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$ 1,400,000
Est. payment | /mo
0.4 Acres Lot
$ 1,400,000
Est. payment | /mo
0.4 Acres Lot
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!!!)
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
Listed by All Island Estates Realty Corp • Richard Matt Shane
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William Gomez
Real Estate Professional | License ID: 10401391422