Office Building in East Northport, NY

120-124 Laurel Rd, East Northport, NY 11731

Executive Summary:

Price:	$1,999,000
Building Size:	7,550 SF
Property Type:	Office
Lot Size:	0.26 Acres
Year Built:	1980
Cap Rate:	6.10%
NOI:	$121,987
Location:	120-124 Laurel Rd, East Northport, NY 11731

Investment Highlights

Multi-Tenant Office Building in East Northport
Tenants are Responsible For Utilities & CAM
Landlord is Responsible For Real Estate Taxes & Insurance
15 On-Site Parking Spaces
106 Feet of Frontage on Both Laurel Rd & Vernon Valley Rd
Under 1 Mile From the Northport Train Station
Vacant Store Provides for a Great Lease-Up Opportunity

Investment Summary

American Investment Properties is retained to sell 120-124 Laurel Rd in East Northport, New York. At this location is a 68% leased office building with 7 units and 2,400 square feet of available for lease. This building is under 1 mile from the Northport Train Station and has 15 onsite parking spaces. The tenants are responsible for the utilities and common area maintenance while the landlord is responsible for the insurance and taxes.

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…