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26703390
26703391

72-74 Cedar Swamp Rd, Glen Cove, NY 11542

RK
NY 31K00933350
American Investment Properties
Listed by American Investment Properties
$3,999,000
284 days on market
Updated 32 days ago

2 Mixed-Use Buildings in Glen Cove, NY

Details
APN 0600-21-S-00-0009-K
Property Type Mixed Use, Multifamily (+2)
Sub Type Apartment Building, Medical Office (+1)
Square Footage 10,750
Units 10
Cap Rate 4.41%
NOI $176,529
Occupancy 90%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Pro-Forma Cap Rate 5.34%
Pro-Forma NOI $213,729
Price per SqFt $372
Broker Co-Op Yes
Class A
Year Built 1980
Year Renovated 2010
Buildings 2
Stories 2
Lot Size (SqFt) 25,488
Zoning Commercial
Parking Spaces 38 spaces
Parking Per SqFt 3.53
Investment Type Stabilized
Ownership Fee Simple

Great Investment Property

Marketing description

• For Sale: (2) Mixed-Use Buildings in Glen Cove, NY

• Signage on Building & Entrance

• Located Between Two Signalized Intersections - Vehicle Counts: 16,773 Per Day

• Nearby the Sea Cliff & Glen Street LIRR Stations

• Roof on Building 2 is 20 Years Old, In Good Condition

• Every Unit Has its Own Meter

• Apartments have Baseboard Heating & Central Air Conditioning

• Building 2 Has a Full Basement

• Nearby Businesses Include: Land Rover Dealership, Volvo

Investment highlights

American Investment Properties is retained to sell the property located at 72-74 Cedar Swamp Rd, in Glen Cove, NY. This mixeduse property contains 7 retail units and 3 residential units. The property, which was renovated in 2010, is in great condition and provides a lot of potential. Located on the busy Cedar Swamp Road between two signalized intersections, the property sees a traffic count of around 16,773 vehicles per day. In addition, there is signage at the entrance. This property is conveniently located between the Sea Cliff and Glen Street LIRR Stations which are both under a minute drive.

Listing Contacts

RK
NY 31K00933350
American Investment Properties
Listed by American Investment Properties

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$176,529.00
$14,710.75/mo

Valuation Metrics

0
DSCR
4.41%
Cap Rate
4.41%
ROI

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