1027 Beach 20th ST Far Rockaway, NY 11691
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 850258
Rental Info No
Year Built 1931
Annual Tax Amount $23,265
Lot Size 8,001 Sqft
Acres 0.1837
Property Sub-Type Business
Source onekey2
Property Description
Income:
Community Center (37,50 Sqft.): $147,600 Ann.; 3% Ann. Inc; Lease Exp.: 2027 + (1) 5 Year Option.
2nd Floor (3,750 Sqft.): $112,500 Ann. (Available)
3rd Floor (3,750 Sqft.): $127,500 Ann.(Available)
LL (3,750 Sqft.): $68,200 Ann. (Available)
Pro Forma Gross Income: $455,800 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $0 Ann.
Insurance: $3,823 Ann.
Flood Insurance: $3,000 Ann.
Taxes: $23,265.32 Ann.
Total Expenses: $30,338.32 Ann.
Net Operating Income (NOI): $425,461.68 Ann. (Pro Forma 20.26% Cap!!!)
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Location
State NY
County Queens
Interior
Cooling Central Air
Fireplace No
Exterior
Utilities Available See Remarks
Building
Story 3
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Brick,Other
Others
Special Listing Condition None
Salmon Real Estate has been selling residential homes and commercial property on Staten Island since 1956, making us the oldest independent real estate firm on Staten Island.
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