42-46 Broadway Active Save Request In-Person Tour Request Virtual Tour
Rocky Point,NY 11778
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 919475
Rental Info No
Annual Tax Amount $27,625
Lot Size 0.400 Acres
Acres 0.4
Property Sub-Type Mixed Use
Source onekey2
Property Description
Calling All Investors, Developers & End-Users!!! 12.55 Cap 9,700+ Sqft. 4 Unit Mixed-Use Property With Huge Parking Lot For Sale!!! The Building Features Excellent Signage, Great Exposure, Restaurant, Bar, 32 Parking Spaces, High 9' Ceilings, J-2 Zoning, 4 Lots, All New LED Lighting, 200 Amp Power, CAC, +++!!! The Property Is Located In The Heart Of Rocky Point On Broadway Only 2 Blocks From Route 25A!!! Neighbors Include Starbucks, Tesla, Stop & Shop, Public Storage, Planet Fitness, CVS, Dunkin', 7-Eleven, Teacher's Federal Credit Union, Tropical Smoothie Cafe, Kohl's, Costello Ace Hardware, Mavis Discount Tire, McDonald's, Jiffy Lube, Jersey Mike's Subs, Trader Joe's, +++!!! The Property Has 65' Of Frontage On Broadway + 100' Of Frontage On Eagle Road!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Bar/Restaurant (3,600 Sqft. + 1,000 Sqft. LL): $98,400 Ann.; Lease Exp.: 3/1/2035.
Greek Restaurant (1,307 Sqft.): $20,400 Ann.; Lease Exp.: 2031.
1 Br. Apt. (1,000 Sqft.): $14,400 Ann.; M-M.
Studio Apt. (400 Sqft.): $21,600 Ann. (Available)
Parking Lot/Yard: $24,000 Ann. (Available)
Bar Tax Rebate: $21,600 Ann.
Greek Restaurant Tax Rebate: $7,000 Ann.
Pro Forma Gross Income: $207,400 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $3,823 Ann.
Water: $0 Ann.
Taxes: $27,625.79 Ann.
Total Expenses: $31,698.79 Ann.
Net Operating Income (NOI): $175,701.21 (Pro Forma 12.55% Cap!!!)
Location
State NY
County Suffolk County
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Exterior
Utilities Available See Remarks
Total Parking Spaces 32
Building
Story 2
Sewer Other
Water Public
Structure Type Frame
Others
Special Listing Condition None