33 E Main St

2,500 SF Office Building East Islip, NY 11730 $595,000 ($238/SF) 9% Cap Rate

Executive Summary

Incredible Opportunity for Investor or End User. Potential of 4 rentable spaces. Cap Rate is pro-forma cap rate at 9%. 2 office/retail spaces. 1 is 700 square feet and the other is 750 square feet. 600 SF Garage with 10 foot ceiling. 600 SF unfinished 2nd floor. 3 separate electric meters. Town sewer. Roof is less than 6 years old. Taxes are about $11k.
This will sell fast!!! You cannot find an income producing property like this under $600k anywhere on Long Island.
Call/Text Tim at 516-476-1972 ASAP to make a deal!!!!!!!

Property Facts Under Contract

Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,500 SF
Building Class
B
Year Built
1980
Price
$595,000
Price Per SF
$238
Cap Rate
9%
NOI
$53,550
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,500 SF
Building FAR
0.38
Lot Size
0.15 AC
Zoning
BU1
Parking
5 Spaces (2 Spaces per 1,000 SF Leased)

Amenities

  • Signage
Walk Score®
Very Walkable (82)

PROPERTY TAXES

  • Listing ID: 30648113

  • Date on Market: 1/12/2024

  • Last Updated:

  • Address: 33 E Main St, East Islip, NY 11730