UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 919475
Rental Info No
Annual Tax Amount $27,625
Lot Size 0.400 Acres
Acres 0.4
Property Sub-Type Mixed Use
Source onekey2
Property Description
Income:
Bar/Restaurant (3,600 Sqft. + 1,000 Sqft. LL): $106,800 Ann.; Lease Exp.: 3/1/2035.
Greek Restaurant (1,307 Sqft.): $22,800 Ann.; Lease Exp.: 2031.
1 Br. Apt. (1,000 Sqft.): $24,000 Ann.; M-M.
Studio Apt. (400 Sqft.): $21,600 Ann. (Available)
Parking Lot/Yard: $24,000 Ann. (Available)
Bar Tax Rebate: $21,600 Ann.
Greek Restaurant Tax Rebate: $7,000 Ann.
Pro Forma Gross Income: $227,800 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $3,823 Ann.
Water: $0 Ann.
Taxes: $27,625.79 Ann.
Total Expenses: $31,698.79 Ann.
Net Operating Income (NOI): $196,101.21 (Pro Forma 14.01% Cap!!!)
Location
State NY
County Suffolk County
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Exterior
Utilities Available See Remarks
Total Parking Spaces 32
Building
Story 2
Sewer Other
Water Public
Structure Type Frame
Others
Special Listing Condition None
NEARBY SCHOOLS & PROPERTIES
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.