771a-775 Famingdale Road This is an excellent opportunity to own a commercial property with an approximate 5% cap rate. The property includes 9 parking spaces and generates a monthly rental income of $6, 000, with the tenant responsible for all utilities and property taxes. • Annual property tax: $29, 599.42 • Owner expenses: Approximately $5, 000/year for property insurance • Roof: Replaced about 3 years ago • Tenant: A dry cleaning business that has operated at this location for approximately 25 years • Lease: Long-term lease in place — 10 years with a 5-year renewal option