4259 Austin Boulevard

4259 Austin Boulevard, Hempstead, NY, 11558

$799,000

$925,000

active

Lot Size

6,000 sqft

Year Built

2005

Type

Commercial

Monthly Cost

Estimate. Actual payment depends on credit, lender, taxes, and insurance.

$5,490/month estimated

Principal & interest: $4,253
Property tax: $1,113
Home insurance (est.): $125

Down payment %Interest rate %Term (years)

Down payment: $159,800 · Loan amount: $639,200

Description

Calling All Investors, Developers & End-Users!!! 1,220 Sqft. Free Standing Restaurant Building On A 6,000 Sqft. Lot In Island Park!!! The Property Features Excellent Signage, Great Exposure, High 14’ Ceilings, 13 Parking Spaces In A Private Parking Lot, Restaurant (421.14) Zoning, 3 Phase Power, Strategically Placed Curb Cut, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Island Park On Busy Austin Blvd. Just Minutes From The Long Beach Bridge!!! The Property Has 60’ Of Frontage On Busy Austin Blvd.!!! This Section Of Austin Blvd. Has A Daily Traffic Count Of 40,200+ Vehicles Per Day!!! Neighbors Include Costco, Stop & Shop, Public Storage, Costello’s Ace Hardware, King Kullen, Dunkin’, Wendy’s, McDonald’s, Trader Joe’s, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Deli: $72,000 Ann.; 3% Ann. Inc.; Lease Exp.: 8/18/35 + 5 Year Option. Gross Income: $72,000 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Insurance: $2,300 Ann. Maintenance & Repairs: $250 Ann. Water: $0 Ann. Taxes: $13,354.87 Ann. Total Expenses: $15,904.87 Ann. Net Operating Income (NOI): $56,095.13 Ann. (7.02% Cap!!!)

Property Details

Cooling: Central Air
Heating: Natural Gas

Location

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Listed by Richard Matt Shane, All Island Estates Realty Corp

MLS# KEY909058516-783-5600

Listings courtesy of OneKey® MLS as distributed by MLS GRID

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