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28-40 E Suffolk Ave 17,727 SF 72% Leased Office Building Central Islip, NY 11722 $5,700,000 ($321.54/SF) 7.02% Cap Rate
Investment Highlights
- This property is located along E Suffolk Ave with visibility along Church St as well.
Executive Summary
Three Story Masonry Building – 8 Stores & 4 Offices.
Tenants pay own electric & fuel; offices pay own electric; tenants do interior repairs.
Tenants pay own electric & fuel; offices pay own electric; tenants do interior repairs.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
17,727 SF
Building Class
C
Year Built
1975
Price
$5,700,000
Price Per SF
$321.54
Cap Rate
7.02%
NOI
$400,043
Percent Leased
72%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,840 SF
Building FAR
0.58
Lot Size
0.70 AC
Zoning
BU1 - Office/Retail/Business
Parking
26 Spaces (1.47 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Inline retail. Divisible down to 400 sq. ft. offices. Call owner for rental rate.
3rd floor offices. Rentable down to 400 sq ft. Call owner for rental rate.
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 1-7 | 400-3,000 SF | Office | - | Now |
| 3rd Floor | 400-2,000 SF | Office | - | Now |
2nd Fl-Ste 1-7
| Size |
| 400-3,000 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
3rd Floor
| Size |
| 400-2,000 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
2nd Fl-Ste 1-7
| Size | 400-3,000 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
Inline retail. Divisible down to 400 sq. ft. offices. Call owner for rental rate.
3rd Floor
| Size | 400-2,000 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
3rd floor offices. Rentable down to 400 sq ft. Call owner for rental rate.
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0500-098-00-02-00-077-000 | Improvements Assessment | $119,600 |
| Land Assessment | $56,400 | Total Assessment | $176,000 |
Property Taxes
Parcel Number
0500-098-00-02-00-077-000
Land Assessment
$56,400
Improvements Assessment
$119,600
Total Assessment
$176,000
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28-40 E Suffolk Ave
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