299-305 Main St
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299-305 Main St
15,051 SF 100% Leased Retail Building Port Washington, NY 11050 $10,800,000 ($718/SF) 4.02% Cap Rate
Executive Summary
Prime mixed use building on the corner of Main Street and Shore Road in Port Washington. Completely renovated in 2007, this landmark building consists of 14 apartments and approximately 8,000 sq ft of commercial space plus income from a rooftop antenna. Residential tenants are metered separately for electric. Rear parking lot for residential tenants, as well as a municipal lot behind the property for commercial customers.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
15,051 SF
Building Class
C
Year Built/Renovated
1903/2007
Price
$10,800,000
Price Per SF
$718
Cap Rate
4.02%
NOI
$434,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.44
Lot Size
0.24 AC
Frontage
Walk Score®
Very Walkable (82)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2201-05-B-00-0040-0 | Total Assessment | $30,345 |
| Land Assessment | $3,210 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $27,135 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2201-05-B-00-0040-0
Land Assessment
$3,210
Improvements Assessment
$27,135
Total Assessment
$30,345
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Presented by
PJC Realty LLC
299-305 Main St
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