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
Year Built
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