$830,000
$949,000
12.5%For more information regarding the value of a property, please contact us for a free consultation.
3,214 SqFt
SOLD DATE : 11/08/2024
Key Details
Sold Price $830,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,214 sqft
Price per Sqft $258
MLS Listing ID KEYL3524566
Year Built 1929
Annual Tax Amount $11,872
Property Description
Incredible mixed-use building located in the heart of Inwood, just minutes from JFK. This property offers a fantastic opportunity for a savvy investor or a business owner looking for the perfect location. Situated in a vibrant area with renowned neighbors such as Target, CVS, McDonald's + more. This property has excellent signage, great exposure + a huge parking lot boasting 10 spaces. The building itself has new LED lighting, AC units, gas heat + basement w/high ceiling + laundry. The 2 BR apt has an outside ramp for handicap access + offers an EIK, LR + full bath. The restaurant space comes equipped with a 7-foot hood, providing endless possibilities whether you're looking to open your dream restaurant or expand an existing business. The restaurant generates an annual income of $21,600, the 2 BR apt brings in $13,920/yr + the parking lot generates $9,600 annually w/potential for even greater income. Maintaining this property is a breeze, as gas, electric, water, snow removal + landscaping costs are all paid by the tenant. With owner expenses of just $16,623/yr including taxes, insurance + maintenance., Additional information: Rental Income:Y
Location
State NY
County Nassau County
Interior
Heating Natural Gas, Hot Water
Others
Special Listing Condition None
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Bought with Douglas Elliman Real Estate