33 W 2nd St
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33 W 2nd St
26,235 SF 100% Leased Office Building Riverhead, NY 11901 For Sale
Investment Highlights
- Great Opportunity with Strong NNN Tenant with 10 Year Lease!
- Located in the Heart of Downtown Riverhead
- Building and Grounds are Well Maintained
Executive Summary
Great Income Producing, 9% Cap Rate Investment Opportunity, with Financially Strong NNN Tenant in Place, with new 10 year lease! Ideal for all investors and 1031 Exchange buyers!
+/- 26,235 SF Elevator Office Building for Sale with 50 year old company as tenant. This property is located in the heart of Historic Downtown Riverhead, NY across from Town Hall, 1/2 a block from Suffolk County Supreme Court and just one block from Main Street!
Historic downtown Riverhead (DTR) blends past and future. Prominent architecture melds into the East End of Long Island’s most Metropolitan-like setting. The Peconic River serves as a beautiful backdrop to the downtown area, lending itself to the newly refurbished town park and outdoor events. Established in 1792, there is diversity in its art, culture, and community that has been carried into the modern day. A transportation and growing tourism hub, DTR has become a place to eat, play, work, and stay for businesses and residents. This is a one of a kind opportunity, there are not many office buildings in this style of architecture and size. Contact us for more information!
+/- 26,235 SF Elevator Office Building for Sale with 50 year old company as tenant. This property is located in the heart of Historic Downtown Riverhead, NY across from Town Hall, 1/2 a block from Suffolk County Supreme Court and just one block from Main Street!
Historic downtown Riverhead (DTR) blends past and future. Prominent architecture melds into the East End of Long Island’s most Metropolitan-like setting. The Peconic River serves as a beautiful backdrop to the downtown area, lending itself to the newly refurbished town park and outdoor events. Established in 1792, there is diversity in its art, culture, and community that has been carried into the modern day. A transportation and growing tourism hub, DTR has become a place to eat, play, work, and stay for businesses and residents. This is a one of a kind opportunity, there are not many office buildings in this style of architecture and size. Contact us for more information!
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$625,000
|
$23.82
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $625,000 |
| Annual Per SF | $23.82 |
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Office
Building Size
26,235 SF
Building Class
C
Year Built/Renovated
1920/2005
NOI
$625,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
8,745 SF
Building FAR
1.88
Land Acres
0.32 AC
Opportunity Zone
Yes
Zoning
DC-3 Office - https://ecode360.com/29712476
Parking
22 Spaces (0.84 Spaces per 1,000 SF Leased)
1 of 1
Walk Score ®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 0600-128-00-06-00-003-001 | Improvements Assessment | $114,000 (2023) |
| Land Assessment | $75,000 (2023) | Total Assessment | $189,000 (2023) |
PROPERTY TAXES
Parcel Number
0600-128-00-06-00-003-001
Land Assessment
$75,000 (2023)
Improvements Assessment
$114,000 (2023)
Total Assessment
$189,000 (2023)
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Christopher Pesce -
Kenneth Hester -
Douglas Elliman Commercial
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33 W 2nd St
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