Calling All Investors, Developers & End-Users!!! 100% Occupied 30,700+ Sqft. Corner Building With Private Parking Lot On Prestigious Northern Blvd. For Sale!!! The Property Is Located In The Heart Of Bayside On Northern Blvd. 2 Blocks From Bell Blvd. & Only Minutes From The Bayside LIRR Station!!! The Property Is Situated Midway Between I-295 & The Cross Island Pkwy.!!! The Building Features Excellent Signage, Great Exposure, R6B/R4/C2-2 Zoning, High 17’ Ceilings, Private Parking Lot, 2 Elevators, Sprinklers, Strategically Placed Curb Cut, 3 Stories, 23 Parking Spaces, 3 Phase Power, All New LED Lighting, CAC, +++!!! Neighbors Include Starbucks, BMW, Jeep-Dodge-Ram, Nissan, USPS, UPS, Northwell Health, Chase Bank, Capital One, Citibank, TD Bank, Investor’s Bank, Verizon, AT&T, CubeSmart Self Storage, Staples, Dunkin’, 7-Eleven, Tropical Smoothie Cafe, Wendy’s, Orangetheory Fitness, Bareburger, CVS, +++!!! The Property Has 101’ Of Frontage On Northern Blvd. + 143’ Of Frontage On 215th St.!!! This Property Has A Daily Traffic Count Of 50,000+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
1st Floor:
Register Abstract Company (1,060 Sqft.): $105,351.48 Ann.; 3% Ann. Inc.; Lease Exp.: 1/31/30.
Lucia Pizza (1,200 Sqft.): $75,398.23 Ann.; 3% Ann. Inc.; Lease Exp.: 6/30/32.
Tiger Schulmann (3,500 Sqft.): $166,980 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 9/30/29.
2nd Floor:
The Learning Experience (10,000 Sqft.): $484,660.08 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 4/30/35.
3rd Floor:
Mark Khandhorov, Esq. (1,800 Sqft.): $60,000 Ann.; 3% Ann. Inc.; Lease Exp.: 1/31/28.
RJ Capital (2,000 Sqft.): $150,000 Ann.; 3% Ann. Inc.; Lease Exp.: 9/30/29.
Lend IQ (8,500 Sqft.): $150,000 Ann.; 3% Ann. Inc.; Lease Exp.: 10/31/34.
Ground Floor:
KOH Architecture (700 Sqft.): $30,000 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 4/30/26.
Mava Law (600 Sqft.): $30,000 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 10/31/29.
Tax Reimbursement: $96,185.04 Ann.
CAM Reimbursement: $23,155.20 Ann.
Expenses:
Gas: $0 Ann.
Electric: $15,000 Ann.
Water: $3,900 Ann.
Trash: $850 Ann.
Insurance: $27,960 Ann.
Maintenance & Repairs: $1,991.62 Ann.
Taxes: $109,906.16 Ann.
Gross Income: $1,371,910.15 Ann.
Total Expenses: $159,607.78 Ann.
Net Operating Income (NOI): $1,212,302.37 Ann. (8.08% Cap!!!)
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