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Dwell Snap Team

info@dwellsnap.com +1(860) 306-9136

$ 1,800,000

Est. payment -/mo

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120-126 Laurel RD East Northport, NY 11731

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID KEY855833

Originating Board onekey2

Rental Info No

Year Built 1986

Annual Tax Amount $20,600

Property Sub-Type Mixed Use

Property Description

Calling All Investors, Developers & End-Users!!! 7.96 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. (7.96% Cap!!!)

Location

State NY

County Suffolk County

Interior

Cooling Central Air

Fireplace No

Exterior

Utilities Available Natural Gas Connected

Total Parking Spaces 23

Building

Sewer Public Sewer

Water Public

Others

Special Listing Condition None

Listed by All Island Estates Realty Corp

Data provided by Home Junction

Dwell Snap Team

Agent | License ID: 10401320877

+1(860) 306-9136

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