Address
1550 Montauk Highway Mastic, NY
Price
$ 1,588,000
Property Attributes
  • MLS#3299337
  • TypeCommercial
  • CountySUFFOLK
  • CityMastic
  • Area25
  • Zip11950
  • StyleApartment
  • Price$ 1,588,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.41 Acres
Listing Provided Courtesy Of:
Richard Matt Shane | with All Island Estates Realty Corp
Data Source:
OneKey MLS
Property Description

Calling All Investors, Developers & End-Users!!! 8.6 Cap 8 Family Apartment Building For Sale (100% Occupied; All Free Market)!!! Located On Busy Montauk Highway (This Portion Of Montauk Highway Has A Daily Traffic Count Of Over 22,500 Cars Per Day)!!! The Property Features Great Exposure, Excellent Signage, Separate Meters, Ample Parking, Strategically Placed Curb Cuts, +++!!! An Additional 7,841 Sqft. Residential Lot Is Included In The Sale!!! The Property Is Located Across The Street From Dunkin' Donuts. Neighbors Include McDonald's, Walgreens, Burger King, CVS, AutoZone, State Farm, Dominos, +++!!! Income: 1A (1 Br): $21,696 2A (1 Br): $20,016 3A (3 Br): $23,400 4A (2 Br): $21,696 1B (2 Br): $20,016 2B (2 Br): $21,696 3B (2 Br): $21,696 4B (2 Br): $23,100 Gross Income: $173,316 Expenses: Oil: $3,000 Insurance: $3,200 Electric: $1,200 Maintenance & Repairs: $250 Taxes: $28,126 Water: $1,200 Snow + Landscaping: $500 Total Expenses: $37,476 Net Operating Income (NOI): $135,840

Price History
3/31/2021 Listed $1,588,000

General Features

Buildingareaunits Square Feet
Business Type Apt House
Heating Oil
Property SubType Apartment
Property Type Commercial Sale
Sewer Sewer
Tax Annual Amount 0.00
Total Units 8
Zoning Description Apt Bldg

Interior Features

Ceiling Height 1

Exterior Features

Buildingsize 5800
Businessparkingspaces 16
Lot Size Acres 0.4100
Lot Size Area 0.4100
Lot Size Source Other
Lot Size Square Feet 17860.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 11950

Price
AVG $590K
$1.59M
Year Built
AVG 1977
1950

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover

Fair Housing Icon NY Fair Housing Notice