47 Franklin Ave
valley stream, NY 11580$990,000
- sold
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Rare Investment Opportunities!
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Property Overview
• Location: Valley Stream, Long Island
47 Franklin Ave, Valley Stream, NY 11580
• Floor area: 8,450 square feet
• Building area: 3,304 square feet
• Parking spaces: nearly18-20
Property structure
• First floor: restaurant, party room and outdoor BBQ dining area,2 bathrooms
• Second floor: office,1 full bathroom
Leasing status
• Current business: Mexican restaurant, beautifully decorated, booming business
• Rent: $7,100/month (including property tax), annual rental income $85,200
• Tenants bear all water, electricity and gas expenses.
• Lease: NNN lease 3 years remaining + 5 years renewable.
• Rent growth: 3%-4% per year
Return on investment
• Property tax: $25,600, tax reduction can be applied for
• Rate of return: about 6%
• Worry-free rent collection, stable cash flow
Additional advantages
• Homeowner loans can be provided, with interest rates better than banks
• Well-decorated, equipped with central heating and cooling system, new roof
Details
3,304 Sq Ft
0.1937 Private Acres Exterior Space
Commercial
$25,596 Annual Tax
Built in 1948
MLS/Listing ID 831122
2 Stories
Amenities & Features
Construction - Brick
Cooling - Central Air
Listing Courtesy of CHASE GLOBAL REALTY CORP, SOPHIA X. YAO - 929-260-9118
Source of Data: ONEKEY MLS