269 E Main St | East Islip, NY 11730
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269 E Main St
East Islip, NY 11730
Stony Brook Medicine - FitLife Gym · Office Property For Sale
Investment Highlights
- Two-Tenant Net Leases
- Meticulously Renovated and very low Management
- Significant Term and Annual Increases
Executive Summary
Schuckman Realty Investment Sales Exclusive Listing
-SELLER FINANCING AVAILABLE for a quick close. Call for details.
-Beautifully Renovated, Two-Tenant, Low Management Investment Asset.
-Annual increases and lots of term on the two leases.
-Low management, tenants pay 100% taxes and insurance.
-Two separate entrances and parking lots for each tenant, in addition to parking easements granting tenants, patients, and customers access to overflow parking on neighboring lots.
-Newly warrantied Roof - New HVAC systems which tenants maintain.
-SELLER FINANCING AVAILABLE for a quick close. Call for details.
-Beautifully Renovated, Two-Tenant, Low Management Investment Asset.
-Annual increases and lots of term on the two leases.
-Low management, tenants pay 100% taxes and insurance.
-Two separate entrances and parking lots for each tenant, in addition to parking easements granting tenants, patients, and customers access to overflow parking on neighboring lots.
-Newly warrantied Roof - New HVAC systems which tenants maintain.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
23,518 SF
Building Class
A
Year Built/Renovated
1966/2022
Price
$8,000,000
Price Per SF
$340
Cap Rate
6.41%
NOI
$512,800
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
19,318 SF
Building FAR
0.44
Lot Size
1.24 AC
Zoning
BD
Parking
200 Spaces (8.5 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 0500-347-00-03-00-050-017 | Improvements Assessment | $136,900 |
| Land Assessment | $88,100 | Total Assessment | $225,000 |
PROPERTY TAXES
Parcel Number
0500-347-00-03-00-050-017
Land Assessment
$88,100
Improvements Assessment
$136,900
Total Assessment
$225,000
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