Price Reduced 4.73%

$2,275,000

Pending

Est. Mortgage $11,206/mo *

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Price History

$2,388,000
3/25/2024

$2,275,000
4/19/2024

627-635 Wadleigh Avenue, Hempstead, (West Hempstead), NY, 11552

627-635 Wadleigh Avenue, Hempstead, (West Hempstead), NY, 11552
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1926

Calling All Investors, Developers, & End-Users!!! Amazing 10 Unit Metal Scrap Yard For Sale!!! The Property Features A Warehouse, Huge Yard, 3 Br. 1.5 Bath House, High 12' Ceilings, Excellent Signage, Great Exposure, 3 Lots, Garage, Outdoor Storage, Strong Zoning, 86 Parking Spaces, Separate Meters, Private Driveway, Fenced Yard, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of West Hempstead & Has Been Home To A Successful Metal Recycling Facility For 100+ Years!!! The Property Is Situated 6 Blocks From Lakeview LIRR Station, 2 Blocks From Southern State Parkway & 5 Miles From JFK Airport!!! Neighbors Include NY Equestrian Center, The Home Depot, Stop & Shop, CubeSmart Self Storage, Dunkin', CVS, Regal Cinemas, Lidl, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 180' x 60' Yard: $84,000 Ann. 10' x 30' Yard (Contractor): $9,000 Ann. 20' x 60' Yard (Contractor): $19,200 Ann. Front Parking: $9,600 Ann. (Available) 30' x 30' Yard: $12,000 Ann. (Available) Office (600 Sqft.): $15,600 Ann. (Available) 2,000 Sqft. Warehouse(Contractor): $30,000 Ann. M-M. 30' x 30' Garage (Contractor): $12,000 Ann. M-M. 3 Br., 1.5 Bath House: $39,000 Ann. + Utilities. M-M. Been Here 5+ Years So Far. Full Basement. Pro Forma Gross Income: $230,400 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Insurance: $3,058 Ann. Taxes: $35,438.17 Ann. Total Expenses: $38,496.17 Ann. Net Operating Income (NOI): $191,903.83 Ann. (Pro Forma 8.77 Cap!!!)

Status:

Pending

Town:

Hempstead

Type:

Commercial

Units:

10

Zoning:

Mixed Use

Heating:

Natural Gas

Levels:

1

Acreage:

0.92

Est. Taxes:

$35,438

Current Use

Industrial

Days on Market:

214

MLS #:

3540307

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of All Island Estates Realty Corp 516-783-5600