CushWake Sells 15,298 SF Mixed-Use Building On Larkfield Road In Suffolk County For $6.2M
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This Mixed-use property located in NY was sold for $6,200,000 almost 4 years ago. The broker of the deal was Daniel Abbondandolo
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- Location376 Larkfield Road, East Northport, Suffolk County, NY, USA
- Sale Price$6,200,000$405 PPSF
- Area15,298 SF
- Asset TypeMixed-use
- Parties1 Broker, 1 Agency
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Deal Summary
SALE
IMAGE: Daniel Abbondandolo
DATE: 05/25/2021
ADDRESS: 376 Larkfield Road
MARKET: Suffolk County
ASSET TYPE: Mixed-use ~ ZONING: C-6
BROKER: Daniel Abbondandolo @TeamAbbs @CushWake
ASKING PRICE: $6,500,000
SALE PRICE: $6,200,000
SF: 15,298 ~ PPSF: $405
CAP: 5.8%
NOTE FROM @TeamAbbs: Team Abbondandolo successfully closed, 376 Larkfield Road, East Northport, for $6,200,000 - approx. 5.8% cap rate - $400 Per Sq. Ft. - $283,750 Per Unit (adjusted). The asset is a 15,298 SF fully upgraded, two story mixed-use building is comprised of retail on the ground floor, one studio, 6 one-bedrooms, 13 two-bedroom units and offers private on-site parking. The units are all free market, making the building a very stable investment asset. The property has been well maintained, with major upgrades throughout the building. All new mechanicals including electrical, plumbing, and boilers have been installed in 2020. Additionally, a new roof has been installed throughout the entire asset – keeping repairs and maintenance for the future buyer very minimal. For more information about this sale or to find out what your building is worth, please reach out directly:
👤Daniel Abbondandolo, Managing Director
📧 [email protected]
📱 631-425-1232
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376 Larkfield Road
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