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Horn Professional Building 103 Fort Salonga Rd 6,902 SF 100% Leased Office Building Northport, NY 11768 $1,849,594 CAD ($267.98 CAD/SF) 5.98% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupancy - 100% Rent Collection Rate
- Owner Occupancy Available
- Located on 25A
EXECUTIVE SUMMARY
Freestanding 2-story brick & stucco professional building on high-visibility Fort Salonga Road (NY-25A), with an adjacent lot included for expansion or development. The property features a mix of income-producing suites and owner occupancy potential, with multiple units currently available. All tenants are current on rent with a 100% collection rate and no arrears—a rare level of financial stability. Estimated 6.18% cap rate with upside through rent increases, NNN lease conversion, and cosmetic upgrades. Ample on-site parking, low vacancy, and proximity to Sunken Meadow State Park make this a prime opportunity for investors or professional users. Adjacent lot adds flexibility for future use or redevelopment
Investment Highlights:
- 100% rent collection rate with no arrears
- Estimated 6% cap rate with rental upside
- Multiple suites available for owner occupancy
- Below-market rents allow for income growth
- Potential to convert leases to NNN structure
- Side lot included for expansion or development
- Long-term tenants with intent to remain
- High-visibility location on Fort Salonga Road (NY-25A)
- Ample on-site parking and low vacancy
- Cosmetic upgrades can increase value and appeal
- Strong local demographics and traffic exposure
Investment Highlights:
- 100% rent collection rate with no arrears
- Estimated 6% cap rate with rental upside
- Multiple suites available for owner occupancy
- Below-market rents allow for income growth
- Potential to convert leases to NNN structure
- Side lot included for expansion or development
- Long-term tenants with intent to remain
- High-visibility location on Fort Salonga Road (NY-25A)
- Ample on-site parking and low vacancy
- Cosmetic upgrades can increase value and appeal
- Strong local demographics and traffic exposure
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| 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 - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
6,902 SF
Building Class
B
Year Built
1965
Price
$1,849,594 CAD
Price Per SF
$267.98 CAD
Cap Rate
5.98%
NOI
$110,606 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,301 SF
Slab To Slab
10’
Building FAR
0.36
Lot Size
0.44 AC
Zoning
Office - Office space
Medical Space
Storage Space
Parking
35 Spaces (5.07 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Property Manager on Site
- Security System
- Signage
- Storage Space
- Basement
- Central Heating
- Natural Light
- Secure Storage
- Air Conditioning
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Presented by
Amo Realty
Horn Professional Building | 103 Fort Salonga Rd
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