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Listing Details

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School Ratings & Info

Description

Calling All Investors, Developers & End-Users!!! 8.6 Cap 8 Family Apartment Building For Sale (100% Occupied; All Free Market)!!! Located On Busy Montauk Highway (This Portion Of Montauk Highway Has A Daily Traffic Count Of Over 22,500 Cars Per Day)!!! The Property Features Great Exposure, Excellent Signage, Separate Meters, Ample Parking, Strategically Placed Curb Cuts, +++!!! An Additional 7,841 Sqft. Residential Lot Is Included In The Sale!!! The Property Is Located Across The Street From Dunkin' Donuts. Neighbors Include McDonald's, Walgreens, Burger King, CVS, AutoZone, State Farm, Dominos, +++!!! Income: 1A (1 Br): $21,696 2A (1 Br): $20,016 3A (3 Br): $23,400 4A (2 Br): $21,696 1B (2 Br): $20,016 2B (2 Br): $21,696 3B (2 Br): $21,696 4B (2 Br): $23,100 Gross Income: $173,316 Expenses: Oil: $3,000 Insurance: $3,200 Electric: $1,200 Maintenance & Repairs: $250 Taxes: $28,126 Water: $1,200 Snow + Landscaping: $500 Total Expenses: $37,476 Net Operating Income (NOI): $135,840

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© 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Barbara Carter Team | Century 21 Alliance Realty Group. Data last updated: 2021-09-21T00:17:18.827.
www.barbaracarterteam.com/homes/115644366
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1550 Montauk Highway Mastic, NY 11950

  • Price: $1,550,000
  • Status: Active
  • Updated: 157 min ago
  • MLS #: 3299337
0
Beds
0
Baths
0
½ Baths
0.41
Acres
1950
Built
County:
Suffolk
Property Description
Calling All Investors, Developers & End-Users!!! 8.6 Cap 8 Family Apartment Building For Sale (100% Occupied; All Free Market)!!! Located On Busy Montauk Highway (This Portion Of Montauk Highway Has A Daily Traffic Count Of Over 22,500 Cars Per Day)!!! The Property Features Great Exposure, Excellent Signage, Separate Meters, Ample Parking, Strategically Placed Curb Cuts, +++!!! An Additional 7,841 Sqft. Residential Lot Is Included In The Sale!!! The Property Is Located Across The Street From Dunkin' Donuts. Neighbors Include McDonald's, Walgreens, Burger King, CVS, AutoZone, State Farm, Dominos, +++!!! Income: 1A (1 Br): $21,696 2A (1 Br): $20,016 3A (3 Br): $23,400 4A (2 Br): $21,696 1B (2 Br): $20,016 2B (2 Br): $21,696 3B (2 Br): $21,696 4B (2 Br): $23,100 Gross Income: $173,316 Expenses: Oil: $3,000 Insurance: $3,200 Electric: $1,200 Maintenance & Repairs: $250 Taxes: $28,126 Water: $1,200 Snow + Landscaping: $500 Total Expenses: $37,476 Net Operating Income (NOI): $135,840
Exterior Features

Building Size 5800 Business Parking Spaces 16

Interior Features

Ceiling Height 1

Property Features

Business Type Apt House Gross Income 173316.00 Net Operating Income 135840.00 Operating Expense 37475.00 Property Sub Type Apartment Property Type Commercial Sale Tax Annual Amount 0.00 Tax Block 0009 Zoning Description Apt Bldg

Listing courtesy of Richard Matt Shane of All Island Estates Realty Corp.
© 2021 OneKey MLS. All rights reserved.


© 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Barbara Carter Team | Century 21 Alliance Realty Group. Data last updated: 2021-09-21T00:17:18.827.
 
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Barbara Carter Team | Century 21 Alliance Realty Group
652 Route 299, Suite 100
Highland NY, 12528