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755 E Park Ave
Long Beach, NY 11561
755 PARK STREET · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Building Size
3,800 SF
Building Class
C
Year Built
1928
Tenancy
Single
Building Height
1 Story
Building FAR
0.97
Lot Size
0.09 AC
Zoning
RO-3 - Grandfathered mixed use, RESIDENTIAL-OFFICE DISTRICT
Frontage
2’ on Park Ave
Amenities
- 24 Hour Access
- Signage
About 755 E PARK AVE , LONG BEACH, NY 11561
Mixed Use property - Retail Store with full basement located on Park Avenue. In rear of property separate 1 bedroom apartment. Concrete sideyard and backyard. ROI will substantially increase as the property is re-positioned. Mixed Use Property (Grandfathered) Consisting of existing retail space 1800 SF, basement of 1000 SF and a 1 Bedroom residential attached cottage. Long term retail tenant (actual) $56,744 K per year and under market 1 bedroom cottage rental (projected) be $21,600 K Expenses - Taxes - $14,472 Insurance at $3,800 Income - Bicycle Store - $56,744 (actual) and Apartment - $21,600 (projected) for a total of - $78,344 for a net of Net - $60,072.
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,398 | |
| Land Assessment | $980 | Total Assessment | $3,378 |
Property Taxes
Parcel Numbers
Land Assessment
$980
Improvements Assessment
$2,398
Total Assessment
$3,378
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