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28
Map
$450,000
●
Commercial -
Off Market
301B Bergen Avenue #1
West Babylon, NY 11704
Studio
0 Bath
$2,456
Estimated Monthly
$0
HOA / Fees
About This Property
Calling All Investors, Developers, End-Users & Restauranteurs!!!
10.65 Cap Waterfront Restaurant With 34 Boat Slips For Sale For
Sale!!!The Property Features Excellent Signage, Great Exposure,
High 18' Ceilings, 59 Indoor Seats, 98 Outdoor Seats, 15 Seats In
The 3 Season Room, 40 Parking Spaces, 240+ Feet Of Waterfront, 34
Boat Slips, Strong Zoning, 2 Private Parking Lots, 2 Bars, 5
Strategiccally Placed Curb Cuts, All New LED Lighting, CAC, +++!!!
The Property Has A BRAND NEW Bulkhead Completed In 2023!!! The
Property Is Located In The Heart Of West Babylon On Beautiful
Bergen Point!!! The Property Is Currently Home To A Successful
Restaurant That Does Over $1 Million Gross Per Year With High
Profit Margins!!! Neighbors Include Starbucks, Honda, Stop & Shop,
CVS, 7-Eleven, Panera Bread, AutoZone, PetSmart, McDonald's, Taco
Bell, Marshall's, DSW Shoe Warehouse, Old Navy, Aldi, L.A. Fitness,
Five Below, Burger King, +++!!! This Property Offers HUGE Upside
Potential!!! This Could Be Your Next Investment Property,
Development Site Or Home For Your Business!!! Income: Restaurant:
$120,000 Ann. (Available) Boat Slip Rentals: $106,250 Ann. ($125
Per Foot) Gross Income: $226,250 Ann. Expenses: Insurance: $2,813
Ann. Maintenance & Repairs: $250 Ann. Taxes: $26,156 Ann. Total
Expenses: $29,219 Ann. Net Operating Income (NOI): $197,031 Ann.
(Proforma 10.65 Cap!!!)
Unit Size
-
Days on Market
245 days
Land Size
0.25 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
-
Last updated: 5 months ago (OneKey MLS #ONE3475420)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 3, 2024 | Sold | $450,000 | |
Sold | |||
May 3, 2023 | Listed by All Island Estates Realty Corp | $500,000 | |
Listed by All Island Estates Realty Corp |
Property Highlights
Exterior Details
Property Information
Square Footage : 2800
Property Type: Business Opportunity
Property Sub Type: Retail
Building Information
Building Area Units: Square Feet
Lot Information
Lot Size Acres: 0.25
Lot Size Square Feet: 10890
Location Details
Directions: West Montauk Hwy South to Bergen Avenue
County or Parish: Suffolk
Other Details
On Market Date: 2023-05-03
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
05/03/2023
|
Loft
|
-
|
-
|
$500,000
Loft
-
|
$450,000
-10.00%
01/03/2024
|
-
|
Richard Matt Shane
All Island Estates Realty Corp
|
|
04/17/2023
|
|
Loft
|
-
|
-
|
$1,988,000
Loft
-
|
-
-
|
-
|
Richard Matt Shane
All Island Estates Realty Corp
|
04/20/2021
|
|
Loft
|
-
|
-
|
$1,800,000
Loft
-
|
-
-
|
-
|
Eileen M Baradzi
Netter Real Estate Inc
|
01/09/2020
|
|
Loft
|
-
|
-
|
$1,872,000
Loft
-
|
-
-
|
-
|
Timothy Galligan
Keller Williams Points North
|
05/31/2019
|
|
Studio
|
-
|
-
|
$2,400,000
Studio
-
|
-
-
|
-
|
Pedro Diaz
Keller Williams NYC
|