232 Broadway Babylon, NY 11701

Calling All Investors, Developers & End-Users!!! 7.75 Cap 100% Occupied 5 Unit Mixed-Use Property On Broadway For Sale!!! The Buildings Feature Great Exposure, Excellent Signage, 30 Parking Spaces, High 9’ Ceilings, Strategically Placed Curb Cuts, Ramp, Sprinklers, Accessible Bathrooms, All New LED ...Lighting, 200 Amp Power, CAC, +++!!! The Property Has 138+ Feet Of Frontage On Busy Broadway & Located In The Heart Of Amityville 1 Block From The Amityville LIRR Station!!! Neighbors Include Starbucks, Mercedes-Benz, Kia, Nissan, 7-Eleven, Northwell Health, Target, The Home Depot, QuickChek, Extra Space Storage, Dunkin’, Walgreens, CityMD, Valero, Taco Bell, McDonald’s, Checkers, KFC, Burger King, Red Lobster, Dollar Tree, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Nail Salon: $24,000 Ann. M-M. Beauty Parlor: $24,000 Ann. M-M. Diner: $120,000 Ann. Apt. 1 (2 Br., 1 Bath): $21,600 Ann. M-M. Apt. 2 (2 Br., 1 Bath): $24,000 Ann. M-M. Gross Income: $213,600 Ann. Expenses: Oil: $3,000 Ann. Electric: $0 Ann. Insurance: $4,223 Ann. Water: $1,500 Ann. Taxes: $34,348.45 Ann. Total Expenses: $43,071.45 Ann. Net Operating Income (NOI): $170,528.55 Ann. (7.75% Cap!!!) Continue reading