$1,299,000
●
Commercial -
For Sale
33 Park Place
Lynbrook, NY 11563
Studio
0 Bath
$7,511
Estimated Monthly
$0
HOA / Fees
0.62%
Cap Rate
About This Property
Calling All Investors, Developers & End-Users!!! Approved Buy &
Build 6 Unit Condo Development Project For Sale!!! The Property
Features Great Exposure, Excellent Signage, 200 Amp Power, High 9'
Ceilings, 18 Parking Spaces, Sprinklers, Strong Zoning, All New LED
Lighting, CAC, +++!!! The Property Is Located In The Heart Of
Lynbrook Just Blocks From The Lynbrook LIRR & Sunrise Hwy.!!!
Neighbors Include Audi, Mercedes-Benz, Ford, Starbucks, Wyndham
Hotels, CubeSmart Self Storage, 7-Eleven, Dunkin, Mavis Discount
Tire, Enterprise-Rent-A-Car, Mattress Firm, Taco Bell, KFC, +++!!!
This Property Has HUGE Upside Potential!!! This Could Be Your Next
Development Site / Home For Your Business!!! Income:
33A (2 Br., 2 Bath): $43,200 Ann. (Available)
33B (2 Br., 2 Bath): $43,200 Ann. (Available)
33C (2 Br., 2 Bath): $43,200 Ann. (Available)
33D (2 Br., 2 Bath): $43,200 Ann. (Available)
33E (2 Br., 2 Bath): $43,200 Ann. (Available) 33F (2
Br., 2 Bath): $43,200 Ann. (Available) Pro Forma Gross
Income: $259,200 Ann. Expenses: Maintenance &
Repairs: $250 Ann. Insurance: $2,813 Ann.
Taxes: $13,584.83 Ann. Total Expenses: $16,647.83 Ann.
Net Operating Income (NOI): $242,553 Ann. (Pro Forma
18.67 Cap!!!)
Unit Size
-
Days on Market
91 days
Land Size
0.25 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$1,132
HOA Dues
-
Year Built
-
Listed By
Last updated: 3 months ago (OneKey MLS #ONE3530048)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 6, 2024 | Listed by All Island Estates Realty Corp | $1,299,000 | |
Listed by All Island Estates Realty Corp | |||
May 16, 2016 | Sold | $185,000 | |
Sold |
Property Highlights
Exterior Details
Property Information
Square Footage : 711250
Property Type: Commercial Sale
Property Sub Type: Mixed Use
Building Information
Building Area Units: Square Feet
Lot Information
Lot Size Acres: 0.25
Lot Size Square Feet: 11051
Lot Size Dimensions: 50x155
Financial Details
Tax Annual Amount: $13,584
Location Details
Directions: Merrick Rd to Park Place
County or Parish: Nassau
Other Details
On Market Date: 2024-02-06
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
Sold
Multifamily
4
Beds
4
Baths
-
$1,240,000
May 19, 2021
$1,240,000
Sep 28, 2021
$1,866/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
12/01/2022
|
|
Loft
|
-
|
-
|
$1,399,999
Loft
-
|
-
-
|
-
|
Alexander Jacobson
Keller Williams NYC
|
05/06/2021
|
|
12 Bed
|
12 Bath
|
-
|
$1,399,999
12 Bed
12 Bath
|
-
-
|
-
|
Alexander Jacobson
Keller Williams NYC
|
08/30/2018
|
|
Studio
|
-
|
-
|
$929,000
Studio
-
|
-
-
|
-
|
-
|