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362-364 Larkfield Rd 5,000 SF 100% Leased Retail Building East Northport, NY 11731 $2,884,812 CAD ($576.96 CAD/SF) 6% Cap Rate
Investment Highlights
- Huge lot for storage or building construction
- Major upgrades including new roof, Navien boiler, ductless AC/Heat
- Recently renovated
Executive Summary
· Mixed-Use Investment Opportunity ·
· ~5,000 Sqft Building / 0.6 Acres ·
· Huge Lot (17,000 Sqft) for storage or to construct a building addition. The yard is fully gated with 24/7
camera monitoring. ·
Sale Price $2,100,000
Gross Income $162,204/yr
Total Expenses $36,527/yr
NOI $125,677/yr
Cap Rate 6%
Annual Expenses:
Taxes: $20,500
Insurance: $10,500
Trash Removal: $2,650
Utilities: $2,875
· ~5,000 Sqft Building / 0.6 Acres ·
· Huge Lot (17,000 Sqft) for storage or to construct a building addition. The yard is fully gated with 24/7
camera monitoring. ·
Sale Price $2,100,000
Gross Income $162,204/yr
Total Expenses $36,527/yr
NOI $125,677/yr
Cap Rate 6%
Annual Expenses:
Taxes: $20,500
Insurance: $10,500
Trash Removal: $2,650
Utilities: $2,875
Data Room Click Here to Access
- Offering Memorandum
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 or Owner User
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built
1955
Price
$2,884,812 CAD
Price Per SF
$576.96 CAD
Cap Rate
6%
NOI
$173,089 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.19
Lot Size
0.60 AC
Zoning
C6
Parking
7 Spaces (1.4 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Storage Space
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0400-118-00-01-00-016-000 | Total Assessment | $12,054 CAD (2024) |
| Land Assessment | $6,353 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $5,701 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
0400-118-00-01-00-016-000
Land Assessment
$6,353 CAD (2024)
Improvements Assessment
$5,701 CAD (2024)
Total Assessment
$12,054 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Videos
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Photos
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Map
Presented by
Tom Vetere
362-364 Larkfield Rd
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