Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Pets: | Pets No |
| Lot Size: | 0.55 Acres |
Financials
DescriptionCalling All Investors, Developers & End-Users!!! 9.31 Cap 9,900+ Sqft. 6 Unit Office Building On A 23,900+ Sqft. Lot On Veterans Memorial Hwy. For Sale!!! The Building Features Excellent Signage, Great Exposure, O-B Zoning, 54 Parking Spaces, Private Parking Lot, High 8’ Ceilings, Conference Rooms, Separate Meters, Strategically Placed Curb Cut, Basement, Accessible Parking, Chair Lift, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Commack On Route 454 Just Off The Northern State Pkwy.!!! The Property Is Situated Only Minutes From The I-495 (LIE) + Sagtikos Pkwy.!!! Neighbors Include Starbucks, BMW, Mazda, Mitsubishi, The Home Depot, Walmart. Target, Costco, 7-Eleven, Dunkin’, LA Fitness, Planet Fitness, PetSmart, Whole Foods, Outback Steakhouse, Michaels, Burlington, Hobby Lobby. Friendly’s, Trader Joe’s, IHOP, +++!!! According To The Seller The Building Roof Is 5 Years Old With 35 Years Left On The Warranty!!! The Building Has 119’ Of Frontage On Busy Route 454!!! This Property Has A Daily Traffic Count Of 19,000+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property Or The Next Home For Your Business!!!
Income:
2nd Floor:
Law Office (1,200 Sqft.): $27,828 Ann.; 3% Ann. Inc.; Lease Exp.: 9/1/25 + 2 Year Option.
Therapist (1,200 Sqft.): $27,816 Ann.; 3% Ann. Inc.; Lease Exp.: 9/1/30.
1st Floor:
Rear Unit (1,850 Sqft.): $61,050 Ann. (Available)
Front Unit (1,850 Sqft.): $61,050 Ann. (Available)
LL:
#1 Chiropractor: $50,400 Ann.; 5% Ann. Inc.; Lease Exp.: 9/1/26 + 3 Year Option.
#2A Dr. Mednick: $24,000 Ann.; 3% Ann. Inc.; Lease Exp.: 2030 + 3 Year Option.
#2B Dr. Silverman: $8,400 Ann.; 3% Ann. Inc.; Lease Exp.: 1/1/29.
Tax Rebates: $2,300 Ann.
Total Gross Income: $262,844 Ann.
Expenses:
Electric: $783 Ann. (Common Areas Only)
Gas: $0 Ann. (Common Areas Only)
Insurance: $3,859 Ann.
Maintenance & Repairs: $250 Ann.
Water: $386 Ann.
Garbage: $600 Ann.
Snow & Landscape: $890 Ann.
Taxes: $37,185.68 Ann.
Total Expenses: $43,953.68 Ann.
Net Operating Income (NOI): $218,890.32 Ann. (Pro Forma 9.31% Cap!!!)
Amenities- Electricity Connected
- Sewer Connected
- Trash Collection Public
Calling All Investors, Developers & End-Users!!! 9.31 Cap 9,900+ Sqft. 6 Unit Office Building On A 23,900+ Sqft. Lot On Veterans Memorial Hwy. For Sale!!! The Building Features Excellent Signage, Great Exposure, O-B Zoning, 54 Parking Spaces, Private Parking Lot, High 8’ Ceilings, Conference Rooms, Separate Meters, Strategically Placed Curb Cut, Basement, Accessible Parking, Chair Lift, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Commack On Route 454 Just Off The Northern State Pkwy.!!! The Property Is Situated Only Minutes From The I-495 (LIE) + Sagtikos Pkwy.!!! Neighbors Include Starbucks, BMW, Mazda, Mitsubishi, The Home Depot, Walmart. Target, Costco, 7-Eleven, Dunkin’, LA Fitness, Planet Fitness, PetSmart, Whole Foods, Outback Steakhouse, Michaels, Burlington, Hobby Lobby. Friendly’s, Trader Joe’s, IHOP, +++!!! According To The Seller The Building Roof Is 5 Years Old With 35 Years Left On The Warranty!!! The Building Has 119’ Of Frontage On Busy Route 454!!! This Property Has A Daily Traffic Count Of 19,000+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property Or The Next Home For Your Business!!! Income: 2nd Floor: Law Office (1,200 Sqft.): $27,828 Ann.; 3% Ann. Inc.; Lease Exp.: 9/1/25 + 2 Year Option. Therapist (1,200 Sqft.): $27,816 Ann.; 3% Ann. Inc.; Lease Exp.: 9/1/30. 1st Floor: Rear Unit (1,850 Sqft.): $61,050 Ann. (Available) Front Unit (1,850 Sqft.): $61,050 Ann. (Available) LL: #1 Chiropractor: $50,400 Ann.; 5% Ann. Inc.; Lease Exp.: 9/1/26 + 3 Year Option. #2A Dr. Mednick: $24,000 Ann.; 3% Ann. Inc.; Lease Exp.: 2030 + 3 Year Option. #2B Dr. Silverman: $8,400 Ann.; 3% Ann. Inc.; Lease Exp.: 1/1/29. Tax Rebates: $2,300 Ann. Total Gross Income: $262,844 Ann. Expenses: Electric: $783 Ann. (Common Areas Only) Gas: $0 Ann. (Common Areas Only) Insurance: $3,859 Ann. Maintenance & Repairs: $250 Ann. Water: $386 Ann. Garbage: $600 Ann. Snow & Landscape: $890 Ann. Taxes: $37,185.68 Ann. Total Expenses: $43,953.68 Ann. Net Operating Income (NOI): $218,890.32 Ann. (Pro Forma 9.31% Cap!!!)
- Electricity Connected
- Sewer Connected
- Trash Collection Public
Calling All Investors, Developers amp ; End Users !
DescriptionCalling All Investors, Developers & End-Users!!! 9.31 Cap 9,900+ Sqft. 6 Unit Office Building On A 23,900+ Sqft. Lot On Veterans Memorial Hwy. For Sale!!! The Building Features Excellent Signage, Great Exposure, O-B Zoning, 54 Parking Spaces, Private Parking Lot, High 8’ Ceilings, Conference Rooms, Separate Meters, Strategically Placed Curb Cut, Basement, Accessible Parking, Chair Lift, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Commack On Route 454 Just Off The Northern State Pkwy.!!! The Property Is Situated Only Minutes From The I-495 (LIE) + Sagtikos Pkwy.!!! Neighbors Include Starbucks, BMW, Mazda, Mitsubishi, The Home Depot, Walmart. Target, Costco, 7-Eleven, Dunkin’, LA Fitness, Planet Fitness, PetSmart, Whole Foods, Outback Steakhouse, Michaels, Burlington, Hobby Lobby. Friendly’s, Trader Joe’s, IHOP, +++!!! According To The Seller The Building Roof Is 5 Years Old With 35 Years Left On The Warranty!!! The Building Has 119’ Of Frontage On Busy Route 454!!! This Property Has A Daily Traffic Count Of 19,000+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property Or The Next Home For Your Business!!!
Income:
2nd Floor:
Law Office (1,200 Sqft.): $27,828 Ann.; 3% Ann. Inc.; Lease Exp.: 9/1/25 + 2 Year Option.
Therapist (1,200 Sqft.): $27,816 Ann.; 3% Ann. Inc.; Lease Exp.: 9/1/30.
1st Floor:
Rear Unit (1,850 Sqft.): $61,050 Ann. (Available)
Front Unit (1,850 Sqft.): $61,050 Ann. (Available)
LL:
#1 Chiropractor: $50,400 Ann.; 5% Ann. Inc.; Lease Exp.: 9/1/26 + 3 Year Option.
#2A Dr. Mednick: $24,000 Ann.; 3% Ann. Inc.; Lease Exp.: 2030 + 3 Year Option.
#2B Dr. Silverman: $8,400 Ann.; 3% Ann. Inc.; Lease Exp.: 1/1/29.
Tax Rebates: $2,300 Ann.
Total Gross Income: $262,844 Ann.
Expenses:
Electric: $783 Ann. (Common Areas Only)
Gas: $0 Ann. (Common Areas Only)
Insurance: $3,859 Ann.
Maintenance & Repairs: $250 Ann.
Water: $386 Ann.
Garbage: $600 Ann.
Snow & Landscape: $890 Ann.
Taxes: $37,185.68 Ann.
Total Expenses: $43,953.68 Ann.
Net Operating Income (NOI): $218,890.32 Ann. (Pro Forma 9.31% Cap!!!)
Amenities- Electricity Connected
- Sewer Connected
- Trash Collection Public
Calling All Investors, Developers & End-Users!!! 9.31 Cap 9,900+ Sqft. 6 Unit Office Building On A 23,900+ Sqft. Lot On Veterans Memorial Hwy. For Sale!!! The Building Features Excellent Signage, Great Exposure, O-B Zoning, 54 Parking Spaces, Private Parking Lot, High 8’ Ceilings, Conference Rooms, Separate Meters, Strategically Placed Curb Cut, Basement, Accessible Parking, Chair Lift, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Commack On Route 454 Just Off The Northern State Pkwy.!!! The Property Is Situated Only Minutes From The I-495 (LIE) + Sagtikos Pkwy.!!! Neighbors Include Starbucks, BMW, Mazda, Mitsubishi, The Home Depot, Walmart. Target, Costco, 7-Eleven, Dunkin’, LA Fitness, Planet Fitness, PetSmart, Whole Foods, Outback Steakhouse, Michaels, Burlington, Hobby Lobby. Friendly’s, Trader Joe’s, IHOP, +++!!! According To The Seller The Building Roof Is 5 Years Old With 35 Years Left On The Warranty!!! The Building Has 119’ Of Frontage On Busy Route 454!!! This Property Has A Daily Traffic Count Of 19,000+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property Or The Next Home For Your Business!!! Income: 2nd Floor: Law Office (1,200 Sqft.): $27,828 Ann.; 3% Ann. Inc.; Lease Exp.: 9/1/25 + 2 Year Option. Therapist (1,200 Sqft.): $27,816 Ann.; 3% Ann. Inc.; Lease Exp.: 9/1/30. 1st Floor: Rear Unit (1,850 Sqft.): $61,050 Ann. (Available) Front Unit (1,850 Sqft.): $61,050 Ann. (Available) LL: #1 Chiropractor: $50,400 Ann.; 5% Ann. Inc.; Lease Exp.: 9/1/26 + 3 Year Option. #2A Dr. Mednick: $24,000 Ann.; 3% Ann. Inc.; Lease Exp.: 2030 + 3 Year Option. #2B Dr. Silverman: $8,400 Ann.; 3% Ann. Inc.; Lease Exp.: 1/1/29. Tax Rebates: $2,300 Ann. Total Gross Income: $262,844 Ann. Expenses: Electric: $783 Ann. (Common Areas Only) Gas: $0 Ann. (Common Areas Only) Insurance: $3,859 Ann. Maintenance & Repairs: $250 Ann. Water: $386 Ann. Garbage: $600 Ann. Snow & Landscape: $890 Ann. Taxes: $37,185.68 Ann. Total Expenses: $43,953.68 Ann. Net Operating Income (NOI): $218,890.32 Ann. (Pro Forma 9.31% Cap!!!)
- Electricity Connected
- Sewer Connected
- Trash Collection Public
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
