Listed by American Investment Properties
$3,299,999
Locust Valley Medical Center
Details
APN 2489-30-010-00-0005-0
Property Type Industrial, Office
Sub Type Medical Office, Warehouse
Square Footage 25,000
Cap Rate 5.25%
NOI $173,281
Occupancy 80%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 8.17%
Pro-Forma NOI $269,611
Price per SqFt $132
Broker Co-Op Yes
Class B
Year Built 1927
Buildings 1
Stories 2
Lot Size (SqFt) 48,787
Zoning NB
Parking Spaces 60 spaces
Parking Per SqFt 2.40
Investment Type Stabilized
Ground Lease No
Ownership Fee Simple
Industrial | 5.25% CAP | 25,000 SqFt
Marketing description
American Investment Properties is retained to sell the property located at 480 Forest Ave, Locust Valley, NY. At this location is a medical center consisting of warehouse and office space. There are some spaces that are currently available which provide for great lease-up opportunities.
Please contact Ron Koenigsberg at [email protected] / (516) 757-2695 for any further questions.
Investment highlights
• For Sale: Locust Valley Medical Center
• Lower Level: Warehouse and Office Space
• Floor 1: Office Space
• Available Space: +/- 670 Sf of Warehouse Space on Lower Level, +/- 850 SF of Office Space on Lower Level, +/- 6,500 SF of Office Space on the First Floor
• +/- 60 On-Site Parking Spaces
Listing Contacts
Listed by American Investment Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$173,281.00
$14,440.08/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
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