Skip To Content

169 Islip Avenue

Islip, NY 11751
  • $595,000
  • STATUS: Active
  • MLS #: 3440766
UPDATED: 73 min ago
$595,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

Great Small Store Investment Opportunity with 1,900 Square Feet & 2 Stable Tenants Who Have Been Renting for Many Years: Mojo Printing Since 2010 & Bagels 'R Us Since 2000. Both Have Storefronts Each with 950 Square Feet. Each Tenant Has Their Own Basement & Pay Their Own Utilities with Separate 10-Year-Old Gas Hot Water Boilers & 200 Amp Electrical Service. Doors in Front & in Rear & 8 Parking Spaces. Mojo Printing Pays $1,900/Month, Just Signed 3-Year Lease & Has 3-Year Extension, & Bagels 'R Us Pays $2,250/Month, Just Signed a 5-Year Lease & Has a 5-Year Extension. Both Tenants Pay 3% Rent Increases Each Year & 50% of the Increase in Taxes. Landlord Pays Taxes of $10,600/Yr and $3,200 for Insurance & Does Snow Removal. Net Income of $36,000/Year = 6% CAP Rate.

Monthly Payment Calculator



© 2022 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Home Team | Berkshire Hathaway HomeServices Hudson Valley Properties. Data last updated: 2022-11-27T14:16:17.117.
www.hudsonvalleyshometeam.com/homes/134426293
Print Image

169 Islip Avenue Islip, NY 11751

  • Price: $595,000
  • Status: Active
  • On Site: Days
  • Updated: 73 min ago
  • MLS #: 3440766
0
Beds
0
Baths
0
½ Baths
0.12
Acres
Neighborhood:
Islip
County:
Suffolk
Area:
Islip
Property Description
Great Small Store Investment Opportunity with 1,900 Square Feet & 2 Stable Tenants Who Have Been Renting for Many Years: Mojo Printing Since 2010 & Bagels 'R Us Since 2000. Both Have Storefronts Each with 950 Square Feet. Each Tenant Has Their Own Basement & Pay Their Own Utilities with Separate 10-Year-Old Gas Hot Water Boilers & 200 Amp Electrical Service. Doors in Front & in Rear & 8 Parking Spaces. Mojo Printing Pays $1,900/Month, Just Signed 3-Year Lease & Has 3-Year Extension, & Bagels 'R Us Pays $2,250/Month, Just Signed a 5-Year Lease & Has a 5-Year Extension. Both Tenants Pay 3% Rent Increases Each Year & 50% of the Increase in Taxes. Landlord Pays Taxes of $10,600/Yr and $3,200 for Insurance & Does Snow Removal. Net Income of $36,000/Year = 6% CAP Rate.
Exterior Features

Building Size 1900 Business Parking Spaces 8 Loading Docks 0 Lot Size Dimensions 48.8X Parking Total 8.00

Property Features

Business Type Retail Gross Income 49800.00 Net Operating Income 36000.00 Operating Expense 13800.00 Property Sub Type Retail Property Type Commercial Sale Tax Annual Amount 0.00 Tax Block 0001 Zoning Description Commercial

Listing courtesy of Jamie Winkler of Winkler Real Estate Inc: 631-321-8400
© 2022 OneKey MLS. All rights reserved.


© 2022 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Home Team | Berkshire Hathaway HomeServices Hudson Valley Properties. Data last updated: 2022-11-27T14:16:17.117.
 
https://bt-photos.global.ssl.fastly.net/wpmls/1280_boomver_1_3440766-2.jpg https://bt-photos.global.ssl.fastly.net/wpmls/1280_boomver_1_3440766-2.jpg https://bt-photos.global.ssl.fastly.net/wpmls/1280_boomver_1_3440766-2.jpg
Logo
The Home Team | Berkshire Hathaway HomeServices Hudson Valley Properties
892 Main St.
Fishkill NY, 12524