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

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 wedding store, restaurant, and one vacant. 2ND FL has Piano Academy, Office, and 6,000 Sqft vacant space. This building was fully renovated 10 years ago with new plumbing system and 10 separate meters. The projected net income is $462K (tenants are responsible for 40% of the total tax) Owner has already started applying for Tax Grievance

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
5
Last Updated
1/11/2019
Listing Provided By
Barbie Li
B Square Realty

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Contact Agent

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