70 Carman Ave
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70 Carman Ave
1,500 SF Vacant Office Building Cedarhurst, NY 11516 $1,249,000 ($833/SF) 5.30% Cap Rate
Executive Summary
2-Story Commercial Building in the heart of Cedarhurst with Plenty of Parking!
Turn Key and Delivered Vacant!
The first floor is currently set up as an OFFICE space
The second floor has a separate entrance and is a high-end apt but can easily be used as office space as well.
Great for anyone looking to have a local office in the heart of the neighborhood right off of Central Ave!
Ideal for a Medical Office or anyone looking for a private office with parking or to have income from apt above or can easily combine into a larger office space.
Approx. 1,500 ft.²
Approx. 10 Parking Spots
Private Driveway
Turn Key and Delivered Vacant!
The first floor is currently set up as an OFFICE space
The second floor has a separate entrance and is a high-end apt but can easily be used as office space as well.
Great for anyone looking to have a local office in the heart of the neighborhood right off of Central Ave!
Ideal for a Medical Office or anyone looking for a private office with parking or to have income from apt above or can easily combine into a larger office space.
Approx. 1,500 ft.²
Approx. 10 Parking Spots
Private Driveway
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 Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
1,500 SF
Building Class
C
Year Built/Renovated
2001/2018
Price
$1,249,000
Price Per SF
$833
Cap Rate
5.30%
NOI
$66,220
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
750 SF
Building FAR
0.58
Land Acres
0.06 AC
Parking
18 Spaces (6.67 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
1 of 1
Walk Score ®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 2003-39-420-00-0225-0 | Total Assessment | $2,927 |
| Land Assessment | $784 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,143 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2003-39-420-00-0225-0
Land Assessment
$784
Improvements Assessment
$2,143
Total Assessment
$2,927
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
-
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70 Carman Ave
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