About 771a-775 Famingdale Road
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
Features of 771a-775 Famingdale Road
| MLS® # | 905144 |
|---|---|
| Price | $1,399,000 |
| Bathrooms | 0.00 |
| Square Footage | 4,333 |
| Acres | 0.00 |
| Year Built | 1971 |
| Type | Commercial |
| Sub-Type | Business |
| Status | Active |
Community Information
| Address | 771a-775 Famingdale Road |
|---|---|
| City | West Babylon |
| County | Suffolk County |
| State | NY |
| Zip Code | 11704 |
Additional Information
Listing Details
| Office | Winzone Realty Inc |
|---|---|
| Office Contact | 917-667-5661 |