Two Buildings with 17
Medford Ave Patchogue, NY
For Sale
Contact for pricing
Two one-story masonry buildings with parking for 120 cars.
Property Size21,766 SF
Lot Size1.47 Acres
Price / SF$379.03
Days on Market604
Property Features for Medford Ave
General Information
- Standard status
- Active
- Size
- 21,766 SF
- Lot size
- 1.47 Acres
- Property subtype
- OFFICE
Properties For Sale
at Medford Ave Contact us
Listing Agency:
United Properties Corp.
(516) 223-6200
Listed By:
Ryan Rodger
Source:
Moodyscre
Added: Nov 27, 2024
Changed: Jul 6
Last Checked: Jul 21 at 5:47AM
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 United Properties Corp.
Investment Insights
Based on property information with market context.
This property features two one-story masonry buildings comprising 17 stores. The site includes parking space for 120 cars.
Key Highlights
- Two one‑story masonry buildings
- Features 17 stores
- Parking for 120 cars
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $608.6k | $27.96 |
| − Vacancy | −$109.5k | −$5.03 |
| EGI | $499.0k | $22.93 |
| − OpEx | −$124.8k | −$5.73 |
| NOI | $374.3k | $17.20 |
21,766 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.35M
$4.68M – $6.24M
NOI $374,275 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.63M
$5.80M – $7.74M
NOI $464,165 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Two one-story masonry buildings with parking for 120 cars.
Where is this office building located?
The property is located at Medford Ave Patchogue, NY.
What is the asking price?
The asking price for this property is $8,250,000.
What are key features of this property?
This property features: Two one‑story masonry buildings; Features 17 stores; Parking for 120 cars
