269-279 Burnside Ave
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269-279 Burnside Ave
8,478 SF 100% Leased Retail Building Lawrence, NY 11559 $5,300,000 ($625/SF)
Investment Highlights
- Five-unit Retail Strip on Highly Visible Corner, Over 100' Frontage on Burnside Ave
- Rear On-Site Parking to Accommodate 24 Cars
- Long-Term Leases with Growing Businesses - 8+ WALT
Executive Summary
FIVE-UNIT RETAIL STRIP WITH LONG-TERM TENANCY & ON-SITE PARKING
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$387,504
|
$45.71
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$11,625
|
$1.37
|
| Effective Gross Income |
$375,879
|
$44.34
|
| Taxes |
$61,626
|
$7.27
|
| Operating Expenses |
$16,180
|
$1.91
|
| Total Expenses |
$77,806
|
$9.18
|
| Net Operating Income |
$298,073
|
$35.16
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $387,504 |
| Annual Per SF | $45.71 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $11,625 |
| Annual Per SF | $1.37 |
| Effective Gross Income | |
|---|---|
| Annual | $375,879 |
| Annual Per SF | $44.34 |
| Taxes | |
|---|---|
| Annual | $61,626 |
| Annual Per SF | $7.27 |
| Operating Expenses | |
|---|---|
| Annual | $16,180 |
| Annual Per SF | $1.91 |
| Total Expenses | |
|---|---|
| Annual | $77,806 |
| Annual Per SF | $9.18 |
| Net Operating Income | |
|---|---|
| Annual | $298,073 |
| Annual Per SF | $35.16 |
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
8,478 SF
Building Class
C
Year Built
1981
Price
$5,300,000
Price Per SF
$625
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.45
Lot Size
0.43 AC
Parking
24 Spaces (2.83 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (83)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2089-40-021-00-0001-0 | Total Assessment | $15,455 |
| Land Assessment | $5,303 | Annual Taxes | $61,626 ($7.27/SF) |
| Improvements Assessment | $10,152 | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
2089-40-021-00-0001-0
Land Assessment
$5,303
Improvements Assessment
$10,152
Total Assessment
$15,455
Annual Taxes
$61,626 ($7.27/SF)
Tax Year
2024 Payable 2024
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269-279 Burnside Ave
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