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1550 Montauk Highway
Mastic, NY 11950
MLS# 3299337 ID: 69668613
$1,588,000
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Property Description
Commercial Sale - Mastic, NY 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
Property Features
Status
Days On Market 10 days
Last Updated April 11, 2021
Market Status Available
Description
Property Type Commercial
Year Built 1950
Legal/Financial
Taxes
Listing Features
Property Type Commercial;
Offered By:
Richard Matt Shane
All Island Estates Realty Corp

Data Provided by OneKey MLS


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