Check Availability
$1,299,000
Commercial - For Sale

33 Park Place

Lynbrook, NY 11563
bedrooms
Studio
bathrooms
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
Richard Matt Shane
All Island Estates Realty Corp
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

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
-
$1,250,000 Jul 29, 2021
$1,250,000 May 19, 2022
-
Commercial
Loft
-
-
$1,130,000 Nov 16, 2021
$1,130,000 Apr 28, 2022
-
Commercial
Loft
-
-
$1,100,000 Aug 18, 2023
$1,100,000 Nov 1, 2023
$3,333/mo
Multifamily
4 Beds
4 Baths
-
$1,240,000 May 19, 2021
$1,240,000 Sep 28, 2021
$1,866/mo
Commercial
Loft
-
-
$1,050,000 Jan 24, 2024
-
$1,833/mo
House
Stu
-
-
$1,350,000 Jan 10, 2024
-
$2,059/mo
Multifamily
8 Beds
4 Baths
-
$1,250,000 Jan 8, 2024
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20221201
12/01/2022
Loft
-
-
$1,399,999
bedrooms
Loft
bathrooms
-
-
-
-
Alexander Jacobson
Keller Williams NYC
20210506
05/06/2021
12 Bed
12 Bath
-
$1,399,999
bedrooms
12 Bed
bathrooms
12 Bath
-
-
-
Alexander Jacobson
Keller Williams NYC
20180830
08/30/2018
Studio
-
-
$929,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

33 Park Place 33 Park Place, Lynbrook, NY 11563
  • 1 Unit for Sale
More about this Building
33 Park Place
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About Lynbrook


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