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559-561 Lake Ave 4,023 SF 100% Leased Office Building Saint James, NY 11780 $975,000 ($242.36/SF)
INVESTMENT HIGHLIGHTS
- High Visibility
- Fully Rented
- on site parking
EXECUTIVE SUMMARY
Two story Masonry Building, four rental units. Three commercial store rental, one second floor residential apartment. Ample on site 21 car parking spaces. 100 ft Frontage on Lake Avenue. Across from St. James Elementary School. Four separate electric meters, Gas, Oil, Electric and pump heating.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
4,023 SF
Building Class
C
Year Built
1976
Price
$975,000
Price Per SF
$242.36
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,023 SF
Slab To Slab
10’
Building FAR
0.37
Lot Size
0.25 AC
Zoning
CB - Zoned Central Business
Parking
21 Spaces (5.22 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Central Heating
- Air Conditioning
1 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 0800-036-00-03-00-002-000 | Improvements Assessment | $9,905 |
| Land Assessment | $1,000 | Total Assessment | $10,905 |
PROPERTY TAXES
Parcel Number
0800-036-00-03-00-002-000
Land Assessment
$1,000
Improvements Assessment
$9,905
Total Assessment
$10,905
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559-561 Lake Ave
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