9 Brooksite Dr Smithtown, NY 11787
- Office buildings
- 1.55 lot acres
Current Use by Public Records
- Belding Franco Gleason Dragone / Family Practice Physician
- Gleason Francis X MD / Family Practice Physician
- St Catherine of Siena / Medical Laboratory
- Northwell Health Physician Partners Dermatology at Smithtown / Doctor
- Lawrence Martin Lieblich, MD / Dermatologist
Property Details for 9 Brooksite Dr
- Lot size
- 1.55 lot acres
- Property type
- Office buildings
- APN
- 0800-076.00-05.00-004.002
- APU
- 800076000500004002
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Smithtown
- County
- Suffolk
- State
- New York
- Longitude
- -73.2039
- Latitude
- 40.8555
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
