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Lynbrook NY, 11563 $1,250,000

Misc Commercial , 711250 SqFt 

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Details ML#: 3530048  

  • # of Families: 6
  • Sale or Rent:Sale
  • Taxes: $13,584
  • Status:Active

Description

Calling All Investors, Developers & End-Users!!! Approved Buy & Build 6 Condo Project For Sale!!! The Property Features Great Exposure, Excellent Signage, 200 Amp Power, High 9’ Ceilings, 18 Parking Spaces, Sprinklers, Strong Zoning, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Lynbrook Just Blocks From The Lynbrook LIRR & Sunrise Hwy.!!! Neighbors Include Audi, Mercedes-Benz, Ford, Starbucks, Wyndham Hotels, CubeSmart Self Storage, 7-Eleven, Dunkin, Mavis Discount Tire, Enterprise-Rent-A-Car, Mattress Firm, Taco Bell, KFC, +++!!! This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site / Home For Your Business!!! Income: 33A (2 Br., 2 Bath): $43, 200 Ann. (Available) 33B (2 Br., 2 Bath): $43, 200 Ann. (Available) 33C (2 Br., 2 Bath): $43, 200 Ann. (Available) 33D (2 Br., 2 Bath): $43, 200 Ann. (Available) 33E (2 Br., 2 Bath): $43, 200 Ann. (Available) 33F (2 Br., 2 Bath): $43, 200 Ann. (Available) Pro Forma Gross Income: $259, 200 Ann. Expenses: Maintenance & Repairs: $250 Ann. Insurance: $2, 813 Ann. Taxes: $13, 584.83 Ann. Total Expenses: $16, 647.83 Ann. Net Operating Income (NOI): $242, 553 Ann. (Pro Forma 19.40 Cap!!!)

More Property Details

Property Features

Lot Sq Ft: 11051   Approx. Int. Sq. Ft.: 711250.00   Parking Spaces: Yes   Parking Spaces: 18   Stories: 2  

Financial

Taxes: $13,584  

Local Area Information

Zoning: Res Grnhse   Block: 94   Lot: 8&9  

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Listing Information provided courtesy of All Island Estates Realty Corp OneKey™ MLSThe source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS
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