Listed by E Realty International Corp.
$2,900,000
126-06 15 Ave College Point NY 11356
Details
Property Type Mixed Use
Sub Type Investment
Square Footage 5,400
Net Rentable (SqFt) 2,849
Units 2
Cap Rate 6.21%
NOI $180,000
Brand/Tenant AutoZone
Price per SqFt $537
Broker Co-Op Yes
Year Built 1948
Lot Size (SqFt) 5,400
Zoning M1-2
Investment Type Owner/User
Mixed Use | 6.21% CAP | 5,400 SqFt
Marketing description
This property is situated on a busy street corner and is being sold as a bundled package comprising both the real estate and the gas station business operating on the premises. The current property assets include a detached single-family home featuring three bedrooms, a kitchen, a living room, a high-ceiling attic, and a basement, the residence can be delivered vacant. The family house’s monthly rent is $3000.
Additionally, the site houses an auto repair shop currently under a lease with 3.5 years remaining; the current monthly rent for the shop is $8,000, with the tenant responsible for utility costs. The current total net annual income with business is approximately $190,000. Please call for further details.
Listing Contacts
Listed by E Realty International Corp.
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$180,000.00
$15,000.00/mo
Valuation Metrics
0
DSCR
6.21%
Cap Rate
6.21%
ROI
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