1181 Straight Path
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1181 Straight Path
2,000 SF 50% Leased Retail Building West Babylon, NY 11704 $550,000 ($275/SF) 8% Cap Rate
Investment Highlights
- All Inquiries should be directed to Saeed Nawaz at 843-528-2454
Executive Summary
2 Stores with 1,000 SF available for sale. One is a Deli and one is a Retail Office. Tenant within building with Accounting business also for sale.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$57,600
|
$28.80
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$57,600
|
$28.80
|
| Taxes |
$14,000
|
$7.00
|
| Operating Expenses |
$3,800
|
$1.90
|
| Total Expenses |
$17,800
|
$8.90
|
| Net Operating Income |
$39,800
|
$19.90
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $57,600 |
| Annual Per SF | $28.80 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $57,600 |
| Annual Per SF | $28.80 |
| Taxes | |
|---|---|
| Annual | $14,000 |
| Annual Per SF | $7.00 |
| Operating Expenses | |
|---|---|
| Annual | $3,800 |
| Annual Per SF | $1.90 |
| Total Expenses | |
|---|---|
| Annual | $17,800 |
| Annual Per SF | $8.90 |
| Net Operating Income | |
|---|---|
| Annual | $39,800 |
| Annual Per SF | $19.90 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,000 SF
Building Class
B
Year Built
1971
Price
$550,000
Price Per SF
$275
Cap Rate
8%
NOI
$44,000
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.55
Lot Size
0.08 AC
Zoning
E - Business zoning
Frontage
175 FT on Straight Path
Amenities
- Signage
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $3,810 | |
| Land Assessment | $600 | Annual Taxes | $14,000 ($7.00/SF) |
| Improvements Assessment | $3,210 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$600
Improvements Assessment
$3,210
Total Assessment
$3,810
Annual Taxes
$14,000 ($7.00/SF)
Tax Year
2023
Contacts
-
Saeed Nawaz -
Richard Diller -
Charles Rutenberg Realty, Inc.-Commercial Division
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1181 Straight Path
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