47
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$1,950,000
Est. payment /mo
0.42 Acres Lot
Active
4435 Austin BLVD Island Park, NY 11558
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 908808
Rental Info No
Year Built 1947
Annual Tax Amount $38,695
Lot Size 0.422 Acres
Acres 0.4224
Property Sub-Type Other
Source onekey2
Property Description
Calling All Investors, Developers & End-Users!!! 7,700+ Sqft. 4 Unit Free Standing Building On A 18,875 Sqft. Lot For Sale In Island Park!!! The Property Features Excellent Signage, Great Exposure, High 14' Ceilings, 32 Parking Spaces In A Private Gated Parking Lot, Office Building Zoning, 3 Phase Power, Conference Room, Private Offices, 2 Apartments, Strategically Placed Curb Cuts, Accessible Parking, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Island Park On Busy Austin Blvd. Just Blocks From The Long Beach Bridge!!! The Property Has 205' Of Frontage On Busy Austin Blvd. + 204' Of Frontage On Broadway!!! This Section Of Austin Blvd. Has A Daily Traffic Count Of 40,200+ Vehicles Per Day!!! Neighbors Include Costco, Stop & Shop, Public Storage, Costello's Ace Hardware, King Kullen, Dunkin', Wendy's, McDonald's, Trader Joe's, +++!!! This Property Offers HUGE UPSIDE Potential!!! This is Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Apt. 1 (1 Br.): $31,200 Ann. M-M.
Apt. 2 (1 Br.): $31,200 Ann. M-M.
4,500 Sqft. Office + 800 Sqft. Warehouse: $120,000 Ann. NNN. Lease Exp.: 6/15/26.
Gross Income: $182,400 Ann.
Expenses:
Gas: $2,000 Ann. (Apartments Only)
Electric: $0 Ann.
Insurance: $3,253 Ann.
Maintenance & Repairs: $250 Ann.
Water: $0 Ann.
Taxes: $38,695.30 Ann.
Total Expenses: $44,198.30 Ann.
Net Operating Income (NOI): $138,201.70 Ann. (7.09% Cap!!!)
Income:
Apt. 1 (1 Br.): $31,200 Ann. M-M.
Apt. 2 (1 Br.): $31,200 Ann. M-M.
4,500 Sqft. Office + 800 Sqft. Warehouse: $120,000 Ann. NNN. Lease Exp.: 6/15/26.
Gross Income: $182,400 Ann.
Expenses:
Gas: $2,000 Ann. (Apartments Only)
Electric: $0 Ann.
Insurance: $3,253 Ann.
Maintenance & Repairs: $250 Ann.
Water: $0 Ann.
Taxes: $38,695.30 Ann.
Total Expenses: $44,198.30 Ann.
Net Operating Income (NOI): $138,201.70 Ann. (7.09% Cap!!!)
Location
State NY
County Nassau County
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
Building
Sewer Public Sewer
Water Public
Structure Type Block
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • Richard Matt Shane
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