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29033517
29033536

622 Broadway, Babylon, NY 11701

MS
NY 10311207810
All Island Estates Realty Corporation
Listed by All Island Estates Realty Corporation
$799,000
158 days on market
Updated 55 days ago

622 Broadway

Details
APN 0100-165-00-01-00-013-000
Property Type Mixed Use, Industrial
Sub Type Warehouse, Mixed Use
NOI $98,690
Year Built 1964
Stories 2
Acreage 0.413
Zoning E
Parking Spaces spaces

Mixed Use

Marketing description

Calling All Investors, Developers & End-Users!!! Prime Mixed Use Building/ Development Site On Route 110 For Sale!!! The Property Features Great Exposure, Excellent Signage, High 8’ Ceilings, (480) Multiple Use Zoning, 18 Parking Spaces, Office, (1) 2 Br. Apartment, (1) 1 Br. Apartment, (1) Studio Apt., Full Basement, Low Property Taxes, Private Driveway & Parking Lot, Large Fenced Yard, Strategically Placed Curb Cuts, 200 Amp Power, All New LED LIghting, +++!!! This Huge 17,000+ Sqft. Property Is Situated In The Heart Of Amityville On Busy Route 110 Just North Of Sunrise Highway!!! Neighbors Include Starbucks, The Home Depot, Target, Mercedes-Benz, Kia, Nissan, 7-Eleven, Valero, Sunoco, McDonald's, Taco Bell, Pollo Campers, KFC, Walgreens, Advance Auto Parts, T-Mobile, Red Lobster, Dollar Tree, +++!!! The Property Has A Traffic Count Of Over 31,400+ Vehicles Per Day!!! The Entire Building Can Be Delivered Vacant If Need Be. This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 1st Fl. 2 Br. Apt.: $33,600 Ann. (Available) 2nd Fl. 1 Br. Apt.: $26,400 Ann. (Available) 3rd. Fl. Studio Apt.: $21,600 Ann. (Available) 1st Fl. Office (350 Sqft.): $22,800 Ann. (Available) Full LL: $9,600 Ann. (Available) Pro Forma Gross Income: $114,000 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $2,823 Ann. Water: $800 Ann. Taxes: $11,437.09 Ann. Total Expenses: $15,310.09 Ann. Pro Forma Net Operating Income (NOI): $98.689.91 Ann. (12.35% Cap!!!)
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Listing Contacts

MS
NY 10311207810
All Island Estates Realty Corporation
Listed by All Island Estates Realty Corporation

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$98,689.91
$8,224.16/mo

Valuation Metrics

0
DSCR
12.35%
Cap Rate
12.35%
ROI

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