New England Village | 3771 Nesconset Hwy
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New England Village 3771 Nesconset Hwy
22,790 SF 100% Leased Office Building South Setauket, NY 11720 $4,750,000 ($208/SF) 7.55% Cap Rate
EXECUTIVE SUMMARY
Medical/Professional Building situated on prime signalized corner (65k+VPD). Strategically located within close proximity to 3 area hospitals, SUNY Stony Brook, Northwell Mather and St Charles.
Below market rents of $21 psf (most units have their own entrances thus no loss factor)providing for nice future upside. SUNY Stony Brook currently occupies 20% of the building and is looking to potentially expand.
Below market rents of $21 psf (most units have their own entrances thus no loss factor)providing for nice future upside. SUNY Stony Brook currently occupies 20% of the building and is looking to potentially expand.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
22,790 SF
Building Class
C
Year Built
1986
Price
$4,750,000
Price Per SF
$208
Cap Rate
7.55%
NOI
$358,614
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,395 SF
Slab To Slab
10’
Building FAR
0.31
Lot Size
1.69 AC
Parking
120 Spaces (5.27 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 0200-308-00-02-00-057-001 | Improvements Assessment | $20,850 |
| Land Assessment | $2,650 | Total Assessment | $23,500 |
PROPERTY TAXES
Parcel Number
0200-308-00-02-00-057-001
Land Assessment
$2,650
Improvements Assessment
$20,850
Total Assessment
$23,500
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New England Village | 3771 Nesconset Hwy
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