UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 882159
Rental Info No
Year Built 2014
Annual Tax Amount $109,906
Property Sub-Type Multi Family
Source onekey2
Property Description
Parking Spaces, 3 Phase Power, All New LED Lighting, CAC+++!!! Neighbors Include Starbucks, BMW, Jeep-Dodge-Ram, Nissan, USPS, UPS, Northwell Health, Chase Bank, Capital One, Citibank, TD Bank, Investor's Bank, Verizon, AT&T, CubeSmart Self Storage, Staples, Dunkin', 7-Eleven, Tropical Smoothie Cafe, Wendy's, Orangetheory Fitness, Bareburger, CVS, +++!!! The Property Has 101' Of Frontage On Northern Blvd. + 143' Of Frontage On 215th St.!!! This Property Has A Daily Traffic Count Of 50,000+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
1st Floor:
Register Abstract Company (1,060 Sqft.): $98,808.12 Ann.; 3% Ann. Inc.; Lease Exp.: 1/31/30.
Lucia Pizza (1,200 Sqft.): $75,398.23 Ann.; 3% Ann. Inc.; Lease Exp.: 6/30/32.
Tiger Schulmann (3,500 Sqft.): $166,980 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 9/30/29.
2nd Floor:
The Learning Experience (10,000 Sqft.): $484,660.08 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 4/30/35.
3rd Floor:
Mark Khandhorov, Esq. (1,800 Sqft.): $60,000 Ann.; 3% Ann. Inc.; Lease Exp.: 1/31/28.
RJ Capital (2,000 Sqft.): $150,000 Ann.; 3% Ann. Inc.; Lease Exp.: 9/30/29.
Lend IQ (8,500 Sqft.): $150,000 Ann.; 3% Ann. Inc.; Lease Exp.: 10/31/34.
Ground Floor:
KOH Architecture (700 Sqft.): $30,000 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 4/30/25.
Mava Law (600 Sqft.): $30,000 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 10/31/29.
Tax Reimbursement: $96,185.04 Ann.
CAM Reimbursement: $23,155.20 Ann.
Expenses:
Gas: $0 Ann.
Electric: $15,000 Ann.
Water: $3,900 Ann.
Trash: $850 Ann.
Insurance: $27,960 Ann.
Maintenance & Repairs: $1,991.62 Ann.
Taxes: $109,906.16 Ann.
Gross Income: $1,365,186.67 Ann.
Total Expenses: $159,607.78 Ann.
Net Operating Income (NOI): $1,205,578.89 Ann. (7.14% Cap!!!)
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Location
State NY
County Queens
Interior
Heating See Remarks
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected, Sewer Connected
Total Parking Spaces 23
Building
Story 3
Foundation Other, Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Frame,Other
Others
Special Listing Condition None
The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.