Project Description

Under Contract: Mixed-Use Building in East Northport, NY

2-20 Larkfield Rd, East Northport, New York 11731

Executive Summary:

Price: $2,099,500
Building Size: 9,975 SF
Property Type: Mixed-Use
Lot Size: 0.37 Acres
Year Built:
Cap Rate: 6.91%
NOI: $145,144
Location:
2-20 Larkfield Rd
East Northport, NY 11731

Investment Highlights

  • Roofing was Replaced in 2021 and Have 10-Year Warranty/Guarantee
  • Tenants Pay Utilities & Have a Tax, Insurance & Cost of Living Clause
  • Property is Surrounded by Various Neighborhood Retail
  • Long Standing Tenants at Location for Decades (20+ Years)
  • Conveniently Located Next to the Train Station and Close to Bus Lines

Investment Summary

American Investment Properties is exclusively retained to sell 2-20 Larkfield Rd in East Northport, New York. At this location is a mixed-use building which features retail, warehouse, and apartment space.

The roofing was recently replaced in 2021 and comes with a 10-year guarantee/warranty. There are a handful of long standing tenants at this location, having been there for over 20 years. Tenants pay all utilities.

This location is conveniently located next to the train station, buses, and surrounded by various neighborhood retail.

About East Northport, NY

East Northport is located in Suffolk County on Long Island, New York. It resides in the Township of Huntington.

East Northport is a great place to live and work because of its excellent residences, beautiful surroundings, and plenty of quality homes and establishments. East Northport is known as one of the fastest growing counties in New York. The community grew in the housing boom after World War II.

When it comes to education, East Northport provides quality schools with 37 percent of its residents (25 yrs. and older) having a bachelor’s or advanced college degree. Scholarships for local students have created goodwill with the local community.

The East Northport Educational Franchise offers unique abacus training that helps children to sharpen their mind in an exciting, fun, and effective way on how to do split second calculations with pinpoint accuracy without using any calculator or computer.

There are a variety of museums that make East Northport a good place for tourist attractions. Some of these are Cold Spring Harbor Museum, Heckscher Museum of Art, Huntington Historical Society and many more…

Contact Broker

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300
(F) 516.390.5780

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