Property profile

196 Laurel Ave Northport, NY 11768

OFF-MARKET
Investment properties
Property ID
US63-6051467
0.11 ac lot
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Northport Village commercial property, located at 196 Laurel Avenue, offers 1,736 square feet of fully renovated space ideal for various uses, including wellness centers, professional offices, or retail stores. Boasting high visibility, the property includes three rentable units and ten private parking spaces, providing ample convenience for tenants and customers. Its strategic location offers easy access to Route 25A (Fort Salonga Rd.) and Laurel Avenue, ensuring excellent accessibility. The building features a modern HVAC system, including a Daikin Fit heat pump (retail space) and Gree mini-split units (office space), along with a gas-fired baseboard heating system (supplemental). Annual expenses are estimated at approximately $15,183 in taxes (including village taxes), $245 for SCWA, $1,200 for PSEG, $780 for National Grid, and $90 for sewer. The asking price is $900,000, and the owner may consider holding a first mortgage. This presents a compelling investment opportunity in a thriving Northport location. The property's versatile design and prime location make it an attractive prospect for a wide range of businesses.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Lot 0.11 ac (4,792 SF)
Zoning code R8.5
APN 0404-014.00-01.00-008.002
UPID US63-6051467

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Department Store Grocery & Convenience Store

Location

196 Laurel Ave Northport, NY 11768-3168
Northport metro Census 110602 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$740k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$750k

Owner & transaction history

since 2025
Last sale
$812,000
2 recorded transactions
2025
$812,000
2006
$525,000

Zoning & alternative use

R8.5 · Northport, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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