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225 & 227 Albany Avenue Babylon, NY 11701
$1,088,000
  • Commercial
  • 4021 SqFt
  • Year Built 1952
  • Mixed Use
  • ML# 3590600

Property Details

Overview

Calling All Investors, Developers & End-Users!!! 7 Unit 2 Building Mixed-Use Development Site Just Off Sunrise Highway For Sale!!! The Buildings Feature Will Feature Great Exposure, Excellent Signage, 23 Parking Spaces, High Ceilings, Strategically Placed Curb Cuts, A/C, All New LED Lighting, 200 Amp Power, +++!!! Neighbors Include Starbucks, Mercedes-Benz, Kia, Nissan, 7-Eleven, Northwell Heath, Target, The Home Depot, QuickChek, Extra Space Storage, Dunkin’, Walgreens, CityMD, Valero, Taco Bell, McDonald’s, Checkers, KFC, Burger King, Red Lobster, Dollar Tree, +++!!! The Property Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 225: Real Estate Office (900 Sqft.): $33, 600 Ann. (Available) Deli (900 Sqft.): $33, 600 Ann. (Available) 227: First Floor: Office 1: $9, 600 Ann. M-M. (Available) Office 2: $9, 600 Ann. M-M. (Available) Office 3: $14, 400 Ann. M-M. (Available) Second Floor: Apt 1 (1 Br., 1 Bath): $22, 800 Ann. M-M. (Available) Apt 2 (1 Br., 1 Bath): $22, 800 Ann. M-M. (Available) Pro Forma Gross Income: $146, 400 Ann. Expenses: Gas: $0 Electric: $0 Insurance: $2, 328 Ann. Taxes: $23, 394 Ann. Total Expenses: $25, 722 Ann. Net Operating Income (NOI): $120, 678 Ann. (Pro Forma 11.09% Cap!!!)

Key Facts

  • SqFt: 4021.00
  • Lot Sq Ft: 11250
  • Taxes: $23,394
  • Sale or Rent: Sale
  • Block: 3
  • Lot: 28 & 29

Additional Features

Financial

  • Taxes: $23,394
Listing Information provided courtesy of All Island Estates Realty Corp  
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