Commercial Street Retail/Office/Wet w/ 1 Bedroom Apartment *Owner Financing - Availability Details

For SaleContact for pricing

5 Mastic Rd, Mastic Beach, NY 11951

  • Mixed Use
  • Office / Retail / Residential

Nearby Listings

Details

  • Sale Price Contact for pricing
  • City Mastic Beach
  • Zip Code 11951
  • Market Long Island
  • Property Type Mixed Use - Office / Retail / Residential
  • Property Size 1,600 Sqft
  • Lot Size 9,148 Acre
  • Parking Spaces Avail. 8
  • Parking Ratio 6.00/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class D
  • Year Built 1982
  • Year Renovated 2017
  • Date Updated 27 Mar, 2019
  • Construction Type Frame

Description

Commercial Retail Free Standing w/ 1 Bedroom Apt.

Price $149,000 Commission Split 2%
Building Size 1,510 SF Occupancy 0%
Price/SF $98.68 No. Stories 1
Property Type Retail Tenancy Multiple
Property Sub-type Free Standing Bldg Year Built 1973
Property Use Type Investment Lot Size 9,148 SF

Description

Property Desc:Best Value Priced Opportunity To Own A Rare Multi Unit Prime Highway Commercial Property. Rear 1 Bedroom Apartment And Street Facing Retail. Off Street Customer Parking. East Side Of A Double Yellow Highway. Steps Away From Hard Corner W/ High V.P.D. For Signage Exposure. Multi Unit Condos Under Construction Nearby. End User Or Investor Ready. 

Bring Offers.Price negotiable.

Strong Commercial financial Investments witnessed with New Construction and Expansion in existing construction through out area Commercial corridors. New Construction of Multi Unit Residential within 1 mile. Minutes to Smith Point Beach.

Highlights

  • Mixed Use Opportunity
  •  
  • Perfect for End User or Investor / Experienced or Beginner
  • Free Standing w/ Rear Parking
  •  
  • Separate Electric Meters
  • Signage Exposure / Feet from Hard Corner Intersection
  •  
  • Across From Convenience Market

Financial Summary (Proforma)

Year 2017 Operating Expenses $6,000
Scheduled Gross Income $27,600

Debt & Equity Information

Debt Type Existing Due In 30
Loan Amount $119,200 Annual Debt Service $15,408
Interest Rate 4% Down Payment $29,800
Amortized Over 30 Loan Description Commercial Lending with 20% Down

Highlights

  • 2 Units (1 ) Commercial & (1) Residential
  • Separate Entrances / Separate Electric Meters
  • Off Street Parking
  • Excellent Cash on Cash return

Commercial Broker

broker

Todd Romano

Hampton Estates Realty

L.S.A/C.B.R Commercial Manager

(631) 394-0733

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