Description

Calling All Investors, Developers, & End-Users!!! Unique 10, 000 Sqft. Corner Development Site In Bayside For Sale Asking Only $2.55m-$2.95m!!! The Property Features Excellent Signage, Great Exposure, Strong R3X Zoning, 20 Parking Spaces, High 12’ Ceilings, Separate Meters, Low Property Taxes, Full Basement, Separate Entrances, Gated Lot, Yard, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Bayside On A HUGE 10, 000 Sqft. Lot Just 5 Blocks From The LIRR & 3 Blocks From Bell Blvd.!!! The Property Is Situated In Between Northern Blvd., The Cross Island Parkway & Clearview Expressway!!! Neighbors Include Starbucks, UPS, Stop & Shop, CubeSmart Self Storage, Dunkin’, Sephora, Staples, Five, Guys, Outback Steakhouse, Panera Bread, Walgreens, Duane Reade, Powerhouse Gym, Dollar Tree, Domino’s, Taco Bell, McDonald’s, Baskin-Robbins, Wendy’s, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Unit 1 (800 Sqft; 1 Br. Apt.): $34, 200 Ann. (Available) Unit 2 (1, 500 Sqft.; 1 Br. Apt.): $23, 400 Ann.; Lease Exp.: 1/1/25. Has Upstairs Loft That Could Be Turned Into 2 Additional Bedrooms. Unit 3 (800 Sqft.; 2 Br. Apt.): $23, 220 Ann.; Lease Exp.: 2/1/24. Unit 4 (800 Sqft.; 1 Br. Apt.): $43, 800 Ann.; Has 700 Sqft. Attic That Can Be Turned Into An Additional Bedroom. (Available) Unit 5 (1, 800 Sqft.; 2 Br. Apt.): $55, 800 Ann. (Available) Unit 6 (1, 000 Sqft.; 2 Br. Apt.): $31, 800 Ann. M-M. Pro Forma Gross Income: $212, 220 Ann. Expenses: Oil : $9, 823 Ann. Electric: $480 Ann. (Porch Lights Only) Water + Sewer: $2, 300 Ann. Insurance: $8, 167 Ann. Maintenance & Repairs: $650 Ann. Taxes: $34, 899.28 Ann. 658 Total Expenses: $56, 319.28 Ann. Net Operating Income (NOI): $155, 901 Ann.