Project Description

For Sale: Mixed-Use Building in East Northport, NY


Executive Summary:

Price: $6,499,000
Building Size: 16,000 SF
Property Type: Mixed-Use
Lot Size: 0.39 Acres
Year Built: 1955
Cap Rate: 5.53%
NOI: $359,304
360 Larkfield Rd
East Northport, NY 11731

Investment Notes

  • Consists of 4 Retail & 20 Residential Units (Apts Rents Are Below Market)
  • New Heating System, Outdoor Railings, Stairs, Gutters & Headers
  • On-Site Parking with 10 Spaces
  • There are 25 Electric Meters – 1 for a House Meter and Everyone Else is Separately Metered
  • Close Proximity to the Northport Train Station
  • Surrounded by Other Neighborhood Retail
  • New Roof was Installed in the Summer of 2021
  • Cameras Have Been Installed to Properly Monitor the Buildin
  • There are 8 Section-8 Apartments

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
(O) 516.393.2300
(F) 516.390.5780

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