169 Islip Avenue
Islip, New York NY 11751
Price: $595,000
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Listing ID: 3440766
Status: Active
Acres: 0.120 Acres

Great Small Store Investment Opportunity with 1,900 Square Feet & 2 Stable Tenants Who Have Been Renting for Many Years: Mojo Printing Since 2010 & Bagels 'R Us Since 2000. Both Have Storefronts Each with 950 Square Feet. Each Tenant Has Their Own Basement & Pay Their Own Utilities with Separate 10-Year-Old Gas Hot Water Boilers & 200 Amp Electrical Service. Doors in Front & in Rear & 8 Parking Spaces. Mojo Printing Pays $1,900/Month, Just Signed 3-Year Lease & Has 3-Year Extension, & Bagels 'R Us Pays $2,250/Month, Just Signed a 5-Year Lease & Has a 5-Year Extension. Both Tenants Pay 3% Rent Increases Each Year & 50% of the Increase in Taxes. Landlord Pays Taxes of $10,600/Yr and $3,200 for Insurance & Does Snow Removal. Net Income of $36,000/Year = 6% CAP Rate.

Primary Features

County: Suffolk
Property Sub Type: Retail
Property Type: Commercial Sale
Zoning: Commercial

Location

Country: USA
Mls District Code: 500
Township: Islip

Financial

Gross Income: 49800
High Price Dollars: 595000
Modifications Exclusions: None
Net Operating Income: 36000
Operating Expense: 13800
Tax Block: 0001
Tax Lot: 100

Interior

Building Area Units: Square Feet
Heating: Natural Gas, Baseboard
Stories Total: 1

External

Building Size: 1900
Business Parking Spaces: 8
Lot Size Dimensions: 48.8x
Lot Size SqFt: 5227
Lot Size Units: Acres
Number of Buildings: 1
Number of Units Total: 2
Parking Total: 8
Sewer: Cesspool

Additional

Alternate Mls Number: 3440766
Business Type: Retail
Mls Status: A
Square Footage Source: Municipality

Zoning Info


© 2022 OneKey MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of OKMLS. Real estate listings held by IDX Brokerage firms other than Winkler Real Estate are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Information provided is deemed reliable but not guaranteed. Data last updated: Saturday, November 26th, 2022 at 10:53:01 AM.
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Listing courtesy of Jamie C Winkler with Winkler Real Estate Inc 631-321-8400

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