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New England Village 3771 Nesconset Hwy

22,790 SF 93% Leased Office Building South Setauket, NY 11720 $5,000,000 ($219/SF) 7.17% 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.

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Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
22,790 SF
Building Class
C
Year Built
1986
Price
$5,000,000
Price Per SF
$219
Cap Rate
7.17%
NOI
$358,614
Percent Leased
93%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,395 SF
Slab To Slab
10’
Building FAR
0.31
Land Acres
1.69 AC
Parking
120 Spaces (5.27 Spaces per 1,000 SF Leased)

Amenities

  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 1,500 SF
  • Office
  • Full Build-Out
  • Now

1,500 sq ft dental office with 4 chairs, waiting room, Dr office, reception room, lab room . 1st floor suite, Flexible lease terms Available immediately. High visibility on Rt 347. Contact Mike at 631-371-3365

Space Size Space Use Condition Available
1st Floor 1,500 SF Office Full Build-Out Now

1st Floor

Size
1,500 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Floor

Size 1,500 SF
Space Use Office
Condition Full Build-Out
Available Now

1,500 sq ft dental office with 4 chairs, waiting room, Dr office, reception room, lab room . 1st floor suite, Flexible lease terms Available immediately. High visibility on Rt 347. Contact Mike at 631-371-3365

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0200-308-00-02-00-057-001
Land Assessment
$2,650
Improvements Assessment
$20,850
Total Assessment
$23,500
  • Listing ID: 33842102

  • Date on Market: 11/12/2024

  • Last Updated:

  • Address: 3771 Nesconset Hwy, South Setauket, NY 11720

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