GET MORE INFORMATION
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.
$ 950,000
$ 925,000 2.7%
Est. payment /mo
Sold on 12/04/2024
18-02 Cross Bay BLVD #3 Broad Channel, NY 11693
UPDATED:
Key Details
Sold Price $950,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID KEYL3462336
Sold Date 12/04/24
HOA Y/N No
Originating Board onekey2
Rental Info No
Year Built 1966
Annual Tax Amount $1,635
Lot Dimensions 100x95
Property Sub-Type Mixed Use
Property Description
Calling All Investors, Developers & End-Users!!! 18.41 Cap Restaurant / Bar Mixed Use Building On 9,500 Sqft. Lot For Sale!!! The Property Features Great Exposure, Excellent Signage, 18 Parking Spaces, Strong R34 Zoning, Parking Lot, High 10' Ceilings, 4 Br. Apartment, Backyard, Deck, Garage, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Broad Channel Minutes From The Cross Bay Bridge & Rockaway Beach!!! Neighbors Include Starbucks, Verizon, Chase Bank, Western Union, Stop & Shop, Dunkin', Mobil, Walgreens, YMCA, Key Food, Popeye's, +++!!! The Entire Building Can Be Delivered Vacant If Need Be. This Property Has HUGE Upside Potential!!! This Could Be Your Next Investment Property / Home For Your Business!!! Income: Restaurant / Bar: $96,000 Ann. (Available) 4 Br. Apartment: $48,000 Ann. M-M. Garage: $13,800 Ann. (Available) Yard: $21,600 Ann. (Available) Gross Income: $179,400 Ann. Expenses: Propane: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Water: $0 Ann. Insurance: $2,600 Ann. Taxes: $1,635 Ann. Total Expenses: $4,485 Ann. Net Operating Income (NOI): $174,915 Ann. (Pro Forma 18.41 Cap!!!)
Location
State NY
County Queens
Interior
Fireplace No
Exterior
Total Parking Spaces 18
Private Pool No
Building
Story 2
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp
Bought with All Island Estates Realty Corp
Bought with All Island Estates Realty Corp
GET MORE INFORMATION
QUICK SEARCH