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Active - Mixed Use for sale

18-02 Cross Bay Boulevard # 3, Broad Channel, NY 11693

4,080 sqft

Facts & features

Mixed Use Property type
1280 days on Beycome
1966 Year built
$239 Price/Sqft.
9,500 sqft Lot size

Why you’ll love it

  • Garage

Calling All Investors, Developers & End-Users!!! 17.53 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 17.53Cap!!!)

Translating description...

Listed by: Richard Matt Shane • matthewshane8828@gmail.com • All Island Estates Realty Corp

Co-listed by: All Island Estates Realty Corp

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Affordability

$635,000$1,315,000
1%20%
0%90%
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Estimated monthly payment

$5,066/mo

  • Mortgage$4,930
  • Property tax$136
  • HOA fee
  • Homeowners insurance
Due at closing$775,125
Down payment held in escrow$195,000
Closing costs$14,625
beycome credit Est.$19,500

Beycome estimates only. Actual amounts and terms vary by lender and location.

Discover the neighborhood

Travel times

About Broad Channel

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Flood & climate risk

FEMA Flood Zone X

Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.

More details

Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided.

$975,000 Listed price

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$19,500 Credit back

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