Calling All Investors, Developers & End-Users!!! 10. 31 Cap 12, 750 Sqft. Corner Office Building With Private Parking Lot For Sale!!! The Building Features Excellent Signage, Great Exposure, Strong Zoning, 26 Parking Spaces, Private Parking Lot, High 10' Ceilings, Elevator, All New LED Lighting, Sprinklers, 3 Phase Power, CAC, +++!!! The Property Is Located In Massapequa On N. Broadway Just 5 Blocks From The Southern State Pkwy. !!! Neighbors Include Starbucks, Verizon, UPS, Stop & Shop, CVS, Walgreens, Roslyn Savings Bank, 7-Eleven, Dunkin', Friendly's, Lukoil, McDonald's, Ralph's Famous Italian Ices, Domino's, Burger King, Lidl, +++!!! This Property Has A Daily Traffic Count Of 23, 600+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property Or Home For Your Business!!! Income: 2nd Floor: Medical Office: $264, 000 Ann. 3% Ann. Inc. ; Lease Exp. : 3/1/29. 1st Floor: Gynecologist (1, 900 Sqft. ): $51, 600 Ann. 3% Ann Inc. ; Lease Exp. : 1/1/26 + (2) Additional 5 Year Options. Medical Lab (700 Sqft. ): $28, 800 Ann. (Available) LL Office (2, 800 Sqft. ): $68, 800 Ann. (Available) Total Gross Income: $413, 200 Ann. Expenses: Electric: $2, 400 Ann. (Common Areas Only) Gas: $0 Ann. (Common Areas Only) Insurance: $12, 000 Ann. Maintenance & Repairs: $10, 000 Ann. Dumpster: $3, 600 Ann. Elevator: $1, 200 Ann. Taxes: $90, 244. 65 Ann. Total expenses: $119, 444. 65 Ann. Net Operating Income (NOI): $293, 756 Ann. (Pro Forma 10. 31 Cap!!!) , or
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,850,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,280,000 | $2,280,000 | $2,280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $7,520 | $7,520 | $7,520 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,767 | $14,038 | $18,933 |
Total Monthly Payment | $20,412 | $21,683 | $26,578 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.