Properties For Sale or Rent
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Property Description
This is an excellent opportunity to own a commercial property with an approximate 5% cap rate.
The property includes 9 parking spaces and generates a monthly rental income of $6,000, with the tenant responsible for all utilities and property taxes.
• Annual property tax: $29,599.42
• Owner expenses: Approximately $5,000/year for property insurance
• Roof: Replaced about 3 years ago
• Tenant: A dry cleaning business that has operated at this location for approximately 25 years
• Lease: Long-term lease in place — 10 years with a 5-year renewal option
Features
- Heating System:
- Other
- Cooling System:
- No
- Parking Features:
- Parking Lot
- Sewer:
- Other
- Utilities:
- See Remarks
Address Map
- City:
- Babylon
- State:
- NY
- County:
- Suffolk County
Property and Construction
- Development Status:
- Other
- Agent MlsId:
- 173495
- Office MlsId:
- WIN02
- Special Listing Conditions:
- No
- Tax Annual Amount:
- $29,599
- Water Source:
- Other
- PhotosCount:
- 5
Commercial Sale For Sale
771A-775 Famingdale Road, Babylon, NY
11,832 Acre
$1,399,000
Listing ID #905144
Basic Details
- Property Type :
- Commercial Sale
- Property SubType :
- Business
- Listing ID :
- 905144
- Price :
- $1,399,000
- Bathrooms Total :
- 0
- Building Area :
- 4,333 Sqft
- Lot Area :
- 11,832 Acre
- Year Built :
- 1971
- Status :
- Active
- Status :
- Active
- Listing Office :
- Winzone Realty Inc
- Listing Agent :
- Jing Wang
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
