Description

Calling All Investors, Developers & End-Users!!! 17, 838 Sqft. 4 Unit Industrial Building Only 15 Minutes From JFK Airport For Sale!!! The Property Features Excellent Signage, Great Exposure, High 16’ Ceilings, 2 Roll-Up Drive In Bays, Light Manufacturing (710.24) Zoning, 28 Parking Spaces, Frontage On 3 Streets, Basement With 12’ Ceilings, 3 Phase Power, Side Yard, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Elmont Near The Southern State Pkwy. Just Minutes From The Cross Island Pkwy.!!! The Building Has 339+ Feet Of Wrap-Around Frontage On Busy Meacham Avenue, M Street & N Street!!! Neighbors Include Audi, Starbucks, UPS, Verizon, The Home Depot, Target, Stop & Shop, CubeSmart Self Storage, AutoZone, CVS, T.J. Maxx, Walgreens, Marshalls, McDonald’s, Red Mango, Lidl, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site/ The Next Home For Your Business!!!Income: Service Station Vending Equipment (2, 100 Sqft.): $66, 000 Ann.; 3% Ann. Inc.; Lease Exp.: 3/1/27. Stroller Company (500 Sqft.): $7, 200 Ann.; M-M. No Limits Party Rental (4, 200 Sqft.): $60, 000 Ann.; 3% Ann. Inc.; Lease Exp.: 3/1/27. Office (1, 100 Sqft.): $34, 800 Ann.; 3% Ann. Inc.; Lease Exp.: 4/1/27. Can Be Delivered Vacant If Need Be. LL (10, 000 Sqft., 12’ Ceiling Warehouse): $180, 000 Ann. (Available)Pro Forma Gross Income: $348, 000 Ann.Expenses: Gas: $2, 400 Ann.Electric: $6, 000 Ann.Maintenance & Repairs: $2, 500 Ann.Insurance: $5, 800 Ann. Snow & Landscape: $0 Ann.Water: $382 Ann.Taxes: $72, 483.51 Ann. Total Expenses: $91, 365.51 Ann. Pro Forma Net Operating Income (NOI): $256, 634.49 Ann.