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Listed price in listed location currency (USD).
$950,000
$925,000

0018

MLS® L3462336

Overview

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $1,635
Approx. Age 1966
MLS® Number L3462336

Property Address: 3-18-02 Cross Bay Blvd, Broad Channel, NY, 11693-1224

Average square foot calculated using Size range provided by listing agent.

Description

Calling All Investors, Developers & End-Users!!! 18.41 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 18.41 Cap!!!)
MLS® NumberL3462336
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1966
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

Mar 3, 2024End Date
$950,000Sold Price

Sold

Mar 4, 2023List Date
$925,000List Price

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