225 & 227 Albany Avenue, Amityville, NY 11701

  • $1,088,000
Active
225 & 227 Albany Avenue, Amityville, NY 11701
  • $1,088,000

Overview

Property ID: 3590600
  • Mixed Use, Commercial Sale
  • Property Type
  • 1952
  • Year Built

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!!!)

Details

Updated on November 14, 2024 at 3:13 pm
  • Property ID: 3590600
  • Price: $1,088,000
  • Land Area: 0.26 Acres
  • Garage Size: x x
  • Year Built: 1952
  • Property Type: Mixed Use, Commercial Sale
  • Property Status: Active

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Jerry Wang
  • Jerry Wang