42-46 Broadway, Rocky Point, NY

About 42-46 Broadway

Calling All Investors, Developers & End-Users!!! 12.55 Cap 9,700+ Sqft. 4 Unit Mixed-Use Property With Huge Parking Lot For Sale!!! The Building Features Excellent Signage, Great Exposure, Restaurant, Bar, 32 Parking Spaces, High 9’ Ceilings, J-2 Zoning, 4 Lots, All New LED Lighting, 200 Amp Power, CAC, +++!!! The Property Is Located In The Heart Of Rocky Point On Broadway Only 2 Blocks From Route 25A!!! Neighbors Include Starbucks, Tesla, Stop & Shop, Public Storage, Planet Fitness, CVS, Dunkin’, 7-Eleven, Teacher’s Federal Credit Union, Tropical Smoothie Cafe, Kohl’s, Costello Ace Hardware, Mavis Discount Tire, McDonald’s, Jiffy Lube, Jersey Mike’s Subs, Trader Joe’s, +++!!! The Property Has 65’ Of Frontage On Broadway + 100’ Of Frontage On Eagle Road!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Bar/Restaurant (3,600 Sqft. + 1,000 Sqft. LL): $106,800 Ann.; Lease Exp.: 3/1/2035. Greek Restaurant (1,307 Sqft.): $22,800 Ann.; Lease Exp.: 2031. 1 Br. Apt. (1,000 Sqft.): $24,000 Ann.; M-M. Studio Apt. (400 Sqft.): $21,600 Ann. (Available) Parking Lot/Yard: $24,000 Ann. (Available) Bar Tax Rebate: $21,600 Ann. Greek Restaurant Tax Rebate: $7,000 Ann. Pro Forma Gross Income: $227,800 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $3,823 Ann. Water: $0 Ann. Taxes: $27,625.79 Ann. Total Expenses: $31,698.79 Ann. Net Operating Income (NOI): $196,101.21 (Pro Forma 14.01% Cap!!!)

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