$1,088,000
225 & 227 Albany AVE Amityville, NY 11701
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$1,088,000
Est. payment /mo
4,021 SqFt
Active
225 & 227 Albany AVE Amityville, NY 11701
UPDATED:
11/25/2024 11:45 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,021 sqft
Price per Sqft $270
MLS Listing ID KEYL3590600
Originating Board onekey2
Rental Info No
Year Built 1952
Annual Tax Amount $23,394
Lot Dimensions 50x100
Property Description
Calling All Investors, Developers & End-Users!!! 7 Unit 2 Building Mixed-Use Development Site Just Off Sunrise Highway For Sale!!! The Buildings Feature Will Feature Great Exposure, Excellent Signage, 23 Parking Spaces, High Ceilings, Strategically Placed Curb Cuts, A/C, All New LED Lighting, 200 Amp Power, +++!!! Neighbors Include Starbucks, Mercedes-Benz, Kia, Nissan, 7-Eleven, Northwell Heath, Target, The Home Depot, QuickChek, Extra Space Storage, Dunkin', Walgreens, CityMD, Valero, Taco Bell, McDonald's, Checkers, KFC, Burger King, Red Lobster, Dollar Tree, +++!!! The Property Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 225: Real Estate Office (900 Sqft.): $33,600 Ann. (Available) Deli (900 Sqft.): $33,600 Ann. (Available) 227: First Floor: Office 1: $9,600 Ann. M-M. (Available) Office 2: $9,600 Ann. M-M. (Available) Office 3: $14,400 Ann. M-M. (Available) Second Floor: Apt 1 (1 Br., 1 Bath): $22,800 Ann. M-M. (Available) Apt 2 (1 Br., 1 Bath): $22,800 Ann. M-M. (Available) Pro Forma Gross Income: $146,400 Ann. Expenses: Gas: $0 Electric: $0 Insurance: $2,328 Ann. Taxes: $23,394 Ann. Total Expenses: $25,722 Ann. Net Operating Income (NOI): $120,678 Ann. (Pro Forma 11.09% Cap!!!)
Location
State NY
County Suffolk County
Interior
Fireplace No
Exterior
Private Pool No
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp
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