Multi-Tenant Office Building For Sale | 120-124 Laurel Rd
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Multi-Tenant Office Building For Sale 120-124 Laurel Rd
10,178 SF 31% Leased Retail Building East Northport, NY 11731 $1,700,000 ($167/SF) 6.46% Cap Rate
Investment Highlights
- Recent Total Renovation
- 7 Unit office Building, 2 levels, 15 Parking spaces, Great Cash flow for Owner/user or Investor
- Heavy Traffic Location.
- Call or Text Anthony at (631) 704-8474 for more information today!
Executive Summary
Newly Renovated property, 7 Unit office building; perfect for any owner user. Possible conversion to residential units! Great investment, under 1 mile from the Northport Train Station, with 15 on-site parking spaces. OWNER FINANCING AVAILABLE AT 8%!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
10,178 SF
Building Class
C
Year Built
1980
Price
$1,700,000
Price Per SF
$167
Cap Rate
6.46%
NOI
$109,856
Percent Leased
31%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.73
Land Acres
0.32 AC
Zoning
R5 - Multifamily Residential or Commercial Opportunity
Parking
11 Spaces (1.57 Spaces per 1,000 SF Leased)
Frontage
195 FT on Laurel Road
Amenities
- Signage
Walk Score ®
Very Walkable (75)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $12,305 | |
| Land Assessment | $3,150 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $9,155 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,150
Improvements Assessment
$9,155
Total Assessment
$12,305
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
-
Anthony Roros -
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Multi-Tenant Office Building For Sale | 120-124 Laurel Rd
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