$1,750,000

9 months ago

126 - 120 Laurel Rd, East Northport, NY

Name: 126 - 120 Laurel Rd, For Sale in East Northport - eXp Realty
Brand: All Island Estates Realty Corp
SKU: 855833
Price: 1750000 USD

0 Bed

0 Bath

23 Parking

MLS® 855833

Key Facts
Description
Map

Key Facts

Type Mixed Use

Levels Commercial Sale

Size -

Garage No

HOA Fees

Taxes $20,600

Days Active 273

Approx. Age 1986

MLS® Number 855833

Property Address: 126-120 Laurel Rd, East Northport, NY, 11731-1438

Average square foot calculated using Size range provided by listing agent.

Description

Calling All Investors, Developers & End-Users!!! 8.18 Cap 100% Occupied 7 Unit 6, 400 Sqft. Shopping Center 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!!!) Reply, Reply All or Forward

MLS® Number855833

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1986

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 8, 2025List Date

$1,750,000List Price

Commute

Commute

Starting Address

Destination Address

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