Remarks

Calling All Investors, Developers & End-Users!!! 1,800 Sqft. Corner Retail Building With Cell Tower On S. Conduit Avenue For Sale!!! The Property Features Excellent Signage, Great Exposure, R4B Zoning, 6 Parking Spaces, 1,800 Sqft. Basement, High 10’ Ceilings, All New LED Lighting, 200 Amp Power, CAC, +++!!! The Property Is Located In The Heart Of Springfield Gardens On Busy S. Conduit Avenue Minutes From JFK Airport & Green Acres Mall!!! Neighbors Include UPS, Toyota, Hyundai, Capital One, Bank Of America.
Income:


Deli (1,800 Sqft. + 1,800 Sqft. LL): $52,800 Ann.; Lease Exp.: 11/1/2029.


Verizon Tower: $24,000 Ann.; Lease Exp.: 2053.


2 Parking Spaces (Landscaper): $6,000 Ann. M-M.


Gross Income: $82,800 Ann.


Expenses:


Gas: $0


Electric: $0


Water & Sewer: $700 Ann.


Maintenance & Repairs: $250 Ann.


Insurance: $2,803 Ann.


Taxes: $17,579.76 Ann.


Total Expenses: $21.332.76 Ann.


Net Operating Income (NOI): $61,467.24 Ann.

Details

MLS#: 802378
Price: $988,000

Style: Retail
Sq Ft: 1800
Year Built: 1933

County: Queens
Tax Fee: 17580