Great Neck Investment in BUSY location with 7.5% CAP - 11-19 Northern Blvd - Great Neck - New York - 11021 - MarketPier

Great Neck Investment in BUSY location with 7.5% CAP

11-19 Northern Blvd - Great Neck, New York 11021
$6,580,000
Listing Description

Lot Size:9,600 Sq.Ft Building Size:16,445 Sq.Ft Zoning:Residence C (R-C) B Square Realty is pleased to offer this extraordinary investment opportunity in Great Neck, NY. The subject property is a 2-stories building situated at the corner between Northern Blvd and Nassau Rd (Border of Little Neck/Great Neck) . The building has 100 feet frontage on Northern Blvd. 1ST FL has 3 Retails, includes a wedding store, a restaurant, and one law office. 2ND FL has a Piano Academy and a web company. This building was fully renovated 10 years ago with new plumbing system and 10 separate meters. The monthly income for the building is $45,000 (tenants are responsible for any tax beyond 100K). Owner is approved for Tax Grievance, the property tax is $130,000.

Listing Information
Type
Retail
Building Size
16,445 sqft
Lot Size
9,600 sqft
Price / SQFT
$400
No Units
6
Price / Unit
$1,096,667
Net Income
$492
Cap Rate
7.50%
Listing Date
1/11/2019
Days Active
187
Last Updated
7/1/2019
Listing Provided By
Barbie Li
B Square Realty

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Barbie Li
Listing Agent
barbieli@bsquarerealty.com
MarketPier
Buyer Agent
dhaas@haasdevelopment.com
858-215-4245