241,247+ Albany Avenue

Babylon, New York

Calling All Investors, Developers & End-Users!!! 92,930+ Sqft. Development Site Just Off Sunrise Highway For Sale!!! The Buildings Feature Great Exposure, Excellent Signage, 8 Lots, 184 Parking Spaces, High Ceilings, Strategically Placed Curb Cuts, A/C, All New LED Lighting, 200 Amp Power, +++!!! The Properties Have 300+ Feet Of Frontage On Albany Ave.!!! Neighbors Include Starbucks, Mercedes-Benz, Kia, Nissan, 7-Eleven, Northwell Health, 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 Entire 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: 241-243: 3 Unit Mixed-Use Building Barbershop: $19,800 Ann. M-M (Delivered Vacant) Salon: $20,400 Ann. M-M (Delivered Vacant) 1 Br Apartment: $26,400 Ann. M-M (Delivered Vacant) 249: 8 Br., 2 Bath House: $72,000 Ann. M-M (Delivered Vacant) 251: Legal 2 Family House 1st Floor 3 Br Apt.: $42,000 Ann. (Delivered Vacant) 2nd Floor 2 Br Apt. $33,600 Ann. (Delivered Vacant) 253: Vacant Lot: $48,000 (Delivered Vacant) 261: Legal 2 Family House 1st Floor (2 Br. Apt.): $30,000 Ann. M-M (Delivered Vacant) 2nd Floor (2 Br. Apt.): $30,000 Ann. M-M (Delivered Vacant) 267: Parking for Various Trucks: $24,000 Ann. M-M. (Delivered Vacant) Pro Forma Gross Income: $346,200 Ann. Expenses: Gas: $0 Electric: $0 Insurance: $2,842 Ann. Taxes: $40,777 Ann. Total Expenses: $43,619 Ann. Net Operating Income (NOI): $302,581 Ann. (Pro Forma 13.83 Cap!!!) , or