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Medical Office Property - Long Island

Market Price

23 S. Howell Avenue, Centereach, NY 11720

Active
Last Updated: 10/23/2026

6

Cap Rate

567,610

NOI

Details:
Cap Rate:    6%
NOI:    $567,610
Building Size:    22,158 sqft
Lot Area:    3.66 acres
Occupancy:    100%
Class:    A
Units:    5
Year Built:    2013
Floors:    1
Parking Spots:    149
Highlights:
  • First-time sale by the original developer
  • 100% occupied medical office park
  • Primarily Tenanted w/ Major Healthcare System Tenants
  • 8.1 Year WALT
  • At the intersection of Nicolls Road (Rte 97) and Middle Country Road (Rte 25). Close to LIE (Rte 495)
Description:

First-time sale from original developer. 100% occupied medical office park with a 8 year WALT located in strong medical office submarket close to major highways and hospitals. Strong demographics.

Portfolio sale only with Southern Blvd Professional Park ("SBPP"), a 100% occupied 23,733 RSF medical office park located at 57-61 Southern Blvd., Nesconset, NY. See separate listing for details on SBPP.

Immediate access to Nicolls Road (Rte 97), Middle Country Road (Rte 25) and the Long Island Expressway (Rte 495). Only minutes to Stony Brook University Hospital.

Strategically located between five (5) major hospitals in Central Suffolk County, Stony Brook University Hospital, JT Mather (Northwell), St. Charles (CHS), St. Catherine's (CHS) and Long Island Community Hospital.

The immediate market area surrounding this property has a population base of 260,000 in a five-mile ring) and a 5-minute drive time to Stony Brook University Hospital. Health Care Spending Potential Index of 134 (National Average is 100). Average of $8,371 per capital spent on health care costs for a total of $285M in a five-mile ring. Aging population - 17.1% of population is 65 and over, rising to 19.2% by 2026.

Three one-story buildings totalling 22,158 RSF. Situated on 3.66 Acres - SW Corner of Middle Country Rd. (Rte. 25) & Nicolls Rd. (Rte. 97), Centereach, NY @ 4-way signalized intersection w/stacking lanes. High Visibility Location just over five minutes to University Hospital - Stony Brook. 40,300 AADT count on Route 25 (Middle Country Road). 76,800 AADT count on Route 97 (*Nicolls Road).

Separate gas and electric meters to each suite. Common water meter.

Separate electric service and meters to 16 units creating easy divisions

Separate gas service and meters to 11 units creating easy divisions

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