Description
Calling All Investors, Developers & End-Users!!! 100% Occupied 30, 700+ Sqft. Corner Building With Private Parking Lot On Prestigious Northern Blvd. For Sale!!! The Property Is Located In The Heart Of Bayside On Northern Blvd. 2 Blocks From Bell Blvd. & Only Minutes From The Bayside LIRR Station!!! The Property Is Situated Midway Between I-295 & The Cross Island Pkwy.!!! The Building Features Excellent Signage, Great Exposure, R6B/R4/C2-2 Zoning, High 17’ Ceilings, Private Parking Lot, 2 Elevators, Sprinklers, Strategically Placed Curb Cut, 3 Stories, 23 Parking Spaces, 3 Phase Power, All New LED Lighting, CAC, +++!!! Neighbors Include Starbucks, BMW, Jeep-Dodge-Ram, Nissan, USPS, UPS, Northwell Health, Chase Bank, Capital One, Citibank, TD Bank, Investor’s Bank, Verizon, AT&T, CubeSmart Self Storage, Staples, Dunkin’, 7-Eleven, Tropical Smoothie Cafe, Wendy’s, Orangetheory Fitness, Bareburger, CVS, +++!!! The Property Has 101’ Of Frontage On Northern Blvd. + 143’ Of Frontage On 215th St.!!! This Property Has A Daily Traffic Count Of 50, 000+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!Income:1st Floor:Register Abstract Company (1, 060 Sqft.): $98, 808.12 Ann.; 3% Ann. Inc.; Lease Exp.: 1/31/30.Lucia Pizza (1, 200 Sqft.): $75, 398.23 Ann.; 3% Ann. Inc.; Lease Exp.: 6/30/32.Tiger Schulmann (3, 500 Sqft.): $166, 980 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 9/30/29.2nd Floor:The Learning Experience (10, 000 Sqft.): $484, 660.08 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 4/30/35.3rd Floor:Mark Khandhorov, Esq. (1, 800 Sqft.): $60, 000 Ann.; 3% Ann. Inc.; Lease Exp.: 1/31/28.RJ Capital (2, 000 Sqft.): $150, 000 Ann.; 3% Ann. Inc.; Lease Exp.: 9/30/29.Lend IQ (8, 500 Sqft.): $150, 000 Ann.; 3% Ann. Inc.; Lease Exp.: 10/31/34.Ground Floor:KOH Architecture (700 Sqft.): $30, 000 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 4/30/26.Mava Law (600 Sqft.): $30, 000 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 10/31/29.Tax Reimbursement: $96, 185.04 Ann.CAM Reimbursement: $23, 155.20 Ann. Expenses:Gas: $0 Ann.Electric: $15, 000 Ann.Water: $3, 900 Ann.Trash: $850 Ann.Insurance: $27, 960 Ann.Maintenance & Repairs: $1, 991.62 Ann.Taxes: $109, 906.16 Ann.Gross Income: $1, 365, 186.67 Ann.Total Expenses: $159, 607.78 Ann.Net Operating Income (NOI): $1, 205, 578.89 Ann. (7.93% Cap!!!)Reply, Reply All or Forward