- Single story retail strip consisting of 5 units
- Walking distance to various popular retailers including Walgreens, Subway Restaurants, and Chase Bank
- One block from Elmont Rd / Freeman Ave [n1] Bus Station
- Price – $ 1,650,000
- CAP – 7%
Elmont Road Elmont, NY 11003
$1,650,000.00
Details
- Single story retail strip consisting of 5 units
- Walking distance to various popular retailers including Walgreens, Subway Restaurants, and Chase Bank
- One block from Elmont Rd / Freeman Ave [n1] Bus Station
- Price – $ 1,650,000
- CAP – 7%
Additional Information
| Asset Type | Retail |
|---|---|
| City | Long Island |
| Neighborhood | Elmont |
| Broker | Elli Khafizov |
| Price | $ 1,650,000 |
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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
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Strong retail corridor with heavy foot and car traffic. Tenants reimburse some expenses. Minimal management asset. There is no basement here. Below market rents and an upside driven asset
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Property is currently 100% leased
Strong retail corridor with heavy foot and car traffic on both sides of the streets
All tenants have 3% annual rental increases
