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78 Carleton Ave
Central Islip, NY 11722
Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Bank
Building Size
2,416 SF
Building Class
C
Year Built
1960
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.69 AC
Zoning
BD
Parking
49 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
63’ on Carleton Ave
Amenities
- Dedicated Turn Lane
- Signage
- Drive Thru
About 78 CARLETON AVE , CENTRAL ISLIP, NY 11722
Stan Johnson Company, as exclusive agent, is proud to offer for sale to qualified investors the opportunity to acquire 78 Carleton Avenue in Islip, New York - a Citibank branch located within the New York Metropolitan area of Long Island in Suffolk County. This Citibank branch has a total NOI of $75,198.63 and a primary lease term of five-plus years remaining. The lease calls for annual rent increases on May 1 based upon the U.S. City Average CPI index (CPI-U), capped at 3% per annum. The first renewal option for this location is at fair market value (FMV) with the location operating significantly below current market rents. This freestanding, single-tenant bank branch has been in operation for over 25 years.
Property Taxes
| Parcel Number | 0500-120-00-04-00-027-000 | Improvements Assessment | $78,600 |
| Land Assessment | $76,400 | Total Assessment | $155,000 |
Property Taxes
Parcel Number
0500-120-00-04-00-027-000
Land Assessment
$76,400
Improvements Assessment
$78,600
Total Assessment
$155,000
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