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$ 1,450,000
Est. payment /mo
Active
200 Rockaway AVE Valley Stream, NY 11580
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 828457
Rental Info No
Year Built 1974
Annual Tax Amount $26,091
Property Sub-Type Multi Family
Source onekey2
Property Description
Calling All Investors, Developers & End-Users!!! 100% Occupied 5,475 Sqft. 3 Unit Corner Mixed-Use Building In Valley Stream For Sale!!! The Building Features Excellent Signage, Great Exposure, Strong C-1 Zoning, 86 Parking Spaces, High 10' Ceilings, Private Driveway, Gated Yard, Strategically Placed Curb Cut, Signalized Intersection, Basement, Accessible Ramp, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Valley Stream Just 3 Blocks From Sunrise Hwy. & Only 4 Blocks From The LIRR Station!!! The Property Has 100' Of Frontage On W. Jamaica Ave. + 25' Of Frontage On Rockaway Ave.!!! The Building Is Situated Next Door To A Large Municipal Parking Lot! The Property Has A Daily Traffic Count Of 9,500+ Vehicles Per Day!!! Neighbors Include Audi, Toyota, Volkswagen, Honda, Chase Bank, AT&T, Walmart, The Home Depot, Target, Staples, CVS, 7-Eleven, Extra Space Storage, Best Buy, Blink Fitness, Dick's Sporting Goods, King Kullen, Wendy's, Taco Bell, McDonald's, Dollar Tree, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Pizzeria (3,600 Sqft.): $71,600 Ann.; 3% Ann. Inc.; 10 Year Lease + 10 Year Option.
2 Br. Apt.: $26,400 Ann. M-M.
2 Br. Rear Apt.: $27,600 Ann. M-M.
Current Gross Income: $125,600 Ann.
Expenses:
Gas: $1,260 Ann. (Apartment Heat Only)
Electric: $526 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $2,836 Ann.
Water: $600 Ann.
Taxes: $26,091.41 Ann.
Total Expenses: $31,563.41 Ann.
Net Operating Income (NOI): $94,036.59 Ann. (6.49 Cap!!!)
Income:
Pizzeria (3,600 Sqft.): $71,600 Ann.; 3% Ann. Inc.; 10 Year Lease + 10 Year Option.
2 Br. Apt.: $26,400 Ann. M-M.
2 Br. Rear Apt.: $27,600 Ann. M-M.
Current Gross Income: $125,600 Ann.
Expenses:
Gas: $1,260 Ann. (Apartment Heat Only)
Electric: $526 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $2,836 Ann.
Water: $600 Ann.
Taxes: $26,091.41 Ann.
Total Expenses: $31,563.41 Ann.
Net Operating Income (NOI): $94,036.59 Ann. (6.49 Cap!!!)
Location
State NY
County Nassau County
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Exterior
Utilities Available See Remarks
Total Parking Spaces 86
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • Richard Matt Shane
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