$ 925,000
18-02 Cross Bay BLVD #3 Broad Channel, NY 11693
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 925,000
Est. payment /mo
Pending
18-02 Cross Bay BLVD #3 Broad Channel, NY 11693
9,583 Sqft Lot
UPDATED:
06/24/2024 04:10 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 3462336
Originating Board onekey
Rental Info No
Year Built 1966
Annual Tax Amount $1,635
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 100x95
Property Description
Calling All Investors, Developers & End-Users!!! 18.41 Cap Restaurant / Bar Mixed Use Building On 9,500 Sqft. Lot For Sale!!! The Property Features Great Exposure, Excellent Signage, 18 Parking Spaces, Strong R34 Zoning, Parking Lot, High 10' Ceilings, 4 Br. Apartment, Backyard, Deck, Garage, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Is Located In The Heart Of Broad Channel Minutes From The Cross Bay Bridge & Rockaway Beach!!! Neighbors Include Starbucks, Verizon, Chase Bank, Western Union, Stop & Shop, Dunkin', Mobil, Walgreens, YMCA, Key Food, Popeye's, +++!!! The Entire Building Can Be Delivered Vacant If Need Be. This Property Has HUGE Upside Potential!!! This Could Be Your Next Investment Property / Home For Your Business!!! Income: Restaurant / Bar: $96,000 Ann. (Available) 4 Br. Apartment: $48,000 Ann. M-M. Garage: $13,800 Ann. (Available) Yard: $21,600 Ann. (Available) Gross Income: $179,400 Ann. Expenses: Propane: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Water: $0 Ann. Insurance: $2,600 Ann. Taxes: $1,635 Ann. Total Expenses: $4,485 Ann. Net Operating Income (NOI): $174,915 Ann. (Pro Forma 18.41 Cap!!!)
Location
State NY
County Queens
Zoning R34
Interior
Fireplace No
Building
Story 2
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • 516-783-5600