771A-775 Famingdale Rd
West Babylon,
NY
11704
- Commercial
- Misc
- ML# 905144
Property Details
Overview
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
Key Facts
- •Taxes: $29,599
- •Sale or Rent: Sale
- •Construction Materials: Other
- •Parking Spaces: Yes
- •Parking Facilities: Parking Lot
- •Heat: Other
- •A/C: None
- •Water: Other
- •Sewer: Other
Listing Information provided courtesy of
Winzone Realty Inc
917-667-5661
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