Office Building in East Northport

120-124 Laurel Rd East Northport, NY 11731

120-124 Laurel Rd, East Northport, NY, 11731
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,999,000
Cap Rate:
6.10%
Last Verified:
Mar 14, 2023

• Multi-Tenant Office Building in East Northport • Tenants are Responsible For Utilities & Common Area Maintenance • Landlord is Responsible For Real Estate Taxes & Insurance • 15 On-Site Parking Spaces • 106 Feet of Frontage on Both Laurel Rd & Vernon Valley Rd • Under 1 Mile From the Northport Train Station • Vacant Store Provides a Great Lease-Up Opportunity

Additional URLs

Map of 120-124 Laurel Rd, East Northport, NY, 11731

Presented by:
American Investment Properties

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Ron Koenigsberg


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.