# 33 W 2nd St, Riverhead, NY 11901 > **TL;DR:** 0bd/5ba commercial, $6,495,000 ($248/sqft), 26,235 sqft. Est. $34,736/mo. Listed 607 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $6,495,000 | | Price/sqft | $248 | | Bathrooms | 5 half | | Square Feet | 26,235 | | Stories | 2 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 607 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $32,842 | | Estimated Insurance | $1,894 | | **Total** | **$34,736** | ## Property Highlights - 2 stories ## Description ### Agent Description 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 ## Location - **Address:** 33 W 2nd St, Riverhead, NY 11901 - **County:** Suffolk - **Coordinates:** 40.918287, -72.664031 - **Google Maps:** https://www.google.com/maps?q=40.918287,-72.664031 ## Listing Agent - **Name:** Hal Zwick - **Brokerage:** Compass - **Phone:** (212) 913-9058 - **Broker Phone:** (212) 913-9058 - **Listing URL:** [View original listing](https://listings.listhub.net/pages/NYSMLS/11415104/?channel=propsimple) ## Photos ![33 W 2nd St - Photo 1](http://lh.rdcpix.com/1deb333975ea1ac368d366e38d476929l-f2809838223r.jpg) ![33 W 2nd St - Photo 2](http://lh.rdcpix.com/1deb333975ea1ac368d366e38d476929l-f1169641130r.jpg) ![33 W 2nd St - Photo 3](http://lh.rdcpix.com/1deb333975ea1ac368d366e38d476929l-f2611878064r.jpg) ![33 W 2nd St - Photo 4](http://lh.rdcpix.com/1deb333975ea1ac368d366e38d476929l-f3925066243r.jpg) ![33 W 2nd St - Photo 5](http://lh.rdcpix.com/1deb333975ea1ac368d366e38d476929l-f3881421208r.jpg) ![33 W 2nd St - Photo 6](http://lh.rdcpix.com/1deb333975ea1ac368d366e38d476929l-f3678567231r.jpg) ![33 W 2nd St - Photo 7](http://lh.rdcpix.com/1deb333975ea1ac368d366e38d476929l-f2382797319r.jpg) ![33 W 2nd St - Photo 8](http://lh.rdcpix.com/1deb333975ea1ac368d366e38d476929l-f449601135r.jpg) ![33 W 2nd St - Photo 9](http://lh.rdcpix.com/1deb333975ea1ac368d366e38d476929l-f3807438261r.jpg) ![33 W 2nd St - Photo 10](http://lh.rdcpix.com/1deb333975ea1ac368d366e38d476929l-f604590123r.jpg) ![33 W 2nd St - Photo 11](http://lh.rdcpix.com/1deb333975ea1ac368d366e38d476929l-f55041396r.jpg) ![33 W 2nd St - Photo 12](http://lh.rdcpix.com/1deb333975ea1ac368d366e38d476929l-f4180218937r.jpg) ![33 W 2nd St - Photo 13](http://lh.rdcpix.com/1deb333975ea1ac368d366e38d476929l-f4172503946r.jpg) ![33 W 2nd St - Photo 14](http://lh.rdcpix.com/1deb333975ea1ac368d366e38d476929l-f3903284229r.jpg) ![33 W 2nd St - Photo 15](http://lh.rdcpix.com/1deb333975ea1ac368d366e38d476929l-f3866449989r.jpg) ![33 W 2nd St - Photo 16](http://lh.rdcpix.com/1deb333975ea1ac368d366e38d476929l-f4218060286r.jpg) ![33 W 2nd St - Photo 17](http://lh.rdcpix.com/1deb333975ea1ac368d366e38d476929l-f3324512060r.jpg) ![33 W 2nd St - Photo 18](http://lh.rdcpix.com/1deb333975ea1ac368d366e38d476929l-f859656807r.jpg) ![33 W 2nd St - Photo 19](http://lh.rdcpix.com/1deb333975ea1ac368d366e38d476929l-f189401163r.jpg) ![33 W 2nd St - Photo 20](http://lh.rdcpix.com/1deb333975ea1ac368d366e38d476929l-f330764970r.jpg) ![33 W 2nd St - Photo 21](http://lh.rdcpix.com/1deb333975ea1ac368d366e38d476929l-f945772049r.jpg) --- **MLS#:** 11415104 | **Updated:** 2026-09-22 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/33-w-2nd-st-riverhead-ny-11901-11415104) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/33-w-2nd-st-riverhead-ny-11901-11415104#listing", "url": "https://www.propertysimple.ai/listing/33-w-2nd-st-riverhead-ny-11901-11415104", "name": "33 W 2nd St, Riverhead, NY 11901", "description": "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. 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