Property Description
Calling all investors, developers & end-users!!! 17. 53 cap restaurant / bar mixed use building on 9, 500 sqft. Lot for sale!!! The property features great exposure, excellent signage, 18 parking spaces, strong r34 zoning, parking lot, high 10' ceilings, 4 br. Apartment, backyard, deck, garage, all new led lighting, 3 phase power, cac, +++!!! The property is located in the heart of broad channel minutes from the cross bay bridge & rockaway beach!!! Neighbors include starbucks, verizon, chase bank, western union, stop & shop, dunkin', mobil, walgreens, ymca, key food, popeye's, +++!!! The entire building can be delivered vacant if need be. This property has huge upside potential!!! This could be your next investment property / home for your business!!! Income: restaurant / bar: $96, 000 ann. (available) 4 br. Apartment: $48, 000 ann. M-m. Garage: $13, 800 ann. (available) yard: $21, 600 ann. (available) gross income: $179, 400 ann. Expenses: propane: $0 ann. Electric: $0 ann. Maintenance & repairs: $250 ann. Water: $0 ann. Insurance: $2, 600 ann. Taxes: $1, 635 ann. Total expenses: $4, 485 ann. Net operating income (noi): $174, 915 ann. (pro forma 17. 53cap!!! )
Property Information
| Location/Town | Broad Channel |
| Area/County | Queens |
| Prop. Type | Commercial Sale |
| Tax | $1,635.00 |
| # Stories | 2 |
| Year Built | 1966 |
| Total Units | 2 |
| Lot Size | 100x95 |
| Lot SqFt | 9,500 |
| Zoning | R34 |
| Tax Lot | 630 |
| Units | 2 |
| Listing information courtesy of: All Island Estates Realty Corp | |
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