Property
| Ownership: | For Sale |
|---|---|
| Type: | Multi-Family |
| Bedrooms: | Studio |
Financials
Listing Courtesy of All Island Estates Realty Corp
Calling All Investors, Developers amp ; End Users !
Description
Calling All Investors, Developers & End-Users!!! 10.18 Cap 24 Unit Corner Garden Apartment Building Package In Jamiaca For Sale!!! The Building Features Excellent Signage, Great Exposure, 50 Parking Spaces In A Private Gated Lot, Controlled Access (Electric Gate), High Ceilings, R3-2 Zoning, 2 Strategically Placed Curb Cuts, All New LED Lighting, 3 Phase Power, A/C, +++!!! The Property Is Located In The Heart Of Saint Albans Just Off Linden Blvd. Between Farmers Blvd. & Merrick Blvd.!!! Neighbors Include Starbucks, TD Bank, Hilton Hotels, Marriott Hotels, Walmart, The Home Depot, Stop & Shop, CVS, Walgreens, Key Food, Marshalls, Boost Mobile, Aldi, McDonald’s, Taco Bell, Wendy’s, Burger King, White Castle, Wonder, Wingstop, IHOP, +++!!! The Buildings Have 420’ Of Wrap-Around Frontage On Baisley Blvd. & Foch Blvd.!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
187-05 (1st Floor): $14,940 Ann.
187-05 (2nd Floor): $8,580 Ann.
187-07 (1st Floor): $13,883.64 Ann.
187-07 (2nd Floor): $16,200 Ann.
187-09 (1st Floor): $9,888 Ann.
187-09 (2nd Floor): $17,460 Ann.
187-11 (1st Floor): $13,865.40 Ann.
187-11 (2nd Floor): $16,440 Ann.
187-15 (1st Floor): $14,449.32 Ann.
187-15 (2nd Floor): $13,423.80 Ann.
187-17 (1st Floor): $13,878 Ann.
187-17 (2nd Floor): $13,395.48 Ann.
187-19 (1st Floor): $14,316.48 Ann.
187-19 (2nd Floor): $16,500 Ann.
187-21 (1st Floor): $13,622.76 Ann.
187-21 (2nd Floor): $13,869.84 Ann.
187-22 (1st Floor): $13,560 Ann.
187-22 (2nd Floor): $18,264 Ann.
187-24 (1st Floor): $18,000 Ann.
187-24 (2nd Floor): $16,581 Ann.
187-26 (1st Floor): $13,440 Ann.
187-26 (2nd Floor): $13,720.08 Ann.
187-28 (1st Floor): $17,653.08 Ann.
187-28 (2nd Floor): $13,758 Ann.
Private 50 Car Gated Parking Lot: $240,000 Ann. (Available)
Pro Forma Gross Income: $589,688.88 Ann.
Expenses:
Gas: $30,974.93 Ann.
Insurance: $28,500 Ann.
Taxes: $108,492 Ann.
Water & Sewer: $15,688.92 Ann.
Total Expenses: $183,655.85 Ann.
Net Operating Income (NOI): $406,033.03 Ann. (Pro Forma 10.18% Cap!!!)
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Amenities
- Electricity Available
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.
