Property Details

Overview

Calling All Investors, Developers & End-Users!!! 1, 800 Sqft. Corner Retail Building With Cell Tower On S. Conduit Avenue For Sale!!! The Property Features Excellent Signage, Great Exposure, R4B Zoning, 6 Parking Spaces, 1, 800 Sqft. Basement, High 10’ Ceilings, All New LED Lighting, 200 Amp Power, CAC, +++!!! The Property Is Located In The Heart Of Springfield Gardens On Busy S. Conduit Avenue Minutes From JFK Airport & Green Acres Mall!!! Neighbors Include UPS, Toyota, Hyundai, Capital One, Bank Of America.Income:Deli (1, 800 Sqft. + 1, 800 Sqft. LL): $52, 800 Ann.; Lease Exp.: 11/1/2029.Verizon Tower: $24, 000 Ann.; Lease Exp.: 2053.2 Parking Spaces (Landscaper): $6, 000 Ann. M-M.Gross Income: $82, 800 Ann. Expenses:Gas: $0Electric: $0 Water & Sewer: $700 Ann.Maintenance & Repairs: $250 Ann.Insurance: $2, 803 Ann.Taxes: $17, 579.76 Ann. Total Expenses: $21.332.76 Ann.Net Operating Income (NOI): $61, 467.24 Ann.