DESCRIPTION

Calling all investors, developers & end-users! 100% occupied 30,700+ sqft.  Corner building with private parking lot on prestigious northern blvd.  For sale! the property is located in the heart of bayside on northern blvd.  2 blocks from bell blvd.  & only minutes from the bayside lirr station! the property is situated midway between i-295 & the cross island pkwy.  The building features excellent signage, great exposure, r6b/r4/c2-2 zoning, high 17’ ceilings, private parking lot, 2 elevators, sprinklers, strategically placed curb cut, 3 stories, 23 parking spaces, 3 phase power, all new led lighting, cac+++! neighbors include starbucks, bmw, jeep-dodge-ram, nissan, usps, ups, northwell health, chase bank, capital one, citibank, td bank, investor’s bank, verizon, at&t, cubesmart self storage, staples, dunkin’, 7-eleven, tropical smoothie cafe, wendy’s, orangetheory fitness, bareburger, cvs, +++! the property has 101’ of frontage on northern blvd.  + 143’ of frontage on 215th st.  This property has a daily traffic count of 50,000+ vehicles per day! this property offers huge upside potential! this could be your next development site or the next home for your business! income: 1st floor: register abstract company (1,060 sqft.  ): $98,808.  12 ann.  ; 3% ann.  Inc.  ; lease exp.  : 1/31/30.  Lucia pizza (1,200 sqft.  ): $75,398.  23 ann.  ; 3% ann.  Inc.  ; lease exp.  : 6/30/32.  Tiger schulmann (3,500 sqft.  ): $166,980 ann.  ; 10% inc.  Every 5 years; lease exp.  : 9/30/29.  2nd floor: the learning experience (10,000 sqft.  ): $484,660.  08 ann.  ; 10% inc.  Every 5 years; lease exp.  : 4/30/35.  3rd floor: mark khandhorov, esq.  (1,800 sqft.  ): $60,000 ann.  ; 3% ann.  Inc.  ; lease exp.  : 1/31/28.  Rj capital (2,000 sqft.  ): $150,000 ann.  ; 3% ann.  Inc.  ; lease exp.  : 9/30/29.  Lend iq (8,500 sqft.  ): $150,000 ann.  ; 3% ann.  Inc.  ; lease exp.  : 10/31/34.  Ground floor: koh architecture (700 sqft.  ): $30,000 ann.  ; 10% inc.  Every 5 years; lease exp.  : 4/30/25.  Mava law (600 sqft.  ): $30,000 ann.  ; 10% inc.  Every 5 years; lease exp.  : 10/31/29.  Tax reimbursement: $96,185.  04 ann.  Cam reimbursement: $23,155.  20 ann.  Expenses: gas: $0 ann.  Electric: $15,000 ann.  Water: $3,900 ann.  Trash: $850 ann.  Insurance: $27,960 ann.  Maintenance & repairs: $1,991.  62 ann.  Taxes: $109,906.  16 ann.  Gross income: $1,365,186.  67 ann.  Total expenses: $159,607.  78 ann.  Net operating income (noi): $1,205,578.  89 ann.  (7.  14% cap!) reply, reply all or forward


Data is provided by OneKey MLS.