Courtesy of: Richard Matt Shane, All Island Estates Realty Corp, matthewshane8828@gmail.com
Courtesy of: Richard Matt Shane, All Island Estates Realty Corp, matthewshane8828@gmail.com
$3,988,000
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Other
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$3,988,000
18722-18728 & 18705-18721 Foch & Bailey Boulevard Calling All Investors, Developers & End-Users!!! 10.18 Cap 24 Unit Corner Garden Apartment Building Package In Jamiaca For Sale!!! The Building Features Excellent Signage, Great Exposure, 50 Parking Spaces In A Private Gated Lot, Controlled Access (Electric Gate), High Ceilings, R3-2 Zoning, 2 Strategically Placed Curb Cuts, All New LED Lighting, 3 Phase Power, A/C, +++!!! The Property Is Located In The Heart Of Saint Albans Just Off Linden Blvd. Between Farmers Blvd. & Merrick Blvd.!!! Neighbors Include Starbucks, TD Bank, Hilton Hotels, Marriott Hotels, Walmart, The Home Depot, Stop & Shop, CVS, Walgreens, Key Food, Marshalls, Boost Mobile, Aldi, McDonald's, Taco Bell, Wendy's, Burger King, White Castle, Wonder, Wingstop, IHOP, +++!!! The Buildings Have 420' Of Wrap-Around Frontage On Baisley Blvd. & Foch Blvd.!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 187-05 (1st Floor): $14, 940 Ann. 187-05 (2nd Floor): $8, 580 Ann. 187-07 (1st Floor): $13, 883.64 Ann. 187-07 (2nd Floor): $16, 200 Ann. 187-09 (1st Floor): $9, 888 Ann. 187-09 (2nd Floor): $17, 460 Ann. 187-11 (1st Floor): $13, 865.40 Ann. 187-11 (2nd Floor): $16, 440 Ann. 187-15 (1st Floor): $14, 449.32 Ann. 187-15 (2nd Floor): $13, 423.80 Ann. 187-17 (1st Floor): $13, 878 Ann. 187-17 (2nd Floor): $13, 395.48 Ann. 187-19 (1st Floor): $14, 316.48 Ann. 187-19 (2nd Floor): $16, 500 Ann. 187-21 (1st Floor): $13, 622.76 Ann. 187-21 (2nd Floor): $13, 869.84 Ann. 187-22 (1st Floor): $13, 560 Ann. 187-22 (2nd Floor): $18, 264 Ann. 187-24 (1st Floor): $18, 000 Ann. 187-24 (2nd Floor): $16, 581 Ann. 187-26 (1st Floor): $13, 440 Ann. 187-26 (2nd Floor): $13, 720.08 Ann. 187-28 (1st Floor): $17, 653.08 Ann. 187-28 (2nd Floor): $13, 758 Ann. Private 50 Car Gated Parking Lot: $240, 000 Ann. (Available) Pro Forma Gross Income: $589, 688.88 Ann. Expenses: Gas: $30, 974.93 Ann. Insurance: $28, 500 Ann. Taxes: $108, 492 Ann. Water & Sewer: $15, 688.92 Ann. Total Expenses: $183, 655.85 Ann. Net Operating Income (NOI): $406, 033.03 Ann. (Pro Forma 10.18% Cap!!!) Reply, Reply All or Forward Send
Courtesy of: Richard Matt Shane, All Island Estates Realty Corp, matthewshane8828@gmail.com
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