Listed by American Investment Properties
$3,799,999
Office Building in Amityville, NY
Details
APN 0101-004-00-02-00-005-000, 0100-177- 00-02-00-005-0
Property Type Office
Sub Type Traditional Office
Square Footage 17,800
Cap Rate 7.15%
NOI $271,818
Occupancy 96.63%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Pro-Forma Cap Rate 7.31%
Pro-Forma NOI $277,818
Price per SqFt $213
Broker Co-Op Yes
Class B
Year Built 1955
Year Renovated 1992
Buildings 1
Stories 1
Lot Size (SqFt) 44,045
Zoning Commercial
Parking Spaces 60 spaces
Parking Per SqFt 3.37
Investment Type Stabilized
Ownership Fee Simple
Great Investment Property
Marketing description
American Investment Properties is exclusively retained to sell the property located at 275 Dixon Ave, Amityville, NY. At this location is an office building that currently has one vacancy. There are increases in rent for some tenants and the property has 60 on-site parking spaces.
Investment highlights
• For Sale: Office Building in Amityville, NY
• 1 Vacancy (Garage Space) - Provides for a Great Lease-Up Opportunity
• Two Tenants have 3.5% Annual Increases in Rent
• On-Site Parking with 60 Spaces - 48 in Big Lot; 12 in Smaller Lot on Prince Chico
• Solar Panels on Roof & Additional Renovation Occurred around 2001
• Close Proximity to Sunrise Hwy
• Located Close to the Copiague LIRR Train Station
Listing Contacts
Listed by American Investment Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$271,818.00
$22,651.50/mo
Valuation Metrics
0
DSCR
7.15%
Cap Rate
7.15%
ROI
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