4 PROPERTIES TO CONSIDER. ALL DIFFERENT STYLE PROPERTIES AT DIFFERENT PRICES. I AM GOING TO POST THE BOTTOM LINE SELLING /ACCEPTABLE PRICES TO ELIMINATE NON SERIOUS FROM SERIOUS BUYERS.
1) 15 UNIT SEMI-DETACHED BUILDING WITH CAR PORT, LOCATED OFF ELIOT AVENUE, AND 85 STREET IN MIDDLE VILLAGE,NY 11379. 15 TENANTS, NOW CHILDREN, NO HANG OUTS, NO SITTING ON THE STOOPS, LOUD MUSIC BLASTING. THESE ARE TENANTS WHO PUT UP TWO MONTHS SECURITY AND HAD TO HAVE A MINIMUM OF A 700 CREDIT SCORE TO RENT IN THIS BUILDING.
$261K INCOME. THERE ARE ELEVEN 3 RM. APARTMENTS AND 4 STUDIO'S
ASKING $3,750,000 OWNER WILL ACCEPT $3.5 MILLION 'AS IS'. THAT IS 13.4 TIMES INCOME
2) CORNELIA STREET OFF MYRTLE AVENUE-12 UNIT BUILDING BRICK
RIDGEWOOD-INCOME $191,598.72 YEARLY
NEW ROOF CONVERSION FROM OIL TO GAS
ASKING $3.5 MILLION
OWNER WOULD ACCEPT $3.1 MILLION (16X'S INCOME)
3)MIDDLE VILLAGE, NY- COMMERCIAL CONDO WITH SCHOOL AS ANCHOR TENANT-SINCE 1987 THEY HAVE 5 YEARS LEFT TILL 2023 AND HAVE TOLD US THEY WOULD SIGN ANOTHER 20 YEAR LEASE IF NEW OWNER WILL KEEP THEM. OWNER COLLECT $17,000 MONTHLY OR $202,000 YEARLY PLUS TENANTS PAY OWNER ANOTHER $40,000 TOWARD EXPENSES. TOTAL INCOME $242,000
ASKING PRICE $3.5 MILLION . OWNER WILL NOW CONSIDER NO LESS THAN $3.1 MILLION WHICH IS 12.8 X'S INCOME.
4) REDUCED. CORNER PROPERTY ON ELIOT AVENUE. 104'X 130'X 78.79'
TWO DRIVEWAYS WITH A DETACHED 12,000 SQ.FT. BUILDING CONSISTING OF TWO RESTAURANTS AND THREE OFFICES. PARKING LOT CAN FIT 25 CARS.
OWNERS RETIRING AND WILL SELL AND VACATE.
OPPORTUNITY FOR A SCHOOL, WITH PARKING AND PLAYGROUND.
ALSO GOOD FOR A FRANCHISE/ OR A BANK TENANT.
BUILDING SQUARE FT. 12,000(4,000 PER 3 FLOOR) MIDDLE VILLAGE,NY 11379
ASKING $4,750,000 FLEXIBLE-ALL SERIOUS OFFERS CONSIDERED.
POTENTIAL YEARLY INCOME IS ABOUT $30,000 MONTHLY TO $35,000 MONTHLY
OPPORTUNITY TO BUY AT 12.5 X'S INCOME HERE.
BOTTOM LINE $4.5 MILLION
JIM TURANO/BROKER-1-347-837-9206 CELEBRATING 40 YEARS IN THE BUSINESS
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