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124 Laurel Rd, East Northport, NY 11731 120-124 Laurel Rd 10,178 SF 100% Leased Retail Building East Northport, NY 11731 $2,442,860 CAD ($240.01 CAD/SF) 8.18% Cap Rate
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! 8.18 Cap 100% Occupied 7 Unit 6,400 Sqft. Office Building Near The Northport LIRR Station For Sale!!!
- The Property Is Located In The Heart Of East Northport 2 Blocks From The Northport LIRR & Just Minutes From Veteran’s Park & The Vanderbilt Museum!!
- he Building Has 404 Feet Of Frontage On Busy Laurel Road & Vernon Valley Road & Has A Daily Traffic Count Of 16,000+ Vehicles Per Day!!!
- The Building Features Excellent Signage, Great Exposure, 23 Parking Spaces, High 10’ Ceilings, Strong C6 Zoning, 2 Levels, All New LED Lighting, 200 A
- Neighbors Include UPS, Verizon, Chase Bank, Subaru, The Home Depot, P.C. Richard & Son, Stop & Shop, Public Storage, Extra Space Storage, +++!!!
- This Property Offers HUGE Upside Potential!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers & End-Users!!! 8.18 Cap 100% Occupied 7 Unit 6,400 Sqft. Office Building Near The Northport LIRR Station For Sale!!! The Building Features Excellent Signage, Great Exposure, 23 Parking Spaces, High 10’ Ceilings, Strong C6 Zoning, 2 Levels, All New LED Lighting, 200 Amp, Power, CAC, +++!!! The Property Is Located In The Heart Of East Northport 2 Blocks From The Northport LIRR Station!!! The Property Is Situated Just Minutes From Veteran’s Park & The Vanderbilt Museum!!! Neighbors Include UPS, Verizon, Chase Bank, Subaru, The Home Depot, P.C. Richard & Son, Stop & Shop, Public Storage, Extra Space Storage, Orangetheory Fitness, T.J. Maxx, 7-Eleven, Walgreens, Shell, Gold’s Gym, Trader Joe’s, Sherwin-Williams, Aboff’s Paints, Wendy’s, Taco Bell, Dairy Queen, +++!!! The Building Has 404 Feet Of Frontage On Busy Laurel Road & Vernon Valley Road!!! This Property Has A Daily Traffic Count Of 16,000+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Unit A: Podcast Studio: $18,000 Ann.; 3% Ann. Inc.; Lease Exp.: 10/1/28.
Unit B: Music Studio: $12,000 Ann.; 3% Ann. Inc.; Lease Exp.: 10/1/28.
Unit C: Lighting Company: $28,800 Ann.; M-M.
Unit 2A: Lighting Company: $16,800 Ann.; M-M.
Unit 2B: East Coast Capital: $30,000 Ann.; M-M.
Unit 2C: SPA: $24,000 Ann.
Unit 2D: Farmer’s Insurance: $20,400 Ann.; 3% Ann. Inc.; Lease Exp.: 8/1/27 + (2) 3 Year Options.
Tax Rebate (Paid By The Tenants): $18,886 Ann.
Landscape Rebate (Paid By The Tenants): $1,500 Ann.
Garbage Rebate (Paid By The Tenants): $2,400 Ann.
Snow Removal Rebate (Paid By The Tenants): $1,000 Ann.
Expenses:
Gas: $0
Electric: $1,440 Ann. (Perimeter Lighting Only)
Maintenance & Repairs: $250 Ann.
Insurance: $3,200 Ann.
Water: $200 Ann.
Garbage: $2,400 Ann.
Snow & Landscape: $2,500 Ann.
Taxes: $20,600 Ann.
Total Expenses: $30,590 Ann.
Current Gross Income: $173,786 Ann.
Net Operating Income (NOI): $143,196 Ann. (8.18% Cap!!!)
Income:
Unit A: Podcast Studio: $18,000 Ann.; 3% Ann. Inc.; Lease Exp.: 10/1/28.
Unit B: Music Studio: $12,000 Ann.; 3% Ann. Inc.; Lease Exp.: 10/1/28.
Unit C: Lighting Company: $28,800 Ann.; M-M.
Unit 2A: Lighting Company: $16,800 Ann.; M-M.
Unit 2B: East Coast Capital: $30,000 Ann.; M-M.
Unit 2C: SPA: $24,000 Ann.
Unit 2D: Farmer’s Insurance: $20,400 Ann.; 3% Ann. Inc.; Lease Exp.: 8/1/27 + (2) 3 Year Options.
Tax Rebate (Paid By The Tenants): $18,886 Ann.
Landscape Rebate (Paid By The Tenants): $1,500 Ann.
Garbage Rebate (Paid By The Tenants): $2,400 Ann.
Snow Removal Rebate (Paid By The Tenants): $1,000 Ann.
Expenses:
Gas: $0
Electric: $1,440 Ann. (Perimeter Lighting Only)
Maintenance & Repairs: $250 Ann.
Insurance: $3,200 Ann.
Water: $200 Ann.
Garbage: $2,400 Ann.
Snow & Landscape: $2,500 Ann.
Taxes: $20,600 Ann.
Total Expenses: $30,590 Ann.
Current Gross Income: $173,786 Ann.
Net Operating Income (NOI): $143,196 Ann. (8.18% Cap!!!)
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$209,388
|
$20.57
|
| Other Income |
$33,203
|
$3.26
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$242,591
|
$23.83
|
| Taxes |
$28,756
|
$2.83
|
| Operating Expenses |
$13,945
|
$1.37
|
| Total Expenses |
$42,701
|
$4.20
|
| Net Operating Income |
$199,890
|
$19.64
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $209,388 |
| Annual Per SF | $20.57 |
| Other Income (CAD) | |
|---|---|
| Annual | $33,203 |
| Annual Per SF | $3.26 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $242,591 |
| Annual Per SF | $23.83 |
| Taxes (CAD) | |
|---|---|
| Annual | $28,756 |
| Annual Per SF | $2.83 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,945 |
| Annual Per SF | $1.37 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $42,701 |
| Annual Per SF | $4.20 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $199,890 |
| Annual Per SF | $19.64 |
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
$2,442,860 CAD
Price Per SF
$240.01 CAD
Cap Rate
8.18%
NOI
$199,890 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.73
Lot Size
0.32 AC
Zoning
C6
Parking
23 Spaces (2.26 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Corner Lot
- Security System
- Signage
- Storage Space
- Air Conditioning
- Balcony
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Control Spec Systems Inc
- Construction
- -
- -
- Plus Utilities
- -
- East Coast Capital
- Finance and Insurance
- -
- -
- Plus Utilities
- -
- East Coast Lamp Sales Inc
- Construction
- -
- -
- Plus Utilities
- -
- East Coast Lighting
- Construction
- -
- -
- Plus Utilities
- -
-
- Finance and Insurance
- -
- -
- Plus Utilities
- -
Farmers Insurance Group is a major U.S. insurer headquartered in Woodland Hills, California. Founded in 1928 by John C. Tyler and Thomas E. Leavey, the company began as Farmers Automobile Inter-Insurance Exchange and has grown into one of the largest property and casualty insurers in the country. Farmers offers a broad portfolio of insurance products, including auto, homeowners, renters, life, and commercial coverage, as well as financial services through affiliated entities. The organization operates as a group of reciprocal exchanges managed by Farmers Group, Inc., which is a wholly owned subsidiary of Zurich Insurance Group. Farmers serves millions of policyholders across all 50 states through a network of exclusive and independent agents.
- Moon River Spa
- Services
- -
- -
- Plus Utilities
- -
- Village Connection Media
- Arts, Entertainment, and Recreation
- -
- -
- Plus Utilities
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Control Spec Systems Inc | Construction | - | - | Plus Utilities | - | |
| East Coast Capital | Finance and Insurance | - | - | Plus Utilities | - | |
| East Coast Lamp Sales Inc | Construction | - | - | Plus Utilities | - | |
| East Coast Lighting | Construction | - | - | Plus Utilities | - | |
|
|
Finance and Insurance | - | - | Plus Utilities | - | |
| Moon River Spa | Services | - | - | Plus Utilities | - | |
| Village Connection Media | Arts, Entertainment, and Recreation | - | - | Plus Utilities | - |
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0400-083-00-01-00-055-000 | Total Assessment | $8,041 CAD (2024) |
| Land Assessment | $2,467 CAD (2024) | Annual Taxes | $28,756 CAD ($2.83 CAD/SF) |
| Improvements Assessment | $5,575 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
0400-083-00-01-00-055-000
Land Assessment
$2,467 CAD (2024)
Improvements Assessment
$5,575 CAD (2024)
Total Assessment
$8,041 CAD (2024)
Annual Taxes
$28,756 CAD ($2.83 CAD/SF)
Tax Year
2025
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124 Laurel Rd, East Northport, NY 11731 | 120-124 Laurel Rd
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