21 Division Ave
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21 Division Ave
2,250 SF Retail Building Levittown, NY 11756 $1,588,000 ($706/SF) 6.42% Cap Rate
Investment Highlights
- Calling All Investors, Developers & End-Users!!! MINT NNN Medical Building With Long Lease For Sale!!!
- The Property Is Located In The Heart Of Levittown On Busy Division Avenue Just 1/2 A Block From Hempstead Tpke.!!!
- The Property Is Currently Home To A Successful Dental Office!!!
- The Property Features Excellent Signage, Great Exposure, 12 Parking Spaces, High 8’ Ceilings, 200 Amp Power, Private Parking Lot, CAC, +++!!!
- Neighbors Include Starbucks, Ford, Jeep-Dodge-Ram, Kia, UPS, Walmart, The Home Depot, P.C. Richard & Son, Stop & Shop, ShopRite, Target, Best Buy, ++!
- This Property Offers HUGE Upside Potential!!!
Executive Summary
Calling All Investors, Developers & End-Users!!! MINT NNN Medical Building With Long Lease For Sale!!! The Property Features Excellent Signage, Great Exposure, 12 Parking Spaces, High 8’ Ceilings, 200 Amp Power, Private Parking Lot, Accessible Bathroom, Strategically Placed Curb Cut, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Levittown On Busy Division Avenue Just 1/2 A Block From Hempstead Tpke.!!! Neighbors Include Starbucks, Ford, Jeep-Dodge-Ram, Kia, UPS, Walmart, The Home Depot, P.C. Richard & Son, Stop & Shop, ShopRite, Target, Best Buy, AutoZone, Jovia Federal Credit Union, 7-Eleven, Dunkin’, Tropical Smoothie Cafe, Exxon, Texas Roadhouse, Stew Leonard’s, Uncle Giuseppe’s Marketplace, Ulta Beauty, Old Navy, Taco Joe’s, Dairy Queen, IHOP, +++!!! The Property Is Currently Home To A Successful Dental Office!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Guardian Dental Partners: $102,000 Ann.; 2.5% Ann. Inc.; Lease Exp.: 10/8/32.
Gross Income: $102,000 Ann.
Expenses:
Oil: $0 (NNN Lease)
Electric: $0 (NNN Lease)
Water: $0 (NNN Lease)
Maintenance & Repairs: $0 (NNN Lease)
Insurance: $0 (NNN Lease)
Taxes: $0 Ann. (NNN Lease)
Total Expenses: $0 Ann. (NNN Lease)
Net Operating Income (NOI): $102,000 Ann.
Income:
Guardian Dental Partners: $102,000 Ann.; 2.5% Ann. Inc.; Lease Exp.: 10/8/32.
Gross Income: $102,000 Ann.
Expenses:
Oil: $0 (NNN Lease)
Electric: $0 (NNN Lease)
Water: $0 (NNN Lease)
Maintenance & Repairs: $0 (NNN Lease)
Insurance: $0 (NNN Lease)
Taxes: $0 Ann. (NNN Lease)
Total Expenses: $0 Ann. (NNN Lease)
Net Operating Income (NOI): $102,000 Ann.
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $93,600 | $41.60 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $93,600 | $41.60 |
Taxes | $21,968 | $9.76 |
Operating Expenses | $2,273 | $1.01 |
Total Expenses | $24,241 | $10.77 |
Net Operating Income | $69,359 | $30.83 |
Financial Summary (Actual - 2022)
Gross Rental Income | |
---|---|
Annual | $93,600 |
Annual Per SF | $41.60 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $93,600 |
Annual Per SF | $41.60 |
Taxes | |
---|---|
Annual | $21,968 |
Annual Per SF | $9.76 |
Operating Expenses | |
---|---|
Annual | $2,273 |
Annual Per SF | $1.01 |
Total Expenses | |
---|---|
Annual | $24,241 |
Annual Per SF | $10.77 |
Net Operating Income | |
---|---|
Annual | $69,359 |
Annual Per SF | $30.83 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,250 SF
Building Class
B
Year Built
1948
Price
$1,588,000
Price Per SF
$706
Cap Rate
6.42%
NOI
$102,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.34
Lot Size
0.15 AC
Parking
18 Spaces (8 Spaces per 1,000 SF Leased)
Frontage
60 FT on Division Avenue
Amenities
- 24 Hour Access
- Bus Line
- Commuter Rail
- Fenced Lot
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Walk Score ®
Very Walkable (84)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 2089-45-149-00-0036-0 | Total Assessment | $2,176 (2024) |
Land Assessment | $1,617 (2024) | Annual Taxes | $21,968 ($9.76/SF) |
Improvements Assessment | $559 (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
2089-45-149-00-0036-0
Land Assessment
$1,617 (2024)
Improvements Assessment
$559 (2024)
Total Assessment
$2,176 (2024)
Annual Taxes
$21,968 ($9.76/SF)
Tax Year
2022
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