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1 Garvies Point Road, Oyster Bay (Glen Cove), NY, 11542 | $19,888,000
Calling All Investors, Developers, & End-Users!!! 6+ Acre Mixed-Use Property/Development Site In Glen Cove For Sale!!! The Property Features Multiple Warehouses, High 20' Ceilings, Excellent Signage, Great Exposure, Outdoor Storage, Strong MW3 Zoning, 308 Parking Spaces, 83, 000 Sqft. Of Warehouse/Retail Space, 7, 000 Sqft. Of Office Space, Security Gates, 3 Ton Crane, Sprinklers, 8 Overhead Drive-In Doors, 3 Loading Docks, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Glen Cove At Garvies Point Across From The Glen Cove Ferry Terminal!!! The Property Is Situated Near Garvies Point Museum & Preserve, Garvies Point Park & Mercadante Beach!!! Neighbors Include Land Rover, Lexus, Volvo, Subaru, Stop. & Shop, Mobil, AMC Theaters, Panera Bread, Tropical Smoothie Cafe, Petco, Advance Auto Parts, Wendy's, YMCA, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: AA Consulting Services (Parking): $10, 800 Ann. ; M-M. AJ Gallo & Co. Contracting (Parking): $13, 200 Ann. ; M-M. Arthur Niewiadomski (Parking): $4, 200 Ann. ; M-M. Avalon Deco Supplies (4, 500 Sqft. ): $54, 024. 42 Ann. ; 3% Ann. Inc. ; Lease Exp. : 12/31/26. BLK Landscaping, Inc. (Parking): $7, 200 Ann. ; M-M. Bob Kroll (Parking): $1, 200 Ann. ; M-M. Choe Natural Products (550 Sqft. ): $12, 155. 49 Ann. ; 3% Ann. Inc. ; Lease Exp. : 12/31/26. David Shea (Parking): $3, 000 Ann. M-M. Dollar Plus Distribution (600 Sqft. ): $8, 103. 66 Ann. ; 3% Ann. Inc. ; Lease Exp. : 12/31/24. Drayrock Haulage Inc. (Parking): $3, 600 Ann. ; M-M. DH Performance (1, 800 Sqft. ): $24, 310. 99 Ann. ; 3% Ann. Inc. ; Lease Exp. : 12/31/26. Glova Recycle (20, 000 Sqft. ): $315, 142. 47 Ann. ; 3% Ann. Inc. ; Lease Exp. : 3/31/28. Icrew USA, Inc. (500 sqft. ): $10, 608. 20 Ann. ; 3% Ann. Inc. ; M-M. Expo Furniture Design, Inc. (2, 300 Sqft. ): $29, 112. 96 Ann. ; 3% Ann. Inc. ; M-M. Fit 4 Life (3, 500 Sqft. ): $48, 381. 44 Ann. ; 3% Ann. Inc. ; Lease Exp. : 12/31/26. Garvies Point Brewing Co. (4, 425 Sqft. ): $71, 086. 72 Ann. ; 3% Ann. Inc. ; Lease Exp. : 12/31/26. Gus Hausser (Parking): $1, 800 Ann. ; M-M. Dale Saltsberg (Parking): $2, 400 Ann. ; M-M. Jeffrey Langiulli (Parking): $2, 400 Ann. ; M-M. Josie's Pizza Bar (3, 800 Sqft. ): $54, 024. 43 Ann. ; 3% Ann. Inc. ; M-M. Jose Orlando Salmeron (Parking): $7, 800 Ann. ; M-M. J U Contracting (Parking): $25, 200 Ann. ; Lease Exp. : 12/31/26. Kings Produce (8, 900 Sqft. ): $108, 009. 82 Ann. ; 3% Ann. Inc. ; Lease Exp. : 12/31/26. Icrew USA (500 Sqft. ): $10, 433. 47 Ann. ; 3% Ann. Inc. ; Lease Exp. : 12/31/26. Larry David (Parking): $3, 000 Ann. ; M-M. Guzman Construction. (Parking): $1, 800 Ann. ; M-M. MJN Landscaping (Parking): $2, 520 Ann. ; M-M. Michael Orban (Parking): $2, 400 Ann. ; M-M. Next Step Controls (400 Sqft. ): $5, 402. 44 Ann. ; 3% Ann. Inc. ; M-M. NUR NY O1, Inc. (Parking): $5, 402. 44 Ann. ; 3% Ann. Inc. ; M-M. Oil For Less (Parking): $9, 000 Ann. ; M-M. Oil For Less Boat (Parking): $1, 800 Ann. ; M-M. Paragon Woodworks (600 Sqft. ): $7, 200 Ann. ; M-M. ROFEN Media Group LLC (600 Sqft. ): $7, 416 Ann. ; M-M. Ryan Hahn Boat Storage (Parking): $2, 400 Ann. ; M-M. RSA Catering LLC (7, 500 Sqft. + Parking): $86, 890. 80 Ann. ; Lease Exp. : 12/31/26. RXR Realty (Parking): $98, 880 Ann. ; Lease Exp. : 12/31/26. SAE Manufacturing Specialties (1, 326 Sqft. ): $21, 642 Ann. ; Lease Exp. : 12/31/26. Sid's All American (2, 000 Sqft. ): $25, 020. 05 Ann. ; 3% Ann. Inc. ; M-M. Slim & Trim/Best Spice (940 Sqft. ): $9, 737. 91 Ann. ; 3% Ann. Inc. ; M-M. Sue Tsai Studios (2, 900 Sqft. ): $35, 821. 57 Ann. ; 3% Ann. Inc. ; M-M. Supremacy Services, Inc. (Parking): $2, 701. 22 Ann. ; 3% Ann. Inc. ; M-M. Serve Well Electric (Parking): $13, 200 Ann. ; M-M. Tax Consultants (Office): $5, 400 Ann. ; M-M. Triboro HVACR, Inc. (380 Sqft. ): $8, 103. 66 Ann. ; 3% Ann. Inc. ; M-M. Wilson Martial Arts (3, 540 Sqft. ): $59, 669. 85 Ann. ; 3% Ann. Inc. ; Lease Exp. : 12/31/26. Uger Senturk (Parking): $3, 000 Ann. ; M-M. Yale Tile & Stone (2, 800 Sqft. ): $34, 608 Ann. ; M-M. Gross Income: $1, 281, 210 Ann. Expenses: Gas & Oil: $16, 327 Ann. Electric: $33, 716 Ann. Maintenance & Repairs: $43, 343 Ann. Insurance: $45, 074 Ann. Water & Sewer: $2, 397 Ann. Taxes: $255, 508 Ann. Total Expenses: $396, 365 Ann. Net Operating Income (NOI): $884, 845 Ann. , or
Features
- Town: Oyster Bay
- Property Type: Mixed Use
- Levels: 1
- Units: 52
- Zoning: Heavy Ind
- Year Built: 1959
- Acreage: 6.33
- Est. Taxes: $255,508
- MLS#: 3575082
- Days on Market: 79 days
- Website: https://www.raveis.com
/prop/3575082/1garviespointroad_oysterbay_ny?source=qrflyer
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1 Garvies Point Road, Oyster Bay (Glen Cove), NY, 11542
$19,888,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah Alvarez
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $15,910,400 | $15,910,400 | $15,910,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
| Monthly Tax Payment | $21,292 | $21,292 | $21,292 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $90,338 | $97,963 | $132,122 |
| Total Monthly Payment | $111,755 | $119,380 | $153,539 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535