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128 Carleton Ave 2,955 SF 100% Leased Office Building East Islip, NY 11730 $1,091,528 CAD ($369.38 CAD/SF) 5.70% Cap Rate
Investment Highlights
- Main road across the street from Landmark Restaurant (Irish Coffee Pub)
- Signage Allowed.
- Renovated 2020
Executive Summary
Multi-tenant use building. This professional office building with 7 individual offices and detached storage garage, 2 bathrooms, Kitchenette and Conference Room. Building has been completely renovated in 2020 to include heating, cooling, siding, some windows, common areas, kitchenette, bathrooms and conference room. 100% Occupied. Key Features: -GST Zone -7 private offices + spacious conference room -Modern kitchenette and 2 renovated bathrooms -Detached garage for storage or expanded use -Complete 2020 renovation: HVAC, exterior, interiors -Multi-tenant configuration with strong rental potential -High-traffic spot opposite a landmark restaurant.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$107,717
|
$36.45
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$107,717
|
$36.45
|
| Taxes |
$24,929
|
$8.44
|
| Operating Expenses |
$23,528
|
$7.96
|
| Total Expenses |
$48,457
|
$16.40
|
| Net Operating Income |
$59,260
|
$20.05
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $107,717 |
| Annual Per SF | $36.45 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $107,717 |
| Annual Per SF | $36.45 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,929 |
| Annual Per SF | $8.44 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $23,528 |
| Annual Per SF | $7.96 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $48,457 |
| Annual Per SF | $16.40 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $59,260 |
| Annual Per SF | $20.05 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Building Size
2,955 SF
Building Class
C
Year Built
1955
Price
$1,091,528 CAD
Price Per SF
$369.38 CAD
Cap Rate
5.70%
NOI
$62,217 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
950 SF
Slab To Slab
10’
Building FAR
0.15
Lot Size
0.44 AC
Zoning
GST - GST
Parking
17 Spaces (5.75 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Walk Score®
Very Walkable (80)
Property Taxes
| Parcel Number | 0500-346-00-01-00-079-003 | Total Assessment | $66,872 CAD (2024) |
| Land Assessment | $11,077 CAD (2024) | Annual Taxes | $24,929 CAD ($8.44 CAD/SF) |
| Improvements Assessment | $55,795 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
0500-346-00-01-00-079-003
Land Assessment
$11,077 CAD (2024)
Improvements Assessment
$55,795 CAD (2024)
Total Assessment
$66,872 CAD (2024)
Annual Taxes
$24,929 CAD ($8.44 CAD/SF)
Tax Year
2025
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128 Carleton Ave
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