Homes of the Hamptons and Surrounding Areas

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1568-1574 Montauk Highway
Mastic, NY 11950
MLS# 3305305 ID: 70023189
Property Description
Commercial Sale - Mastic, NY 568-1578 Montauk Highway, Mastic Listing Writeup: Calling All Investors, Developers & End-Users!!! 8.22 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
Property Features
Days On Market 15 days
Last Updated May 4, 2021
Market Status Available
Property Type Commercial
Approx. Lot Size .23 Acres
Building Features
Stories 2.0
Listing Features
Property Type Commercial;
Offered By:
Richard Matt Shane
All Island Estates Realty Corp

Data Provided by OneKey MLS