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19 Suffolk St 5,098 SF Office Building Freeport, NY 11520 $1,500,000 ($294.23/SF) 11.02% Cap Rate
Investment Highlights
- Calling All Investors, Developers, End-Users!!! 11.02 Cap Corner Mixed-Use Property With Huge Private Parking Lot 1 Block From The Nautical Mile For S
- The Property Is Located In The Heart Of Freeport Only Minutes From Merrick Rd., Sunrise Hwy., & The Meadowbrook Pkwy.!!!
- The Entire Property Can Be Delivered Vacant If Need Be.
- The Property Features Excellent Signage, Great Exposure, High 9’ Ceilings, 28 Parking Spaces In A Private Lot, Marine Industrial (I) Zoning, +++!!!
- Neighbors Include Land Rover, Porsche, BMW, Lexus, Chevrolet,, Mitsubishi, UPS, The Home Depot, Target, CVS, Petco, Best Buy, Sunoco, Staples, +++!!
- This Property Offers HUGE Upside Potential!!!
Executive Summary
Calling All Investors, Developers, End-Users!!! 11.02 Cap Corner Mixed-Use Property With Huge Private Parking Lot 1 Block From The Nautical Mile For Sale!!! The Property Features Excellent Signage, Great Exposure, High 9’ Ceilings, 28 Parking Spaces In A Private Lot, Marine Industrial (I) Zoning, 2 Br. Apartment, Office, Large Yard, 4 Stories, Accessible Bathrooms, Storage Area, Strategically Placed Curb Cuts, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Freeport Only Minutes From Merrick Rd., Sunrise Hwy., & The Meadowbrook Pkwy.!!! The Building Is Situated On A Huge 11,500 Sqft. Corner Lot!!! Neighbors Include Land Rover, Porsche, BMW, Lexus, Chevrolet,, Mitsubishi, UPS, The Home Depot, Target, CVS, Petco, Best Buy, Sunoco, Staples, Mavis Discount Tire, HomeGoods, Marshalls, Dunkin’, McDonald’s, Burlington, Burger King, Gap, +++!!! The Entire Property Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property, Development Site Or Home For Your Business!!!
Income:
1st Fl.: $54,000 Ann. (Available)
2nd Fl. (Office): $48,000 Ann. (Available)
3rd Fl. (2 Br. Apt.): $31,200 Ann. M-M.
Yard: $60,000 Ann. (Available)
Pro Forma Gross Income: $193,200 Ann.
Expenses:
Taxes: $27,919.30 Ann.
Total Expenses: $27,919.30 Ann.
Net Operating Income (NOI): $165,280.70 Ann. (Pro Forma 11.02% Cap!!!)
Income:
1st Fl.: $54,000 Ann. (Available)
2nd Fl. (Office): $48,000 Ann. (Available)
3rd Fl. (2 Br. Apt.): $31,200 Ann. M-M.
Yard: $60,000 Ann. (Available)
Pro Forma Gross Income: $193,200 Ann.
Expenses:
Taxes: $27,919.30 Ann.
Total Expenses: $27,919.30 Ann.
Net Operating Income (NOI): $165,280.70 Ann. (Pro Forma 11.02% Cap!!!)
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$193,200
|
$37.90
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$193,200
|
$37.90
|
| Taxes |
$27,919
|
$5.48
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$27,919
|
$5.48
|
| Net Operating Income |
$165,281
|
$32.42
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $193,200 |
| Annual Per SF | $37.90 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $193,200 |
| Annual Per SF | $37.90 |
| Taxes | |
|---|---|
| Annual | $27,919 |
| Annual Per SF | $5.48 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $27,919 |
| Annual Per SF | $5.48 |
| Net Operating Income | |
|---|---|
| Annual | $165,281 |
| Annual Per SF | $32.42 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
5,098 SF
Building Class
C
Year Built/Renovated
1960/2016
Price
$1,500,000
Price Per SF
$294.23
Cap Rate
11.02%
NOI
$165,281
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,098 SF
Building FAR
0.44
Lot Size
0.26 AC
Zoning
Marine Industrial (I)
Parking
28 Spaces (5.49 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Security System
- Signage
- Storage Space
- Air Conditioning
- Balcony
- Smoke Detector
- Shower Facilities
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Bgc Properties Inc
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Bgc Properties Inc | - | - | - | - |
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2009-62-176-00-0325-0 | Total Assessment | $6,333 |
| Land Assessment | $2,043 | Annual Taxes | $27,919 ($5.48/SF) |
| Improvements Assessment | $4,290 | Tax Year | 2026 |
Property Taxes
Parcel Number
2009-62-176-00-0325-0
Land Assessment
$2,043
Improvements Assessment
$4,290
Total Assessment
$6,333
Annual Taxes
$27,919 ($5.48/SF)
Tax Year
2026
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19 Suffolk St