Skip To Content

    1568-1574 Montauk Highway

    Mastic, NY 11950
    • $1,050,000
    • STATUS: Active
    • MLS #: 3305305
    UPDATED: 49 min ago
    $1,050,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    Calling All Investors, Developers & End-Users!!! 8.91 Cap 5 Unit Corner Mixed-Use Property For Sale!!! The Property Features Excellent Signage, Great Exposure, Strong Income, Solid Tenants, A Freestanding 3 Br House, 2 Apartments, 2 Stores, 18 Parking Spaces, Separate Meters, +++!!! This Portion Of Montauk Highway Has A Daily Traffic Count Of Over 23,000 Vehicles Per Day!!! Neighbors Include McDonald's, Dunkin' Donuts, Walgreens, Burger King, CVS, AutoZone, State Farm, Dominos, +++!!! Income: Nail Salon: $24,000 Lease Exp. 3/1/2023; 3% Ann. Inc. Party Store/ Event Company: $24,000 Lease Exp. 6/1/2022; 3% Ann. Inc. Apt. 10 (3 Br): $25,440 Ann. M-M Apt. 8 (1 Br): $18,600 Ann. M-M 3 Br Free Standing House: $31,200 Ann. (Available) Gross Income: $123,240 Expenses: Oil: $0 Electric: $0 Maintenance & Repairs: $250 Insurance: $2,800 Taxes: $14,062.97 Water: $280 Total Expenses: $17,392.97 Net Operating Income (NOI): $105,847.03 (8.91 Cap!!!)

    Monthly Payment Calculator



    © 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: 2021-09-24T16:17:52.78.
    www.barbaracarterteam.com/homes/116305349
    Print Image

    1568-1574 Montauk Highway Mastic, NY 11950

    • Price: $1,050,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 3305305
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    Neighborhood:
    Brookhaven
    County:
    Suffolk
    Area:
    Brookhaven
    Property Description
    Calling All Investors, Developers & End-Users!!! 8.91 Cap 5 Unit Corner Mixed-Use Property For Sale!!! The Property Features Excellent Signage, Great Exposure, Strong Income, Solid Tenants, A Freestanding 3 Br House, 2 Apartments, 2 Stores, 18 Parking Spaces, Separate Meters, +++!!! This Portion Of Montauk Highway Has A Daily Traffic Count Of Over 23,000 Vehicles Per Day!!! Neighbors Include McDonald's, Dunkin' Donuts, Walgreens, Burger King, CVS, AutoZone, State Farm, Dominos, +++!!! Income: Nail Salon: $24,000 Lease Exp. 3/1/2023; 3% Ann. Inc. Party Store/ Event Company: $24,000 Lease Exp. 6/1/2022; 3% Ann. Inc. Apt. 10 (3 Br): $25,440 Ann. M-M Apt. 8 (1 Br): $18,600 Ann. M-M 3 Br Free Standing House: $31,200 Ann. (Available) Gross Income: $123,240 Expenses: Oil: $0 Electric: $0 Maintenance & Repairs: $250 Insurance: $2,800 Taxes: $14,062.97 Water: $280 Total Expenses: $17,392.97 Net Operating Income (NOI): $105,847.03 (8.91 Cap!!!)
    Exterior Features

    Building Size 5800 SF Business Parking Spaces 18

    Interior Features

    Ceiling Height 1

    Property Features

    Business Type Miscellaneous Gross Income 123240.00 Net Operating Income 105847.00 Operating Expense 17392.00 Property Sub Type Mixed Use Property Type Commercial Sale Tax Annual Amount 0.00 Tax Block 0009 Zoning Description Comm 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: 2021-09-24T16:17:52.78.
     
    https://bt-photos.global.ssl.fastly.net/wpmls/1280_boomver_2_3305305-2.jpg https://bt-photos.global.ssl.fastly.net/wpmls/1280_boomver_2_3305305-2.jpg https://bt-photos.global.ssl.fastly.net/wpmls/1280_boomver_2_3305305-2.jpg
    Logo
    Barbara Carter Team | Century 21 Alliance Realty Group
    652 Route 299, Suite 100
    Highland NY, 12528