Office Building in Huntington, NY

44 ELM ST, HUNTINGTON, NEW YORK 11743

Executive Summary:

Price:	$2,999,000
Building Size:	11,090 SF
Property Type:	Office
Lot Size:	0.33 Acres
Year Built:	1975
Projected Cap Rate:	6.62%
Projected NOI:	$198,416
Location:	44 Elm St, Huntington, NY 11743

Investment Highlights

For Sale: Office Building in Huntington, NY
Vacancies Provide for Great Lease-Up Opportunities
Current Owner is a Tenant and is Looking to Remain at Sale
Great Opportunity for Owner-User
On-Site Parking with 20 Spaces & Municipal Parking Lot Across the Street
Located in the Heart of Huntington

Investment Summary

American Investment Properties is retained to sell the property located at 44 Elm St, Huntington, NY. At this location is a multitenant office building with a few vacancies. These vacancies provide for great lease-up opportunities. The current owner is a tenant at this building and is looking to remain a tenant at sale. There is on-site parking as well as a municipal parking lot located across the street.

About Huntington, NY

The Town is located at the western end of Suffolk County adjacent to the Nassau-Suffolk County boundary. It is approximately 40 miles from Manhattan and 40 miles from Riverhead, the Suffolk County seat. The History of Huntington is closely associated with the early development of the American colonies. The community was originally settled in 1653, well within the lifetime of the earliest New England colonist. In the beginning, water-borne transportation gave life to the community. The natural harbors offered ready access to the farmlands of the Long Island interior. The harbor was the setting for the early Huntington community which became the focal point for the movement of agricultural products into the commerce of the colonies. Although agriculture was its mainstay and water-borne transportation its lifeline for two centuries, in later years the whaling industry and expanded manufacturing activity broadened the local economy and gave impetus to the expansion of the harbor communities of Cold Spring Harbor, Huntington, and Northport.