This Property is no longer advertised on Showcase.com.
Off Market
1/13

40 East Ave
Glen Cove, NY 11542


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!!
  • 3 Unit, 2,800 Sqft. Mixed Use Property For Sale
  • The Property Consists Of 3 Freestanding Structures; A 800 Sqft. Deli, A 1,300 Sqft. 2 Story (2) Br House & A 2.5 Car Garage
  • The Property Also Features Great Signage & 6 Private Parking Spaces.
  • Net Operating Income (NOI): $53,027 (Proforma 12.48 Cap!!!)

OVERVIEW

Calling All Investors, Developers & End-Users!!! 3 Unit, 2,800 Sqft. Mixed Use Property For Sale Offered At A Proforma 12.48 Cap! The Property Features 3 Freestanding Structures; A 800 Sqft. Deli, A 1,300 Sqft. 2 Story (2) Br House & A 2.5 Car Garage. The Property Also Features Great Signage & 6 Private Parking Spaces. Deli: $25,600 (Delivered Vacant) 2 Br House: $30,000 (Delivered Vacant) 2.5 Car Garage: $14,400 (Delivered Vacant) Gross Income: $70,000 Expenses: Gas: $0 Maintenance & Repairs: $250 Insurance: $2,500 Taxes: $10,185 Village Taxes: $3,658 Water: $380 Total Expenses: $16,973 Net Operating Income (NOI): $53,027 (Proforma 12.48 Cap!!!)

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

40 East Ave., Glen Cove, NY 11542

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Fast Food, Storefront Retail/Office

TOTAL BUILDING SIZE

2800

STORIES

2

YEAR BUILT

1908

SPRINKLERS

-

PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

-

APN/PARCEL ID

0600-23-030-00-0044-0