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Ad #7525309
MLS #11415104
Listing photo

NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest

33 W 2nd St, Riverhead, New York, 11901
$6,950,000
--Beds
5Baths
26,235Sqft
--Acres

About this property

NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest on the Entire East End - Institutional-Grade Credit Tenant in a Key Riverhead Opportunity Zone - Best-in-Class NNN Yield With Credit Tenancy - This 26,235sf office building offers a stabilized sale-leaseback with a credit tenant in place under a new 10-year NNN lease, delivering an approximate 8 CAP - a yield profile that is exceptionally rare across the East End. The tenancy is stable and self-servicing, creating a true hands-off ownership opportunity with landlord responsibilities minimized by full NNN expense coverage. Currently single-tenant, the building also presents long-term flexibility to convert to multi-tenant if desired thanks to two separate tax parcels. Expanded twice over time, the structure provides a vast and differentiated layout: the first floor and two second-floor wings include private offices, conference rooms, kitchens, waiting areas, foyers, and open workspaces, while a full egress basement supports additional office/storage, archives, mechanicals, and a kitchen. - Durable Building Infrastructure Supporting Long-Term Occupancy - An architecturally distinctive asset that blends historic character with modern systems, including elevator access, sprinklers, and preventative maintenance - supporting tenant retention and institutional-grade functionality. - Downtown Riverhead Location With Civic Anchors - Positioned in the heart of Riverhead's historic downtown on 0.32 acres, directly across from Town Hall, one block from Main Street, and half a block from the Suffolk County Supreme Court. The setting reinforces long-term relevance and supports future upside as the downtown corridor continues to evolve. - Opportunity Zone Upside - Located within Riverhead's designated Opportunity Zone - providing potential tax-advantaged considerations and appreciation leverage tied to ongoing revitalization and investment activity. - Scarce East End Investment Format With Liquidity Appeal - A long-term NNN sale-leaseback at an approximate 8 CAP is virtually unmatched in the Hamptons/East End investment landscape, making this offering especially compelling for 1031 exchange buyers, passive investors, and groups seeking predictable income with minimal management burden. - Asking Price $6,950,000. - Surrounding Businesses: RXR Riverhead Mixed Use Complex, M&T Bank, NYS Supreme Court, Riverhead Town Hall, Tweed's Restaurant, North Fork Brewing Company, Suffolk Theatre, Star. Confectionary. - Inquire with the Hamptons Commercial RE Team for additional information. - 2025 Town Tax Bill: $75,919.55. - 2024 Building Insurance: $16,000 2024 Repairs / Maintenance: $62,757. - Tax ID #'s: 0600-128.00-06.00-003.001 & 0600-128.00-06.00-004.001

Property Features

0 Beds
5 Baths
26,235 Sqft
0 Acres
2 Stories
Suffolk County

Additional Photos

Additional listing photo 1
Additional listing photo 2
Additional listing photo 3
Additional listing photo 4

Contact Information

Hal Zwick

Compass

212-913-9058

Location

Map
Listing Agent: Hal Zwick 212-913-9058
Broker: Compass 212-913-9058 Listing Site
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 26, 2026

Photo Gallery

NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 1
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 2
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 3
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 4
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 5
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 6
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 7
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 8
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 9
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 10
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 11
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 12
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 13
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 14
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 15
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 16
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 17
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 18
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 19
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 20
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 21

$6,950,000

--
Beds
5
Baths
26,235
Sqft

33 W 2nd St, Riverhead, New York, 11901

By contacting this agent you agree to these Terms and Conditions.
Home New York Riverhead
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 1
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 2
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 3
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 4
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest - photo 5
MLS# 11415104
Commercial For Sale

NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest

$6,950,000

33 W 2nd St, Riverhead, New York, 11901

--
Beds
5
Baths
26,235
Sqft
--
Acres
$6,950,000
33 W 2nd St, Riverhead, New York, 11901
-- Beds
5 Baths
26,235 Sqft
-- Acres
NNN Investment Sale. - 8 CAP Sale-Leaseback Which is the Highest on the Entire East End - Institutional-Grade Credit Tenant in a Key Riverhead Opportunity Zone - Best-in-Class NNN Yield With Credit Tenancy - This 26,235sf office building offers a stabilized sale-leaseback with a credit tenant in place under a new 10-year NNN lease, delivering an approximate 8 CAP - a yield profile that is exceptionally rare across the East End. The tenancy is stable and self-servicing, creating a true hands-off ownership opportunity with landlord responsibilities minimized by full NNN expense coverage. Currently single-tenant, the building also presents long-term flexibility to convert to multi-tenant if desired thanks to two separate tax parcels. Expanded twice over time, the structure provides a vast and differentiated layout: the first floor and two second-floor wings include private offices, conference rooms, kitchens, waiting areas, foyers, and open workspaces, while a full egress basement supports additional office/storage, archives, mechanicals, and a kitchen. - Durable Building Infrastructure Supporting Long-Term Occupancy - An architecturally distinctive asset that blends historic character with modern systems, including elevator access, sprinklers, and preventative maintenance - supporting tenant retention and institutional-grade functionality. - Downtown Riverhead Location With Civic Anchors - Positioned in the heart of Riverhead's historic downtown on 0.32 acres, directly across from Town Hall, one block from Main Street, and half a block from the Suffolk County Supreme Court. The setting reinforces long-term relevance and supports future upside as the downtown corridor continues to evolve. - Opportunity Zone Upside - Located within Riverhead's designated Opportunity Zone - providing potential tax-advantaged considerations and appreciation leverage tied to ongoing revitalization and investment activity. - Scarce East End Investment Format With Liquidity Appeal - A long-term NNN sale-leaseback at an approximate 8 CAP is virtually unmatched in the Hamptons/East End investment landscape, making this offering especially compelling for 1031 exchange buyers, passive investors, and groups seeking predictable income with minimal management burden. - Asking Price $6,950,000. - Surrounding Businesses: RXR Riverhead Mixed Use Complex, M&T Bank, NYS Supreme Court, Riverhead Town Hall, Tweed's Restaurant, North Fork Brewing Company, Suffolk Theatre, Star. Confectionary. - Inquire with the Hamptons Commercial RE Team for additional information. - 2025 Town Tax Bill: $75,919.55. - 2024 Building Insurance: $16,000 2024 Repairs / Maintenance: $62,757. - Tax ID #'s: 0600-128.00-06.00-003.001 & 0600-128.00-06.00-004.001
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Property Details

HOME DETAILS

0 Beds
5 Baths
26,235 Sqft
0 Acres
2 Stories

FINANCIAL & COMMUNITY

Suffolk County

Location

Map
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Ad Statistics

Ad Number
7525309
Viewed
33 times
Listing Status
Active
Added
Jul 18, 2026
Last Refresh
Jul 26, 2026 07:56:09 AM

Listing Information

Data Source
My State MLS
Source Property ID
11415104
Listing Agent: Hal Zwick 212-913-9058
Broker: Compass 212-913-9058 Listing Site
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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SEARCH STATES
Alabama Alaska California Colorado Connecticut Delaware Florida Georgia Hawaii Louisiana Maine Maryland Mississippi New Hampshire New Jersey New York North Carolina Oregon Pennsylvania Rhode Island South Carolina Texas Virginia Washington
SERVICES
Buy Buy Advertise
COMPANY
Testimonials About Us Office Locations
SUPPORT
Help Contact Us
ADDITIONAL MARKETS
LakeHouse.com MountainHomes.com GolfHomes.com BarrierFreeHome.com
SUBSCRIBE
Receive notifications for new listings
Subscribe
X Facebook Instagram YouTube

Dream Home Network Inc.

is committed to ensuring digital accessibility and property listings for individuals with disabilities. All information provided is deemed reliable but is not guaranteed and should be independently verified. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please let us know.

Dream Home Network Inc. Sells leads to DHN Realty Inc. who holds real estate brokerage licenses in Alabama. Listing agents will be sent notification copy of leads on their listings where Dream Home Network Inc. is provided listings via our Feed Provider as required.

© 1997 - 2026 BeachHouse.com
Part of Dream Home Network, Inc.
Last updated on 2026.07.26
Terms & Policy