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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 $1,750,000 ($171.94/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 | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$150,000
|
$14.74
|
| Other Income |
$23,786
|
$2.34
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$173,786
|
$17.07
|
| Taxes |
$20,600
|
$2.02
|
| Operating Expenses |
$9,990
|
$0.98
|
| Total Expenses |
$30,590
|
$3.01
|
| Net Operating Income |
$143,196
|
$14.07
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $150,000 |
| Annual Per SF | $14.74 |
| Other Income | |
|---|---|
| Annual | $23,786 |
| Annual Per SF | $2.34 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $173,786 |
| Annual Per SF | $17.07 |
| Taxes | |
|---|---|
| Annual | $20,600 |
| Annual Per SF | $2.02 |
| Operating Expenses | |
|---|---|
| Annual | $9,990 |
| Annual Per SF | $0.98 |
| Total Expenses | |
|---|---|
| Annual | $30,590 |
| Annual Per SF | $3.01 |
| Net Operating Income | |
|---|---|
| Annual | $143,196 |
| Annual Per SF | $14.07 |
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
$1,750,000
Price Per SF
$171.94
Cap Rate
8.18%
NOI
$143,196
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 is a reciprocally structured insurance group co-founded in 1928 and headquartered in Woodland Hills, California. It delivers a diverse range of personal and commercial insurance solutions, including auto, homeowners, life, business, and specialty coverages. Farmers operates through the Farmers Insurance Exchange and associated reciprocal exchanges, with management services provided by Farmers Group, Inc., a subsidiary of Zurich Insurance Group. As a privately held reciprocal group, it serves millions of policyholders via a network of exclusive and independent agents. The company has evolved through strategic acquisitions, including Bristol West and 21st Century, and has been publicly recognized in industry rankings for agency distribution growth.
- 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 | $5,705 (2024) |
| Land Assessment | $1,750 (2024) | Annual Taxes | $20,600 ($2.02/SF) |
| Improvements Assessment | $3,955 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
0400-083-00-01-00-055-000
Land Assessment
$1,750 (2024)
Improvements Assessment
$3,955 (2024)
Total Assessment
$5,705 (2024)
Annual Taxes
$20,600 ($2.02/SF)
Tax Year
2025
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124 Laurel Rd, East Northport, NY 11731 | 120-124 Laurel Rd
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