Calling All Investors, Developers & End-Users!!! 7,700+ Sqft. 4 Unit Free Standing Building On A 18,875 Sqft. Lot For Sale In Island Park!!! The Property Features Excellent Signage, Great Exposure, High 14’ Ceilings, 32 Parking Spaces In A Private Gated Parking Lot, Office Building Zoning, 3 Phase Power, Conference Room, Private Offices, 2 Apartments, Strategically Placed Curb Cuts, Accessible Parking, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Island Park On Busy Austin Blvd. Just Blocks From The Long Beach Bridge!!! The Property Has 205’ Of Frontage On Busy Austin Blvd. + 204’ Of Frontage On Broadway!!! This Section Of Austin Blvd. Has A Daily Traffic Count Of 40,200+ Vehicles Per Day!!! Neighbors Include Costco, Stop & Shop, Public Storage, Costello’s Ace Hardware, King Kullen, Dunkin’, Wendy’s, McDonald’s, Trader Joe’s, +++!!! This Property Offers HUGE UPSIDE Potential!!! This is Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Apt. 1 (1 Br.): $31,200 Ann. M-M.
Apt. 2 (1 Br.): $31,200 Ann. M-M.
4,500 Sqft. Office + 800 Sqft. Warehouse: $120,000 Ann. NNN. Lease Exp.: 6/15/26.
Gross Income: $182,400 Ann.
Expenses:
Gas: $2,000 Ann. (Apartments Only)
Electric: $0 Ann.
Insurance: $3,253 Ann.
Maintenance & Repairs: $250 Ann.
Water: $0 Ann.
Taxes: $38,695.30 Ann.
Total Expenses: $44,198.30 Ann.
Net Operating Income (NOI): $138,201.70 Ann. (7.09% Cap!!!)
6,686 Sq Ft
0.4224 Private Acres Exterior Space
Commercial
$38,695 Annual Tax
Built in 1947
MLS/Listing ID 908808
Construction - Block
Cooling - Central Air
Heating - Natural Gas
Listing Courtesy of ALL ISLAND ESTATES REALTY CORP, RICHARD MATT SHANE - 516-279-8828
Source of Data: ONEKEY MLS
TOTAL MONTHLY COST
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