1027 Beach 20th ST Active Save Request In-Person Tour Request Virtual Tour
Far Rockaway,NY 11691
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY850258
Year Built 1931
Annual Tax Amount $23,265
Lot Size 8,001 Sqft
Property Sub-Type Business
Property Description
Calling All Investors, Developers & End-Users!!! OPPORTUNITY ZONE 15,000 Sqft. 3 Unit Free Standing Building With Private Parking Lot For Sale!!! The Property Features Great Exposure, Excellent Signage, R6/C2-4 Zoning, 12 Parking Spaces In A Private Gated Lot, High 20' Ceilings, Strategically Placed Curb Cut, Separate Meters, 200 Amp Power, CAC, +++!!! The Property Is Located In The Heart Of Far Rockaway Minutes From The Rockaway Fwy. In Between Beach Channel Dr. & Seagirt Blvd. !!! Neighbors Include Walmart, Chase Bank, CitiBank, Wyndham Hotels, BP Gas, U-Haul, CVS, T-Mobile, Boost Mobile, Dunkin', McDonald's, Key Food, Papa John's, Domino's, Popeye's, Dollar General, Golden Krust, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Community Center (37,50 Sqft.): $147,600 Ann.; 3% Ann. Inc; Lease Exp.: 2027 + (1) 5 Year Option.
2nd Floor (3,750 Sqft.): $112,500 Ann. (Available)
3rd Floor (3,750 Sqft.): $127,500 Ann.(Available)
LL (3,750 Sqft.): $68,200 Ann. (Available)
Pro Forma Gross Income: $455,800 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $0 Ann.
Insurance: $3,823 Ann.
Flood Insurance: $3,000 Ann.
Taxes: $23,265.32 Ann.
Total Expenses: $30,338.32 Ann.
Net Operating Income (NOI): $425,461.68 Ann. (Pro Forma 19.34% Cap!!!)
Location
State NY
County Queens
Interior
Heating Natural Gas
Cooling Central Air
Exterior
Utilities Available See Remarks
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick,Frame,Other
Others
Special Listing Condition None