Listed by American Investment Properties
$2,990,000
230 Atlantic Ave
Details
APN 38 L 245
Property Type Retail
Square Footage 3,069
Cap Rate 4.24%
NOI $127,200
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $977
Class C
Year Built 1983
Buildings 1
Stories 1
Lot Size (SqFt) 12,632
Zoning Commercial
Ground Lease No
Ownership Fee Simple
Fully-Occupied NNN Investment
Marketing description
American Investment Properties is retained to sell the property at 230 Atlantic Ave, Oceanside, NY. At this location is a NNN retail building with 2 tenants.
The tenants have 3-5 years remaining on their leases and there is on-site parking available for the convenience of shoppers.
Investment highlights
• For Sale: NNN Retail Building with 2 Tenants
• Tenants Have 3-5 Years Remaining on their Leases
• On-Site Parking Available
• Located 0.5 Mile from the East Rockaway LIRR Train Station
• A Short Distance from Long Beach Rd which has Several Retailers and Amenities
Listing Contacts
Listed by American Investment Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$127,200.00
$10,600.00/mo
Valuation Metrics
0
DSCR
4.25%
Cap Rate
4.25%
ROI
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Tax History
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