241-267 Albany Ave
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241-267 Albany Ave
2.13 Acres of Commercial Land Offered at $2,188,000 in Amityville, NY 11701
Investment Highlights
- Calling All Investors, Developers & End-Users!!! 92,930+ Sqft. Development Site Just Off Sunrise Highway For Sale!!!
- The Properties Have 300+ Feet Of Frontage On Albany Avenue!!!
- The Property Can Be Delivered Vacant If Need Be.
- The Buildings Feature Great Exposure, Excellent Signage, 8 Lots, 184 Parking Spaces, High Ceilings, Strategically Placed Curb Cuts, A/C, +++!!!
- Neighbors Include Starbucks, Mercedes-Benz, Kia, Nissan, 7-Eleven, Northwell Health,Target, The Home Depot, QuickChek, Extra Space Storage, Dunkin’,
- This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Executive Summary
Calling All Investors, Developers & End-Users!!! 92,930+ Sqft. Development Site Just Off Sunrise Highway For Sale!!! The Buildings Feature Great Exposure, Excellent Signage, 8 Lots, 184 Parking Spaces, High Ceilings, Strategically Placed Curb Cuts, A/C, All New LED Lighting, 200 Amp Power, +++!!! The Properties Have 300+ Feet Of Frontage On Albany Ave.!!! 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, +++!!! The Entire Property Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
241-243: 3 Unit Mixed-Use Building
Barbershop: $19,800 Ann. M-M (Delivered Vacant)
Salon: $20,400 Ann. M-M (Delivered Vacant)
1 Br Apartment: $26,400 Ann. M-M (Delivered Vacant)
249:
8 Br., 2 Bath House: $72,000 Ann. M-M (Delivered Vacant)
251: Legal 2 Family House
1st Floor 3 Br Apt.: $42,000 Ann. (Delivered Vacant)
2nd Floor 2 Br Apt. $33,600 Ann. (Delivered Vacant)
253:
Vacant Lot: $48,000 (Delivered Vacant)
261: Legal 2 Family House
1st Floor (2 Br. Apt.): $30,000 Ann. M-M (Delivered Vacant)
2nd Floor (2 Br. Apt.): $30,000 Ann. M-M (Delivered Vacant)
267:
Parking for Various Trucks: $24,000 Ann. M-M. (Delivered Vacant)
Pro Forma Gross Income: $346,200 Ann.
Expenses:
Gas: $0
Electric: $0
Insurance: $2,842 Ann.
Taxes: $40,777 Ann.
Total Expenses: $43,619 Ann.
Net Operating Income (NOI): $302,581 Ann. (Pro Forma 13.83 Cap!!!)
Income:
241-243: 3 Unit Mixed-Use Building
Barbershop: $19,800 Ann. M-M (Delivered Vacant)
Salon: $20,400 Ann. M-M (Delivered Vacant)
1 Br Apartment: $26,400 Ann. M-M (Delivered Vacant)
249:
8 Br., 2 Bath House: $72,000 Ann. M-M (Delivered Vacant)
251: Legal 2 Family House
1st Floor 3 Br Apt.: $42,000 Ann. (Delivered Vacant)
2nd Floor 2 Br Apt. $33,600 Ann. (Delivered Vacant)
253:
Vacant Lot: $48,000 (Delivered Vacant)
261: Legal 2 Family House
1st Floor (2 Br. Apt.): $30,000 Ann. M-M (Delivered Vacant)
2nd Floor (2 Br. Apt.): $30,000 Ann. M-M (Delivered Vacant)
267:
Parking for Various Trucks: $24,000 Ann. M-M. (Delivered Vacant)
Pro Forma Gross Income: $346,200 Ann.
Expenses:
Gas: $0
Electric: $0
Insurance: $2,842 Ann.
Taxes: $40,777 Ann.
Total Expenses: $43,619 Ann.
Net Operating Income (NOI): $302,581 Ann. (Pro Forma 13.83 Cap!!!)
Financial Summary (Actual - 2023) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$346,200
|
$162,276.18
|
| Taxes |
$40,777
|
$19,113.62
|
| Operating Expenses |
$2,842
|
$1,332.15
|
| Total Expenses |
$43,619
|
$20,445.77
|
| Net Operating Income |
$302,581
|
$141,830.41
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $346,200 |
| Annual Per AC | $162,276.18 |
| Taxes | |
|---|---|
| Annual | $40,777 |
| Annual Per AC | $19,113.62 |
| Operating Expenses | |
|---|---|
| Annual | $2,842 |
| Annual Per AC | $1,332.15 |
| Total Expenses | |
|---|---|
| Annual | $43,619 |
| Annual Per AC | $20,445.77 |
| Net Operating Income | |
|---|---|
| Annual | $302,581 |
| Annual Per AC | $141,830.41 |
Property Facts
| Price | $2,188,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 2.13 AC |
| Price | $2,188,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 2.13 AC |
1 Lot Available
Lot 241
| Price | $2,188,000 | Lot Size | 2.13 AC |
| Price Per AC | $1,025,603 |
| Price | $2,188,000 |
| Price Per AC | $1,025,603 |
| Lot Size | 2.13 AC |
zoning
| Zoning Code | Multiple Uses |
| Multiple Uses |
1 of 21
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241-267 Albany Ave
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