75-11 75-13 METROPOLITAN AVE, Middle Village, NY 11378
75-11 75-13 METROPOLITAN AVE, Middle Village, NY 11378
75-11 75-13 METROPOLITAN AVE, Middle Village, NY 11378
75-11 75-13 METROPOLITAN AVE, Middle Village, NY 11378
75-11 75-13 METROPOLITAN AVE, Middle Village, NY 11378
75-11 75-13 METROPOLITAN AVE, Middle Village, NY 11378
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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603
$ 3,450,000
Est. payment | /mo
Save
$ 3,450,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1035307

Rental Info No

Year Built 1931

Annual Tax Amount $45,096

Property Sub-Type Other

Source onekey2

Property Description

Calling All Investors, Developers, & End-Users!!! 3 Unit Mixed-Use Building On A Huge 10,500 Sqft. Lot In Middle Village For Sale!!! The Property Features Excellent Signage, Great Exposure, R5/C1-3 Zoning, Huge Rear Yard, High 9' Ceilings, Sprinklers, 15 Parking Spaces, Security Camera System, Separate Meters, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Located In the Heart Of Middle Village Minutes From The Metro Mall!!! The Property Has 55' Of Frontage On Busy Metropolitan Avenue!!! Neighbors Include TD Bank, Webster Bank, Amazon, BJ's Wholesale Club, Petco, Raymour & Flanigan, Ashley Furniture, Bob's Discount Furniture, 7-Eleven, Dunkin', Dollar Tree, Michaels, Panera Bread, Salvation Army, Dick's Sporting Goods, Regal Cinemas, Wendy's, Arby's, +++!!! The Laundromat Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site or The Next Home For Your Business!!!

Income:
Laundromat: $84,000 Ann.; 3% Ann. Inc.; Lease Exp.: 8/1/36. (1) 10 Year Option.
Pharmacy: $48,000 Ann.; 4% Ann. Inc.; Lease Exp.: 8/1/28. (1) 5 Year Option.
Recording Studio: $37,800 Ann.; 3% Ann. Inc.; Lease Exp.: 9/1/28.
Tax Rebate: $2,250 Ann.

Gross Income: $172,050 Ann.

Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Water & Sewer: $0 Ann.
Insurance: $4,382 Ann.
Taxes: $45,096 Ann.

Total Expense: $49,478 Ann.



Net Operating Income (NOI): $122,572 Ann.

Location

State NY

County Queens

Interior

Heating Heat Recovery System, Natural Gas

Cooling Central Air

Fireplace No

Exterior

Utilities Available Electricity Available

Building

Story 2

Sewer Public Sewer

Water Public

Structure Type Block,Frame

Schools

High Schools Queens24

School District Queens24

Others

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by All Island Estates Realty Corp • Richard Matt Shane

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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603

Broker | License ID: 10491210466

Broker License ID: 10491210466

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75-11 75-13 METROPOLITAN AVE

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