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!!!)

Similar Listings

Schedule a Showing - Listing ID 3454598


Please enter your preferences in the form. We will contact you in order to schedule an appointment to view this property. For more immediate assistance, please call Gary Baumann at 631-767-5894.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Data services provided by IDX Broker
{"page":"listing","idxID":"b056","listingID":"3454598","extra":"550-N-Broadway","type":"scheduleshowing"}
http://longislandluxuryhomes.com
details.php
http://real-estate.longislandluxuryhomes.com
details

This site uses cookies to give you the best experience possible. You can read more about our use of cookies or, if you agree, continue to use the site as you normally would.