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- LoopNet Team
2570 Middle Country Rd
Centereach, NY 11720
2570 Middle Country Rd., Centereach, NY 11720 · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 3 Unit Commercial Property For Sale Asking Only $599,000 (7.52 Cap)
- Located On The Corner Of Busy Middle Country Rd. & Emery Lane
- Cash For Gold: $1,500 Per Month (Includes Water + Heat); 3 Year Lease (4% Annual Increase) 1/1/19-1/1/22 + Additional 3 Year Option W/ 4% Ann. Inc.
- 26+ Parking Spaces, Excellent Signage, CAC, Great Exposure, Multiple Curb Cuts, Solid Tenants
- Barber Shop: ($1,800 Per Month) 2 Years Left On The lease; Been Here Since 2013. Lease Exp. 2/1/2021 (No Annual Increase; Water, Electric & Heat Inc.)
- 2 Bedroom Apartment: $2,100 Per Month Which Includes Heat + Water
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Corner Lot
- Security System
- Signage
- Storage Space
- Air Conditioning
ABOUT 2570 MIDDLE COUNTRY RD , CENTEREACH, NY 11720
Calling All Investors!!! 3 Unit Commercial Property For Sale Offered At A 7.52 Cap!!! Located On The Corner Of Busy Middle Country Rd. & Emery Lane The Building Features 26+ Parking Spaces, Excellent Signage, CAC, Great Exposure, Multiple Curb Cuts, Solid Tenants, +++!!! Barber Shop: ($1,800 Per Month) 2 Years Left On The Lease; Been Here Since 2013. Lease Exp. 2/1/2021. No Annual Increase; Water, Electric & Heat Are Included In The Rent. Cash For Gold: $1,500 Per Month (Includes Water + Heat). Been Here Since 2014; 3 Year Lease (4% Annual Increase) 1/1/19-1/1/22 + Additional 3 Year Option with 4% Annual Inc. 2 Bedroom Apartment: $2,100 Per Month Which Includes Heat + Water Gross Income: $64,800 Expenses: Taxes: $10,890 Fuel: $2,640 Electric: $2,760 Maint/Repairs: $250 Miscellaneous: $400 Insurance: $2,800 Total Expenses: $19,740 Net Operating Income (NOI): $45,060 (7.52 Cap)
PROPERTY TAXES
| Parcel Number | 0200-514-00-04-00-008-000 | Improvements Assessment | $3,270 |
| Land Assessment | $2,330 | Total Assessment | $5,600 |
PROPERTY TAXES
