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275 Dixon Ave 17,800 SF 97% Leased Office Building Amityville, NY 11701 $4,250,000 ($238.76/SF) 6.40% Cap Rate



INVESTMENT HIGHLIGHTS
- For Sale: Office Building in Amityville, NY
- Two Tenants have 3.5% Annual Increases in Rent
- Solar Panels on Roof & Additional Renovation Occurred around 2001
- 1 Vacancy (Garage Space) - Provides for a Great Lease-Up Opportunity
- On-Site Parking with 60 Spaces - 48 in Big Lot; 12 in Smaller Lot on Prince Chico
- Close Proximity to Sunrise Hwy
EXECUTIVE SUMMARY
American Investment Properties is exclusively retained to sell the property located at 275 Dixon Ave, Amityville, NY. At this location is an office building that currently has one vacancy. There are increases in rent for some tenants and the property has 60 on-site parking spaces.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
17,800 SF
Building Class
B
Year Built/Renovated
1970/1992
Price
$4,250,000
Price Per SF
$238.76
Cap Rate
6.40%
NOI
$271,818
Percent Leased
97%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
17,800 SF
Building FAR
0.40
Lot Size
1.01 AC
Zoning
Commercial
Parking
60 Spaces (3.37 Spaces per 1,000 SF Leased)
AMENITIES
- Fenced Lot
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 0101-004-00-02-00-005-000 | Improvements Assessment | $16,920 |
| Land Assessment | $2,730 | Total Assessment | $19,650 |
PROPERTY TAXES
Parcel Number
0101-004-00-02-00-005-000
Land Assessment
$2,730
Improvements Assessment
$16,920
Total Assessment
$19,650
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275 Dixon Ave
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