550 N Broadway

Calling All Investors, Developers & End-Users!!! 12 Unit 12,000 Sqft Building For Sale Located On A Huge 21,450 Corner Lot!!! The Property Has Plans In Place For A Brand New Building!!! The Building Will Feature Great Exposure, Excellent Signage, 4 Offices, 5 (2 Br.) Apartments, 1 Br. Apartment, 28 Parking Spaces, High 12' Ceilings, 3,000 Sqft. Basement With 12' Ceilings & 10 Storage Units, 3 Stories, Strategically Placed Curb Cuts, Sprinklers, CAC, All New LED Lighting, 3 Phase Power, +++!!! This Portion Of Broadway (Route 110) Has A Daily Traffic Count Of 46,000 Vehicles Per Day!!! Neighbors Include Starbucks, Mercedes-Benz, Kia, 7-Eleven, Northwell Heath, Target, The Home Depot, QuickChek, Valero, Taco Bell, McDonald's, Checkers, KFC, White Castle, Red Lobster, Advance Auto Parts, Dollar Tree, C-Town, +++!!! This Could Be Your Next Development Site!!! Income: First Floor: (4) Offices (500 Sqft. Each) & (2) 2 Br. Apt.: $196,800 Ann. Second Floor: (4) 2 Br. Apts.: $153,600 Ann. Third Floor: 2 Br. Apt. + 1 Br. Apt.: $110,400 Ann. Basement: 10 Storage Units: $300 Per Month Each $36,000 Ann. Gross Income: $496,800 Ann. Expenses: Gas: $0 Electric: $0 Snow & Landscape: $2,500 Ann. Garbage Removal: $960 Ann. Water: $3,360 Ann. Insurance: $8,693 Ann. Taxes: $13,732 An. Total Expenses: $29,245 Ann. Net Operating Income (NOI): $467,555 Ann. (Pro Forma 52% Cap!!!)