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7511-7513 Metropolitan Ave 5,892 SF 100% Leased Retail Building Middle Village, NY 11379 $3,450,000 ($585.54/SF)
Investment Highlights
- Calling All Investors, Developers, & End-Users!!! 3 Unit Mixed-Use Building On A Huge 10,500 Sqft. Lot In Middle Village For Sale!!!
- The Property Is Located In the Heart Of Middle Village Minutes From The Metro Mall & Has 55’ Of Frontage On Busy Metropolitan Avenue!!!
- The Laundromat Can Be Delivered Vacant If Need Be.
- The Property Features Excellent Signage, Great Exposure, R5/C1-3 Zoning, Huge Rear Yard, High 9’ Ceilings, Sprinklers, Security Camera System, +++!!!
- Neighbors Include TD Bank, Webster Bank, Amazon, BJ’s Wholesale Club, Petco, Raymour & Flanigan, Ashley Furniture, Bob’s Discount Furniture, +++!!!
- This Property Offers HUGE Upside Potential!!!
Executive Summary
Calling All Investors, Developers, & End-Users!!! 3 Unit Mixed-Use Building On A Huge 10,500 Sqft. Lot In Middle Village For Sale!!! The Property Features Excellent Signage, Great Exposure, R5/C1-3 Zoning, Huge Rear Yard, High 9’ Ceilings, Sprinklers, 15 Parking Spaces, Security Camera System, Separate Meters, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Located In the Heart Of Middle Village Minutes From The Metro Mall!!! The Property Has 55’ Of Frontage On Busy Metropolitan Avenue!!! Neighbors Include TD Bank, Webster Bank, Amazon, BJ’s Wholesale Club, Petco, Raymour & Flanigan, Ashley Furniture, Bob’s Discount Furniture, 7-Eleven, Dunkin’, Dollar Tree, Michaels, Panera Bread, Salvation Army, Dick’s Sporting Goods, Regal Cinemas, Wendy’s, Arby’s, +++!!! The Laundromat Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site or The Next Home For Your Business!!!
Income:
Laundromat: $84,000 Ann.; 3% Ann. Inc.; Lease Exp.: 8/1/36. (1) 10 Year Option.
Pharmacy: $48,000 Ann.; 4% Ann. Inc.; Lease Exp.: 8/1/28. (1) 5 Year Option.
Recording Studio: $37,800 Ann.; 3% Ann. Inc.; Lease Exp.: 9/1/28.
Tax Rebate: $2,250 Ann.
Gross Income: $172,050 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Water & Sewer: $0 Ann.
Insurance: $4,382 Ann.
Taxes: $45,096 Ann.
Total Expense: $49,478 Ann.
Net Operating Income (NOI): $122,572 Ann.
Income:
Laundromat: $84,000 Ann.; 3% Ann. Inc.; Lease Exp.: 8/1/36. (1) 10 Year Option.
Pharmacy: $48,000 Ann.; 4% Ann. Inc.; Lease Exp.: 8/1/28. (1) 5 Year Option.
Recording Studio: $37,800 Ann.; 3% Ann. Inc.; Lease Exp.: 9/1/28.
Tax Rebate: $2,250 Ann.
Gross Income: $172,050 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Water & Sewer: $0 Ann.
Insurance: $4,382 Ann.
Taxes: $45,096 Ann.
Total Expense: $49,478 Ann.
Net Operating Income (NOI): $122,572 Ann.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$172,050
|
$29.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$172,050
|
$29.20
|
| Taxes |
$45,096
|
$7.65
|
| Operating Expenses |
$4,382
|
$0.74
|
| Total Expenses |
$49,478
|
$8.40
|
| Net Operating Income |
$122,572
|
$20.80
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $172,050 |
| Annual Per SF | $29.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $172,050 |
| Annual Per SF | $29.20 |
| Taxes | |
|---|---|
| Annual | $45,096 |
| Annual Per SF | $7.65 |
| Operating Expenses | |
|---|---|
| Annual | $4,382 |
| Annual Per SF | $0.74 |
| Total Expenses | |
|---|---|
| Annual | $49,478 |
| Annual Per SF | $8.40 |
| Net Operating Income | |
|---|---|
| Annual | $122,572 |
| Annual Per SF | $20.80 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,892 SF
Building Class
B
Year Built
1931
Price
$3,450,000
Price Per SF
$585.54
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.56
Lot Size
0.24 AC
Zoning
R5 C1-3 - R5B with a C2-2 overlay
Parking
15 Spaces (2.55 Spaces per 1,000 SF Leased)
Frontage
55’ on Metropolitan Avenue
Amenities
- 24 Hour Access
- Fenced Lot
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Hannah Laundromat Inc
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Hannah Laundromat Inc | Services | - | - | - |
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03066-0023 | Total Assessment | $415,710 |
| Land Assessment | $145,350 | Annual Taxes | $45,096 ($7.65/SF) |
| Improvements Assessment | $270,360 | Tax Year | 2026 |
Property Taxes
Parcel Number
03066-0023
Land Assessment
$145,350
Improvements Assessment
$270,360
Total Assessment
$415,710
Annual Taxes
$45,096 ($7.65/SF)
Tax Year
2026
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7511-7513 Metropolitan Ave