- Description: Retail center consisting of 6 retail tenants in Valley Stream
- Neighborhood: Valley Stream
- Lot Size: 21,000 SF (100′ X 210′)
- Building Size: 18,500 SF (180′ X 100′)
- Number of Stories: 1
- Parking: Yes
- Zoning:C-1
- Cross Streets: Rockaway Avenue & Merrick Road
- Transportation: LIRR lines at Valley Stream
- Nearby Retailers: Rite Aid, Burger King, CVS Pharmacy, Sears, Dick’s Sporting Goods, Shell, AT&T and more
- NOI: $166,201
- CAP Rate: 6.5%
- Asking Price: $2,500,000
8 Rockaway Avenue, Valley Stream | Retail Investment | $2,500,000
$2,500,000.00
Details
Highlights:
- The building spans a total of 18,500 SF on a 21,000 SF lot
- The entire building is 100% leased
- Every lease includes a 3% annual increase
- Blocks from the LIRR Valley Stream Station, buses, and highways
- Great Retail corridor of W. Merrick Road & Rockaway Avenue
- Tenants are responsible for all utility, water, electricity and pays the tax increases above base years
- NOI is $166,201
- Asking is $2,500,000— SUBMIT BEST OFFERS!
Additional Information
| Asset Type | Retail |
|---|---|
| City | Long Island |
| Price | $ 2,500,000 |
| Building Size | 18,500 |
| Cap Rate | 6.5% |
| Net Operating Income | $166,201 |
Map
Get in Touch for More Details
Related products
-
J51 Abatement in place, 15 years remaining. New tiles, bathrooms, kitchen works, lighting, etc. Boiler installed in each unit, not under Landlord maintenance. Easy access to Jackie Robinson Expy, Van Wyck Expy and public transportation
-
Development Opportunity on Jefferson Avenue. Two blocks away from the Halsey Street Train Station and down the block from the Q24 Bus
-
Total Built: 51,000 SF. Total Buildable: 105.144 SF. Tenants pay for their own utilities and gas. Property is near major highways and roads and multiple local & express buses. Property is walking distance to the 7 train
