550 N Broadway, Amityville, New York 11701 (MLS# 3454598)
Commercial Sale listing in Suffolk County
Listing ID3454598
Sold For$800,000
StatusClosed
Sold Date3/20/2024
Acres
0.490
CountySuffolk
Year Built1991
Property TypeCommercial Sale
Property Sub TypeMixed Use
Calling All Investors, Developers & End-Users!!! 12 Unit 12,000 Sqft Building For Sale Located On A Huge 21,450 Corner Lot!!! The Property Has Plans In Place For A Brand New Building!!! The Building Will Feature Great Exposure, Excellent Signage, 4 Offices, 5 (2 Br.) Apartments, 1 Br. Apartment, 28 Parking Spaces, High 12' Ceilings, 3,000 Sqft. Basement With 12' Ceilings & 10 Storage Units, 3 Stories, Strategically Placed Curb Cuts, Sprinklers, CAC, All New LED Lighting, 3 Phase Power, +++!!! This Portion Of Broadway (Route 110) Has A Daily Traffic Count Of 46,000 Vehicles Per Day!!! Neighbors Include Starbucks, Mercedes-Benz, Kia, 7-Eleven, Northwell Heath, Target, The Home Depot, QuickChek, Valero, Taco Bell, McDonald's, Checkers, KFC, White Castle, Red Lobster, Advance Auto Parts, Dollar Tree, C-Town, +++!!! This Could Be Your Next Development Site!!! Income: First Floor: (4) Offices (500 Sqft. Each) & (2) 2 Br. Apt.: $196,800 Ann. Second Floor: (4) 2 Br. Apts.: $153,600 Ann. Third Floor: 2 Br. Apt. + 1 Br. Apt.: $110,400 Ann. Basement: 10 Storage Units: $300 Per Month Each $36,000 Ann. Gross Income: $496,800 Ann. Expenses: Gas: $0 Electric: $0 Snow & Landscape: $2,500 Ann. Garbage Removal: $960 Ann. Water: $3,360 Ann. Insurance: $8,693 Ann. Taxes: $13,732 An. Total Expenses: $29,245 Ann. Net Operating Income (NOI): $467,555 Ann. (Pro Forma 52% Cap!!!)
County
Suffolk
Price Before Reduction
950000
Price Reduction Date
2023-11-08T21:19:44+00:00
Property Sub Type
Mixed Use
Property Type
Commercial Sale
Year Built
1991
Mls Status
U
Moved From
unknown
Area Units
Square Feet
Heating
Natural Gas
Square Footage
12000.00
Stories Total
3
Directions
Sunrise Hwy to North Broadway
MLS Area Minor
21
Mls District Code
101
Township
Babylon
Zoning Description
Multi Use
Business Parking Spaces
28
Flood Zone Report
no
Lot Size Area
0.49
Lot Size Dimensions
150x143
Lot Size Source
Other
Lot Size Square Feet
21450
Lot Size Units
Acres
Number Of Units Total
12
State Or Province
NY
Contract Price
800000.00
Gross Income
496800
High Price Dollars
899000
Net Operating Income
467555
Operating Expense
82823
Tax Annual Amount
13327
Tax Block
2
Tax Lot
55
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