33 E Main St
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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!!!!!!!
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
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
Parcel Number | 0500-372-00-02-00-044-000 | Improvements Assessment | $18,000 |
Land Assessment | $15,000 | Total Assessment | $33,000 |
PROPERTY TAXES
Parcel Number
0500-372-00-02-00-044-000
Land Assessment
$15,000
Improvements Assessment
$18,000
Total Assessment
$33,000
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33 E Main St
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