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Key Details
Property Type Other Types
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1035307
Rental Info No
Year Built 1931
Annual Tax Amount $45,096
Property Sub-Type Other
Source onekey2
Property Description
Calling All Investors, Developers, & End-Users!!! 3 Unit Mixed-Use Building On A Huge 10,500 Sqft. Lot In Middle Village For Sale!!! The Property Features Excellent Signage, Great Exposure, R5/C1-3 Zoning, Huge Rear Yard, High 9' Ceilings, Sprinklers, 15 Parking Spaces, Security Camera System, Separate Meters, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Located In the Heart Of Middle Village Minutes From The Metro Mall!!! The Property Has 55' Of Frontage On Busy Metropolitan Avenue!!! Neighbors Include TD Bank, Webster Bank, Amazon, BJ's Wholesale Club, Petco, Raymour & Flanigan, Ashley Furniture, Bob's Discount Furniture, 7-Eleven, Dunkin', Dollar Tree, Michaels, Panera Bread, Salvation Army, Dick's Sporting Goods, Regal Cinemas, Wendy's, Arby's, +++!!! The Laundromat 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:
Laundromat: $84,000 Ann.; 3% Ann. Inc.; Lease Exp.: 8/1/36. (1) 10 Year Option.
Pharmacy: $48,000 Ann.; 4% Ann. Inc.; Lease Exp.: 8/1/28. (1) 5 Year Option.
Recording Studio: $37,800 Ann.; 3% Ann. Inc.; Lease Exp.: 9/1/28.
Tax Rebate: $2,250 Ann.
Gross Income: $172,050 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Water & Sewer: $0 Ann.
Insurance: $4,382 Ann.
Taxes: $45,096 Ann.
Total Expense: $49,478 Ann.
Net Operating Income (NOI): $122,572 Ann.
Income:
Laundromat: $84,000 Ann.; 3% Ann. Inc.; Lease Exp.: 8/1/36. (1) 10 Year Option.
Pharmacy: $48,000 Ann.; 4% Ann. Inc.; Lease Exp.: 8/1/28. (1) 5 Year Option.
Recording Studio: $37,800 Ann.; 3% Ann. Inc.; Lease Exp.: 9/1/28.
Tax Rebate: $2,250 Ann.
Gross Income: $172,050 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Water & Sewer: $0 Ann.
Insurance: $4,382 Ann.
Taxes: $45,096 Ann.
Total Expense: $49,478 Ann.
Net Operating Income (NOI): $122,572 Ann.
Location
State NY
County Queens
Interior
Heating Heat Recovery System, Natural Gas
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Available
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Block,Frame
Schools
High Schools Queens24
School District Queens24
Others
Special Listing Condition None
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Listed by All Island Estates Realty Corp • Richard Matt Shane
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716