5
See all 5 photos
$1,399,000
Est. payment /mo
New
771A-775 Famingdale RD West Babylon, NY 11704
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 905144
Rental Info No
Annual Tax Amount $29,599
Property Sub-Type Business
Source onekey2
Property Description
This is an excellent opportunity to own a commercial property with an approximate 5% cap rate.
The property includes 9 parking spaces and generates a monthly rental income of $6,000, with the tenant responsible for all utilities and property taxes.
• Annual property tax: $29,599.42
• Owner expenses: Approximately $5,000/year for property insurance
• Roof: Replaced about 3 years ago
• Tenant: A dry cleaning business that has operated at this location for approximately 25 years
• Lease: Long-term lease in place — 10 years with a 5-year renewal option
The property includes 9 parking spaces and generates a monthly rental income of $6,000, with the tenant responsible for all utilities and property taxes.
• Annual property tax: $29,599.42
• Owner expenses: Approximately $5,000/year for property insurance
• Roof: Replaced about 3 years ago
• Tenant: A dry cleaning business that has operated at this location for approximately 25 years
• Lease: Long-term lease in place — 10 years with a 5-year renewal option
Location
State NY
County Suffolk County
Interior
Heating Other
Cooling None
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available See Remarks
Building
Foundation Other
Sewer Other
Water Other
Structure Type Other
Others
Special Listing Condition None
Listed by Winzone Realty Inc • Jing Wang