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51 Carleton Ave 4,000 SF Retail Building Islip Terrace, NY 11752 $1,300,000 ($325/SF) 6.50% Cap Rate
EXECUTIVE SUMMARY
Prime location 5 unit building, 4 retail spaces and 1 residential, each retail space has full basement with 8’ ceilings, gas heat / hvac systems, individual electric and water meters. New 30 year roof on 2nd floor residential and newly sealed flat roof on 1st floor units. 16 parking stalls and 2 handicapped parking stalls. I/G sprinklers. Grease traps installed 2022 with Suffolk County Board of health approvals. (Do Not Disturb Tenants) call for details 516-639-3474
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,000 SF
Building Class
C
Year Built
1997
Price
$1,300,000
Price Per SF
$325
Cap Rate
6.50%
NOI
$84,500
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.18
Lot Size
0.50 AC
Zoning
GST - IDEAL OFFICE , SERVICE INDUSTRY WITH NICE PARKING LOT
Parking
18 Spaces (4.5 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0500-273-00-02-00-056-000 | Improvements Assessment | $38,900 |
| Land Assessment | $28,100 | Total Assessment | $67,000 |
PROPERTY TAXES
Parcel Number
0500-273-00-02-00-056-000
Land Assessment
$28,100
Improvements Assessment
$38,900
Total Assessment
$67,000
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Presented by
Steve D'Amico
51 Carleton Ave
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