Commercial Sale in Far Rockaway, Queens, NY 11691 | Web ID: PH457915 | $1,200,000

Calling all investors, developers & end-users!!! 16. 84 cap 10 free market apartments on a huge lot for sale!!! The property features great exposure, excellent signage, 12 parking spaces, high ceilings, 4 family house, 2 family house, (2) 2 family bungalows, separate meters, a/c, +++!!! The property is located in the heart of far rockaway minutes from the rockaway freeway!!! Neighbors include walmart, chase bank, wyndham hotels, bp gas, u-haul, cvs, t-mobile, boost mobile, mcdonald's, key food, papa john's, domino's, popeye's, dollar general, golden krust, +++!!! The whole property can be delivered vacant!!! This could be your next development site / investment property!!! Income: 416: 2 units in front house + 2 units in rear detached bungalow 1st floor: 3 br. Apt. : $32, 400 ann. (available) 2nd floor: 2 br. Apt. : $26, 400 ann. (available) bungalow left: 2 br. Apt. : $20, 400 ann. M-m; been there 8 years. Bungalow right: 1 br. Apt. : $19, 200 ann. (available) studio apt. : $18, 000 ann. (available) proforma gross income: $116, 400 ann. 420: 2 front units + 2 side units + 2 units in detached rear bungalow unit 1f: 2 br. Apt. : $32, 400 ann. (available) unit 2f: 2 br. Apt. : $32, 400 ann. (available) unit 1r: 2 br. Apt. : $19, 200 ann. M-m; been there 5+ years. Unit 2r: 1 br. Apt. : $18, 600 ann. M-m. (available) bungalow left: 2 br. Apt. : $19, 200 ann. (available) bungalow right: 2 br. Apt. : $25, 200 ann. (available) proforma gross income: $102, 600 ann. Total proforma gross income: $263, 400 ann. Expenses: gas: $4, 500 ann. Electric: $3, 100 ann. Maintenance & repairs: $250 ann. Water & sewer: $5, 800 ann. Insurance: $6, 000 ann. Flood insurance: $2, 000 ann. Taxes: $39, 502 ann. Total expenses: $61, 152 ann. Net operating income (noi): $202, 048 ann. (proforma 16. 84 cap!!! )