Listing Courtesy of Matias Real Estate
$2,299,000
MLS# 2401293
1100 sqft
1 / 6
Property Description
Great development site R3-2 with commercial C1-2 overlay. 4 separate tax lots currently leased out, with NO LEASES and all rents under market rate. Currently pulling in approx. 16K monthly and with the potential for another 5-6k (1/3 is owner occupied). Please consult with architect on what you can built or just hold onto to it to generate monthly income. Lot 1237-55-Taxes $18,827 Lot 1237-61-Taxes $2,252 Lot 1237-64-Taxes $4,715 Lot 1237-67 Taxes $8,269
Details
Address/Legal
County: Richmond
State: NY
Zip Code: 10303
Area Name: Arlington
Section: North Shore
Contract/Location Information
Listing Date: 2024-03-11
List Price: $2,299,000
Current Price: $2,299,000
Sub-Type: Commercial
List Price/SqFt: 2090
Sale/Lease: Sale
Zoning: R3-2-C1-2
Block: 01237
Lot: 0055
CofO: No
List Type: Exclusive Agency
Owner Finance: No
General Property Info
# of Buildings: 4
Stories: 1
Year Built: 1931
Year Built Info: Approx
Taxes: 18827
Tax Abated: No
Lot Size SqFt: 23115
Lot Dim: 201 X 115
Irregular: Yes
Building SqFt: 1100
Condition: Good
# of Parking Spaces: 4
Air Conditioner: None
# of Residential Units: 1
# of Commercial Units: 5
Public Remarks: Great development site R3-2 with commercial C1-2 overlay. 4 separate tax lots currently leased out, with NO LEASES and all rents under market rate. Currently pulling in approx. 16K monthly and with the potential for another 5-6k (1/3 is owner occupied). Please consult with architect on what you can built or just hold onto to it to generate monthly income.
Lot 1237-55-Taxes $18,827
Lot 1237-61-Taxes $2,252
Lot 1237-64-Taxes $4,715
Lot 1237-67 Taxes $8,269
Status Change Info
Status: Active
Building Info
Building Available SqFt: 1100
Warehouse Available SqFt: 1100
Retail Available SqFt: 1100
Sprinklers: No
Income & Expenses
Gross Income: 192000
Total Expense: 40000
Net Income: 152000
For Commercial Land
Gas Available: Yes
Elec Available: Yes
Survey: Yes
Property Features
Electric Meters: Individual
Gas Meters: Individual
Electric: 220
Features: Garage/Service Station; Other
Construction: Concrete Block; Masonry
Parking: Private
Use Restrictions: None
Heat Source: Gas
Heat System: Other
Showing Instructions: Call Agent
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