Log In/Sign Up
Your email has been sent.
Horn Professional Building 103 Fort Salonga Rd 6,902 SF 100% Leased Office Building Northport, NY 11768 $1,325,000 ($191.97/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 | 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 - 2025) 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
Property Type
Building Size
6,902 SF
Building Class
B
Year Built
1965
Price
$1,325,000
Price Per SF
$191.97
Cap Rate
5.98%
NOI
$79,235
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
Property Taxes
| Parcel Number | 0800-004-00-01-00-003-000 | Total Assessment | $5,251 (2024) |
| Land Assessment | $350 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $4,901 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
0800-004-00-01-00-003-000
Land Assessment
$350 (2024)
Improvements Assessment
$4,901 (2024)
Total Assessment
$5,251 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 32
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Amo Realty
Horn Professional Building | 103 Fort Salonga Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.