225 & 227 Albany Avenue Babylon, New York
Listed By All Island Estates Realty Corp
The Commercial Property for Sale located at Babylon, New York is currently for sale. Babylon, New York is listed for $1,088,000. If the property located at Babylon, New York isn't what you're looking for, visit https://blueislandhomesny.xomio.com to see other Commercial Properties for Sale in Babylon .
Date Updated : Dec 12, 2024
MLS#: L3590600
$1,088,000 USD
Property features
Construction details
- Year built: 1952
Description
Calling All Investors, Developers & End-Users!!! 7 Unit 2 Building Mixed-Use Development Site Just Off Sunrise Highway For Sale!!! The Buildings Feature Will Feature Great Exposure, Excellent Signage, 23 Parking Spaces, High Ceilings, Strategically Placed Curb Cuts, A/C, All New LED Lighting, 200 Amp Power, +++!!! Neighbors Include Starbucks, Mercedes-Benz, Kia, Nissan, 7-Eleven, Northwell Heath, Target, The Home Depot, QuickChek, Extra Space Storage, Dunkin', Walgreens, CityMD, Valero, Taco Bell, McDonald's, Checkers, KFC, Burger King, Red Lobster, Dollar Tree, +++!!! The Property 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: 225: Real Estate Office (900 Sqft.): $33,600 Ann. (Available) Deli (900 Sqft.): $33,600 Ann. (Available) 227: First Floor: Office 1: $9,600 Ann. M-M. (Available) Office 2: $9,600 Ann. M-M. (Available) Office 3: $14,400 Ann. M-M. (Available) Second Floor: Apt 1 (1 Br., 1 Bath): $22,800 Ann. M-M. (Available) Apt 2 (1 Br., 1 Bath): $22,800 Ann. M-M. (Available) Pro Forma Gross Income: $146,400 Ann. Expenses: Gas: $0 Electric: $0 Insurance: $2,328 Ann. Taxes: $23,394 Ann. Total Expenses: $25,722 Ann. Net Operating Income (NOI): $120,678 Ann. (Pro Forma 11.09% Cap!!!)
Location
Listing Contact: 516-783-5600
