676 Fulton Avenue (RT 24), Hempstead

Nassau | Price Upon Request.

Key Details

Sale

Type

Mixed Use

Request Price

Description

Mixed Investment Offering – Commercial & Residential


BUILDING SIZE

+/- 3,800 Square Feet
2 Story with Basement


UNITS

2 Residential, 1 Retail
One 2-Bedroom Apt - 650 sq. ft.
One 1-Bedroom - 650 sq. ft.
One Retail unit – 2,500 sq. ft.


HEAT

Gas


ELECTRIC

Tenants pay electric – separate meters


RENT ROLL

Tenant Lease Exp. Rent Escalations
Hair Salon 1/1/2027 $28,980.00 5% per year
1 Bedroom 2/1/2024 $21,600.00
2 Bedroom 10/1/2024 $23,400.00


REVENUE

$73,980


EXPENSES

R.E. Taxes $21,000
Heat $8,000
Insurance $3,000
Total Expenses $32,000


NOI

$33,380


UPSIDE POTENTIAL

Rents are below market.
Heat expense should be paid by Tenant.


Flyers & Marketing Docs

Michael Baruch

Associate Broker

David B. Sargoy

Managing Director

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