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31619944
31619943

2 Locations

MM
NY NY 10491211076
Douglas Elliman Commercial Division
Listed by Douglas Elliman Commercial Division
$10,000,000
71 days on market
Updated 41 days ago

Medical Portfolio - 220-226 N. Belle Mead Road

Details
Property Type Office
Sub Type Medical Office
Square Footage 22,456
Units 5
NOI $625,321
Tenancy Multi
Lease Type NNN
Remaining Term 9
Buildings 2
Acreage 2.130
Parking Spaces 84 spaces
Parking Per SqFt 3.74
Investment Type Stabilized

Office | 22,456 SqFt

Marketing description

Two Fully Leased Office Buildings | 220-226 N. Belle Mead Rd. Setauket- East Setauket, NY 1173

This is an excellent opportunity to acquire two fully leased Medical office buildings located in the highly desirable Setauket Technology Park.  Positioned at 220 N. Belle Mead Avenue and 226 N. Belle Mead Avenue, the portfolio offers stable tenancy, low operating expenses, and exceptional visibility within one of Long Island’s most established medical and technology corridors.

220 N. Belle Mead Avenue totals approximately 11,228 square feet on 1.03 acres with 40 parking spaces. The building is fully leased to Zwanger‑Pesiri Radiology, a premier regional medical provider, and the tenant recently executed a brand‑new seven‑year lease, on their existing lease which has two years remaining, reinforcing their long‑term commitment to the site and providing secure, predictable income for an investor.

Both properties benefit from tremendous visibility, excellent signage potential, and close proximity to Stony Brook University, Stony Brook University hospital, and a wide range of major retailers. The location also provides immediate access to key thoroughfares, including Nicolls Road and nearby regional highways, enhancing convenience for tenants and visitors alike. This portfolio is ideal for investors seeking stability, long‑term tenancy, and well‑positioned medical and professional assets in a high‑demand market.

This is an excellent opportunity to acquire two fully leased Medical office buildings located in the highly desirable Setauket Technology Park.  Positioned at 220 N. Belle Mead Avenue and 226 N. Belle Mead Avenue, the portfolio offers stable tenancy, low operating expenses, and exceptional visibility within one of Long Island’s most established medical and technology corridors.

226 N. Belle Mead Avenue presents an excellent opportunity to acquire a fully leased professional and medical office building in the highly desirable Setauket Technology Park. The property consists of approximately 11,228 square feet on 1.10 acres with 44 parking spaces, offering strong visibility, excellent signage potential, and close proximity to Stony Brook University, Stony Brook University Hospital, major retailers, and key regional thoroughfares. The building is occupied by four established tenants, providing diversified income, low operating expenses, and long‑term stability for an investor.

The tenancy includes Just Cats in Suite A under a long‑term lease through 2034, responsible for 22.7 percent of CAM charges, real estate taxes, and insurance, with 3 percent rent increases every three years. OneHealth Pharmacy occupies Suite B on a year‑to‑year basis and pays its proportionate share of CAM charges, real estate taxes, and insurance, with 2.5 percent annual increases. New York Cancer & Blood Specialists occupies Suite C under a lease running through 2032 and is responsible for 50.9 percent of CAM charges, real estate taxes, and insurance, with 2.5 percent annual increases. Envision Marketing occupies the garage space under an annual renewal structure, with utilities included in rent. Together, these tenants create a stable, diversified rent roll with minimal landlord responsibilities.

Investment highlights

  • Two fully leased professional/medical office buildings in the prestigious Setauket Technology Park
  • 220 N. Belle Mead: 11,200 SF on 1.03 acres with 40 parking spaces; brand‑new 7‑year lease with Zwanger‑Pesiri Radiology
  • 226 N. Belle Mead: 11,400 SF on 1.10 acres with 44 parking spaces; four established tenants and low operating expenses
  • Exceptional visibility with close proximity to Stony Brook University, Stony Brook Hospital, and major retailers Ideal long‑term investment offering stability, diversified income, and immediate access to key regional thoroughfares
  • Net Operating Income Combined is $625,321.00
  • Total Building Size: +/- 11,228 SF
  • # of Units/Tenants: One (1)
  • Lease Type: Triple Net (NNN)
  • Lot Size:  1.03 Acres
  • Parking Spaces: +/- 40 spaces
  • Years Remaining on Lease: Nine (9)
  • Net Operating Income: $330,000.00
  • Total Building Size: +/-11,228 SF
  • Lot Size: 1.10 Acres
  • # of Units/Tenants: Four (4)
  • Parking Spaces: +/- 44 Spaces
  • Net Operating Income: $295,321.00

Listing Contacts

MM
NY NY 10491211076
Douglas Elliman Commercial Division
Listed by Douglas Elliman Commercial Division

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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$625,321.00
$52,110.08/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

Map

Zoning

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L1 IndustrialIndustrial 1
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Last updated Mar 16, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Michael Murphy
License
NY 10491211076
Brokerage
Douglas Elliman Commercial Division
Title
President/Licensed Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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