Description
Great income producing property on Northern Blvd. Gross Operating Income: $589,600/yr, NOI: $435,000/yr. Current tenant consist of total wedding shop, attorney's office, pastry shop & music school. Each floor has almost 9,000 sqft of rentable space. Situated at the border line of Little Neck and Great Neck. 100 feet of highly visible frontage exposure. Renovated and updated in 2007. Great investment opportunity in NYC & Nassau boundary. Rent Roll As of 1/1/2021 Total Wedding Shop $27,956.64/mo $335,479.73/yr 55% of total annual RE tax ~4/30/2021 + 5 yr Law Office $4,800/mo $57,600/yr ~6/30/2024 Donut Shop $5,500/mo $66,000/yr ~10/31/2025 + 5 yr + 5 yr Music School $5,000/mo $60,000/yr ~2/28/2023 + 5 yr
School Ratings & Info
Description
Great income producing property on Northern Blvd. Gross Operating Income: $589,600/yr, NOI: $435,000/yr. Current tenant consist of total wedding shop, attorney's office, pastry shop & music school. Each floor has almost 9,000 sqft of rentable space. Situated at the border line of Little Neck and Great Neck. 100 feet of highly visible frontage exposure. Renovated and updated in 2007. Great investment opportunity in NYC & Nassau boundary. Rent Roll As of 1/1/2021 Total Wedding Shop $27,956.64/mo $335,479.73/yr 55% of total annual RE tax ~4/30/2021 + 5 yr Law Office $4,800/mo $57,600/yr ~6/30/2024 Donut Shop $5,500/mo $66,000/yr ~10/31/2025 + 5 yr + 5 yr Music School $5,000/mo $60,000/yr ~2/28/2023 + 5 yr
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