33 Park Place , Lynbrook, NY 11563
Lynbrook, NY 11563
Description
Calling All Investors, Developers & End-Users!!! Approved Buy & Build 6 Condo Project For Sale!!! The Property Features Great Exposure, Excellent Signage, 200 Amp Power, High 9' Ceilings, 18 Parking Spaces, Sprinklers, Strong Zoning, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Lynbrook Just Blocks From The Lynbrook LIRR & Sunrise Hwy.!!! Neighbors Include Audi, Mercedes-Benz, Ford, Starbucks, Wyndham Hotels, CubeSmart Self Storage, 7-Eleven, Dunkin, Mavis Discount Tire, Enterprise-Rent-A-Car, Mattress Firm, Taco Bell, KFC, +++!!! This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site / Home For Your Business!!! Income: 33A (2 Br., 2 Bath): $43,200 Ann. (Available) 33B (2 Br., 2 Bath): $43,200 Ann. (Available) 33C (2 Br., 2 Bath): $43,200 Ann. (Available) 33D (2 Br., 2 Bath): $43,200 Ann. (Available) 33E (2 Br., 2 Bath): $43,200 Ann. (Available) 33F (2 Br., 2 Bath): $43,200 Ann. (Available) Pro Forma Gross Income: $259,200 Ann. Expenses: Maintenance & Repairs: $250 Ann. Insurance: $2,813 Ann. Taxes: $13,584.83 Ann. Total Expenses: $16,647.83 Ann. Net Operating Income (NOI): $242,553 Ann. (Pro Forma 19.40 Cap!!!)
Details
| MLS# | 3530048 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 252 |
| Listing Provided By | All Island Estates Realty Corp | Richard Matt Shane |
Features
| Story(s) | 2 |
|---|---|
| Units | 6 |
| Zoning | Res Grnhse |
| Acreage | 0.25 |
Market Activity 11563
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Learn More About This Property
| State | NY |
|---|---|
| County | Nassau |
| City | Lynbrook |
| Zip Code | 11563 |
| Subarea | 6 |
| Listing VS Median (in 11563) | |
Price: $1,250,000 low | high Med: $739,450 On Site: 252 low | high Med: 132.000000 | |