Project Description

Northport, NY Office Building For Sale
(Just Sold)

700 Fort Salonga Road, Northport, NY 11768

Property Summary:

Price: $1,100,000
Building Size: 3,600 SF
Property Type: Office
Lot Size: 0.33 Acres
Year Renovated: 1995
Projected Cap Rate: 8.10%
Projected NOI: $89,079
700 Fort Salonga Rd
Northport, NY 11768

Property Description

American Investment Properties is retained to sell 700 Fort Salonga Rd, in Northport, NY.

At this location is 3,600 SF of office space. This class B building offers savvy investors value-add opportunities through renovations and other improvements.

Tenants currently pay insurance, repairs, and other maintenance fees. The landlord is only responsible for taxes.

The property is currently 62 percent occupied, with only one vacancy.

Ideal tenants to fill the vacancy are: accountants, attorneys, insurance agents or other office professionals.

The property boasts 21 parking spaces to accommodate office employees. This property’s strong parking is a key trait, due to it’s distance from other transportation means.

Location Overview

Northport is a village located in Suffolk County, on the North Shore of Long Island, New York. It is within the Town of Huntington. Most of the village is made up of the low, steep hills of Long Island’s northern terminal. To the west is the highly sheltered Northport Harbor, to the north is Long Island Sound, and to the east are woods and marshland.

As of the 2010 census, there were 7,401 people, 2,701 households and 1,908 families residing in the area. The median income for a household in the village was $109,128 and the median income for a family was $135,459. Males had a median income of $98,466 and $77,788 for females.

The latitude of Northport is 40.900N. The longitude is – 73.343W. Elevation is 59 feet.

Contact Broker

Bill Katz Vice President of American Investment PropertiesWilliam Katz
Vice President
(O) 516.393.2300 
(F) 516.390.5780

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
(O) 516.393.2300 x202
(C) 516-605-9933
(F) 516.390.5780

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