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640 Montauk Hwy 9,000 SF 100% Leased Office Building Shirley, NY 11967 $2,400,000 ($266.67/SF) 5.67% Cap Rate
EXECUTIVE SUMMARY
-Long Tenured Tenants
-Partial Recoup of Taxes, Insurance and Utilities
-Big Lot, Opportunity to build up or out
-Value Add Opportunity
-Partial Recoup of Taxes, Insurance and Utilities
-Big Lot, Opportunity to build up or out
-Value Add Opportunity
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
9,000 SF
Building Class
C
Year Built
1985
Price
$2,400,000
Price Per SF
$266.67
Cap Rate
5.67%
NOI
$135,985
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,500 SF
Slab To Slab
10’
Building FAR
0.15
Lot Size
1.35 AC
Zoning
Medical/Business - Medical and business use.
Parking
75 Spaces (8.33 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Natural Light
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PROPERTY TAXES
| Parcel Number | 0200-879-00-01-00-038-001 | Improvements Assessment | $5,500 |
| Land Assessment | $600 | Total Assessment | $6,100 |
PROPERTY TAXES
Parcel Number
0200-879-00-01-00-038-001
Land Assessment
$600
Improvements Assessment
$5,500
Total Assessment
$6,100
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640 Montauk Hwy
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