Overview
Calling All Investors, Developers & End-Users!!! MAJOR 42, 522 Sqft. Queens Development Site For Sale Featuring Proforma 9.5 Cap 11 Unit Mixed-Use Building With HUGE Yard For Sale!!! The Property Features Great Exposure, Excellent Signage, Strong R5/C1-2 Zoning, 138 Parking Spaces, High 10’ Ceilings, 4 Lots, 8 Apartments, 3 Commerical Spaces, HUGE Yard, 2 Strategically Placed Curb Cuts, Separate Meters, CAC, +++!!! The Property Is Located In The Heart Of Far Rockaway Minutes From The Rockaway Fwy. In Between Beach Channel Dr. & Seagirt Blvd. !!! Neighbors Include Walmart, Chase Bank, CitiBank, Wyndham Hotels, BP Gas, U-Haul, CVS, T-Mobile, Boost Mobile, Dunkin’, McDonald’s, Key Food, Papa John’s, Domino’s, Popeye’s, Dollar General, Golden Krust, +++!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Furniture Store (3, 648 Sqft.): $92, 620 Ann. M-M. 6 Rooms: $18, 960 Ann.; M-M. 7 Rooms: $19, 200 Ann.; M-M. 7 Rooms: $13, 120 Ann.; M-M. 6 Rooms: $17, 640 Ann.; M-M. Parking For 6 Cars: $48, 000 Ann.; M-M. Yard (38, 000 Sqft.): $600, 000 Ann. (Available) Proforma Gross Income: $809, 540 Ann. Expenses: Gas: $0 Ann. Electric: $3, 100 Ann. Maintenance & Repairs: $2, 250 Ann. Water & Sewer: $5, 800 Ann. Insurance: $6, 000 Ann. Flood Insurance: $3, 000 Ann. Taxes: $129, 011.04 Ann. Total Expenses: $149, 161.04 Ann. Net Operating Income (NOI): $660, 378.96 Ann. (Proforma 9.5 Cap!!!)