47 Franklin Avenue, Hempstead, (Valley Stream), NY, 11580
1948
Rare Investment Opportunities! Looking for a commercial building in Long Island? Good investment opportunities in Long Island, low cost, stable returns! Property Overview • Location: Valley Stream, Long Island 47 Franklin Ave, Valley Stream, NY 11580 • Floor area: 8,450 square feet • Building area: 3,304 square feet • Parking spaces: nearly18-20 Property structure • First floor: restaurant, party room and outdoor BBQ dining area,2 bathrooms • Second floor: office,1 full bathroom Leasing status • Current business: Mexican restaurant, beautifully decorated, booming business • Rent: $7,100/month (including property tax), annual rental income $85,200 • Tenants bear all water, electricity and gas expenses. • Lease: NNN lease 3 years remaining + 5 years renewable. • Rent growth: 3%-4% per year Return on investment • Property tax: $25,600, tax reduction can be applied for • Rate of return: about 6% • Worry-free rent collection, stable cash flow Additional advantages • Homeowner loans can be provided, with interest rates better than banks • Well-decorated, equipped with central heating and cooling system, new roof
Status:
Pending
Town:
Hempstead
Type:
Commercial
Heating:
See Remarks
Cooling:
Central Air
Levels:
2
Parking:
18-car, Parking Lot
Acreage:
0.19
Est. Taxes:
$25,596
Assessment
$5,254
Construction
Brick
Utilities
Electricity Connected, Natural Gas Connected, See Remarks, Sewer Connected, Water Connected
Days on Market:
14
MLS #:
831122
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Chase Global Realty Corp 718-355-8788