed By:
F Sibel S. Huryilmaz · License #40HU0955821
(516) 650-2966
Added: Mar 14, 2022
Changed: Oct 5
Last Checked: Oct 7 at 2:06PM
MLS# L3383141
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office portfolio comprises five commercial condominium suites within professional buildings. Four suites at 375 East Main Street total approximately 7,311 square feet, while the fifth, at 381 East Main Street, contains approximately 2,400 square feet. Together, the units offer approximately 9,711 square feet of office space.
All five suites are occupied under triple-net leases through September 2028. On-site parking serves the professional properties.
All five suites are occupied under triple-net leases through September 2028. On-site parking serves the professional properties.
Key Highlights
- Five office condominium suites across two professional buildings
- Approximately 9,711 square feet combined
- Four suites at 375 East Main Street total approximately 7,311 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,985
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,339,700
$3.3M
Cap Rate 7%
$2,385,500
$2.4M
Cap Rate 9%
$1,855,389
$1.9M
Market Conditions
NOI Build-Up for 9,711 SF
Gross rent
$271.5K $27.96/SF
− Vacancy
−$48.9K −$5.03/SF
EGI
$222.6K $22.93/SF
− OpEx
−$55.7K −$5.73/SF
NOI
$167.0K $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%
$3,339,700
Cap Rate 7%
$2,385,500
Cap Rate 9%
$1,855,389
Alternative Uses
Best Use
Office B
$2.39M
$2.09M – $2.78M
NOI $166,985 @ 7.0% cap · market cap 5.57%
Second Best
Healthcare Medical
$2.22M
$1.94M – $2.59M
NOI $155,317 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$2.96M
$2.59M – $3.45M
NOI $207,089 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Office units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,916
Businesses Nearby
Explore this area
Business Placement
Demographics for 11706, NY
66,263
Population
21,435
Households
3.1
Avg Household Size
37
Median Age
26%
College-Educated
82%
High-School Grad
16.9 sq mi
ZIP Area
3,921
Density / Sq Mi
$115,112
Median Household Income
$44,917
Median Earnings
$1,885
Median Rent
$464,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - Five occupied office condominium units are leased on a triple-net basis through September 2028, with on-site parking.
Where is this office units located?
The property is located at 375-381. #8 11 12 26 28. E Main Street Bayshore, NY.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Five office condominium suites across two professional buildings; Approximately 9,711 square feet combined; Four suites at 375 East Main Street total approximately 7,311 square feet
