771A-775 Famingdale Rd, West Babylon, NY, 11704
$1,399,000
Misc
Commercial
Details
ML#: 905144
- Sale or Rent:Sale
- Year Built: 1971
- Taxes: $29,599
- Status:Active
Description
This is an excellent opportunity to own a commercial property with an approximate 5% cap rate.The property includes 9 parking spaces and generates a monthly rental income of $6, 000, with the tenant responsible for all utilities and property taxes. • Annual property tax: $29, 599.42 • Owner expenses: Approximately $5, 000/year for property insurance • Roof: Replaced about 3 years ago • Tenant: A dry cleaning business that has operated at this location for approximately 25 years • Lease: Long-term lease in place — 10 years with a 5-year renewal option
More Property Details
Lot Sq Ft: 11832
Parking Spaces: Yes
Parking Facilities: Parking Lot
Heat: Other
A/C: None
Water: Other
Sewer: Other
Taxes: $29,599
Listing Information provided courtesy of
Winzone Realty Inc
917-667-5661