Listed by American Investment Properties
$2,899,999
Multi-Use Property in Brookhaven, NY
Details
Property Type Retail
Sub Type Auto Shop, Gas Station
Cap Rate 6.71%
NOI $194,598
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Lease Options (1) 5-Year Option
Pro-Forma Cap Rate 10.43%
Pro-Forma NOI $302,598
Broker Co-Op Yes
Buildings 5
Acreage 2.000
Zoning Commercial
Investment Type Value Add
Ownership Fee Simple
Great Investment Property
Marketing description
American Investment Properties is retained to sell the multi-use property located at 2815 Montauk Hwy, Brookhaven. At this location are 5 buildings consisting of a gas station, a mechanic's shop, a deli, a barn, and a house. Both the deli and the gas station have 5% annual increases in rent and the house rent is month-to-month.
This is a great opportunity located in Brookhaven, NY.
Investment highlights
• For Sale: Multi-Building Property in Brookhaven, NY
• Gas Station has 2 Pumps
• Mechanics Shop has 3 Bays
• Deli and Gas Station both have 5% Annual Increases in Rent
• 2 Acres in Total - Approximately 87,000 SF
Listing Contacts
Listed by American Investment Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$194,598.00
$16,216.50/mo
Valuation Metrics
0
DSCR
6.71%
Cap Rate
6.71%
ROI
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