Listed by American Investment Properties
$3,999,000
Mixed-Use Buildings in East Rockaway, NY
Details
APN 2005-38-501-00-0002-0, 2005-38-501-00-0003-0, 2005-38-501-00-0008-0, 2005-38-501-00-0004-0
Property Type Mixed Use, Multifamily
Sub Type Storefront
Square Footage 14,599
Units 19
Cap Rate 7.79%
NOI $311,616
Occupancy 100%
Tenancy Multi
Lease Type Gross
Price per SqFt $274
Broker Co-Op Yes
Class C
Year Built 1936
Buildings 6
Stories 2
Lot Size (SqFt) 27,718
Zoning Commercial
Parking Spaces 30 spaces
Parking Per SqFt 2.05
Investment Type Stabilized
Ownership Fee Simple
Great Investment Property
Marketing description
American Investment Properties is retained to sell the property located at 4-12 Centre Ave, East Rockaway, NY. At this location are 6 commercial and residential buildings. This is a fully-occupied investment opportunity. This property has wide frontage of 111 ft on Centre Ave and is located within walking distance to the Centre Ave LIRR train station.
Investment highlights
• For Sale: (6) Commercial & Residential Buildings in East Rockaway, NY
• Located on 4 Separate Parcels of Land
• Fully-Occupied Investment Property
• Gas Heat
• 111 ft of Frontage on Centre Ave
• 25-30 On-Site Parking Spaces - Can Add 25 More if Paved
• Located within Walking Distance to the Centre Ave LIRR Train Station
Listing Contacts
Listed by American Investment Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$311,616.00
$25,968.00/mo
Valuation Metrics
0
DSCR
7.79%
Cap Rate
7.79%
ROI
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