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Property Description

Calling All Investors, Developers & End-Users!!! 100% Occupied 5,475 Sqft. 3 Unit Corner Mixed-Use Building In Valley Stream For Sale!!! The Building Features Excellent Signage, Great Exposure, Strong C-1 Zoning, 86 Parking Spaces, High 10’ Ceilings, Private Driveway, Gated Yard, Strategically Placed Curb Cut, Signalized Intersection, Basement, Accessible Ramp, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Valley Stream Just 3 Blocks From Sunrise Hwy. & Only 4 Blocks From The LIRR Station!!! The Property Has 100’ Of Frontage On W. Jamaica Ave. + 25’ Of Frontage On Rockaway Ave.!!! The Building Is Situated Next Door To A Large Municipal Parking Lot! The Property Has A Daily Traffic Count Of 9,500+ Vehicles Per Day!!! Neighbors Include Audi, Toyota, Volkswagen, Honda, Chase Bank, AT&T, Walmart, The Home Depot, Target, Staples, CVS, 7-Eleven, Extra Space Storage, Best Buy, Blink Fitness, Dick’s Sporting Goods, King Kullen, Wendy’s, Taco Bell, McDonald’s, Dollar Tree, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!

Income:
Pizzeria (3,600 Sqft.): $71,600 Ann.; 3% Ann. Inc.; 10 Year Lease + 10 Year Option.
2 Br. Apt.: $26,400 Ann. M-M.
2 Br. Rear Apt.: $27,600 Ann. M-M.

Current Gross Income: $125,600 Ann.

Expenses:
Gas: $1,260 Ann. (Apartment Heat Only)
Electric: $526 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $2,836 Ann.
Water: $600 Ann.
Taxes: $26,091.41 Ann.

Total Expenses: $31,563.41 Ann.

Net Operating Income (NOI): $94,036.59 Ann. (6.49 Cap!!!)

Features
Heating System:
Natural Gas
Cooling System:
Central Air
Fireplaces Total:
1
Garage Spaces:
1
Interior Features:
Living Room / Dining Room
Parking Features:
Garage, Private
Sewer:
Public Sewer
Utilities:
See Remarks
Address Map
City:
Hempstead
State:
NY
County:
Nassau County
Directions:
Kings Highway to Flatlands
Property and Construction
Architectural Style:
Colonial
Construction Materials:
Brick
Development Status:
Brick, Frame
High School:
James Madison High School
Levels:
Two
Agent MlsId:
176463
Office MlsId:
CBE01
MiddleOrJunior School:
Jhs 278 Marine Park
New Construction:
1
Number Of Units:
3
Senior Community:
1
Special Listing Conditions:
No
Stories Total:
2
Tax Annual Amount:
$26,091
Water Source:
Public
PhotosCount:
47

Commercial Sale For Sale

200 Rockaway Avenue, Hempstead, NY

2,500 Acre
$1,450,000
Listing ID #828457
Basic Details
Property Type :
Commercial Sale
Property SubType :
Multi Family
Listing ID :
828457
Price :
$1,450,000
Bathrooms Total :
0
Building Area :
5,475 Sqft
Lot Area :
2,500 Acre
Year Built :
1974
Status :
Active
Status :
Active
Listing Office :
All Island Estates Realty Corp
Listing Agent :
Richard Matt Shane
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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