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1568-1574 Montauk Highway

Mastic, NY 11950
  • $1,288,000
  • STATUS: Active
  • ON SITE: 225 Days
  • MLS #: 3305305
UPDATED: 25 min ago
$1,288,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

Calling All Investors, Developers & End-Users!!! 8.91 Cap 5 Unit Corner Mixed-Use Property For Sale!!! The Property Features Excellent Signage, Great Exposure, Strong Income, Solid Tenants, A Freestanding 3 Br House, 2 Apartments, 2 Stores, 18 Parking Spaces, Separate Meters, +++!!! This Portion Of Montauk Highway Has A Daily Traffic Count Of Over 23,000 Vehicles Per Day!!! Neighbors Include McDonald's, Dunkin' Donuts, Walgreens, Burger King, CVS, AutoZone, State Farm, Dominos, +++!!! Income: Nail Salon: $24,000 Lease Exp. 3/1/2023; 3% Ann. Inc. Party Store/ Event Company: $24,000 Lease Exp. 6/1/2022; 3% Ann. Inc. Apt. 10 (3 Br): $25,440 Ann. M-M Apt. 8 (1 Br): $18,600 Ann. M-M 3 Br Free Standing House: $31,200 Ann. (Available) Gross Income: $123,240 Expenses: Oil: $0 Electric: $0 Maintenance & Repairs: $250 Insurance: $2,800 Taxes: $14,062.97 Water: $280 Total Expenses: $17,392.97 Net Operating Income (NOI): $105,847.03 (8.22 Cap!!!)

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© 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Carollo Real Estate. Data last updated: 2021-12-02T19:16:45.363.
www.carollorealestate.com/homes/116305349
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1568-1574 Montauk Highway Mastic, NY 11950

  • Price: $1,288,000
  • Status: Active
  • On Site: 225 Days
  • Updated: 25 min ago
  • MLS #: 3305305
0
Beds
0
Baths
0
½ Baths
0.23
Acres
Neighborhood:
Brookhaven
County:
Suffolk
Area:
Brookhaven
Property Description
Calling All Investors, Developers & End-Users!!! 8.91 Cap 5 Unit Corner Mixed-Use Property For Sale!!! The Property Features Excellent Signage, Great Exposure, Strong Income, Solid Tenants, A Freestanding 3 Br House, 2 Apartments, 2 Stores, 18 Parking Spaces, Separate Meters, +++!!! This Portion Of Montauk Highway Has A Daily Traffic Count Of Over 23,000 Vehicles Per Day!!! Neighbors Include McDonald's, Dunkin' Donuts, Walgreens, Burger King, CVS, AutoZone, State Farm, Dominos, +++!!! Income: Nail Salon: $24,000 Lease Exp. 3/1/2023; 3% Ann. Inc. Party Store/ Event Company: $24,000 Lease Exp. 6/1/2022; 3% Ann. Inc. Apt. 10 (3 Br): $25,440 Ann. M-M Apt. 8 (1 Br): $18,600 Ann. M-M 3 Br Free Standing House: $31,200 Ann. (Available) Gross Income: $123,240 Expenses: Oil: $0 Electric: $0 Maintenance & Repairs: $250 Insurance: $2,800 Taxes: $14,062.97 Water: $280 Total Expenses: $17,392.97 Net Operating Income (NOI): $105,847.03 (8.22 Cap!!!)
Exterior Features

Building Size 5800 SF Business Parking Spaces 18

Interior Features

Ceiling Height 1

Property Features

Business Type Miscellaneous Gross Income 123240.00 Net Operating Income 105847.00 Operating Expense 17392.00 Property Sub Type Mixed Use Property Type Commercial Sale Tax Annual Amount 0.00 Tax Block 0009 Zoning Description Comm Bldg

Listing courtesy of Richard Matt Shane of All Island Estates Realty Corp.
© 2021 OneKey MLS. All rights reserved.


© 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Carollo Real Estate. Data last updated: 2021-12-02T19:16:45.363.
 
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Whitestone NY, 11357