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100 Atlantic Ave
Lynbrook, NY 11563 Lynbrook

$688,000

Industrial Live Work Unit For Sale  •  3,700 Sq Ft

Property Details

  • Property Type Industrial Live Work Unit
  • Total Building Size 3,700 Sq Ft
  • Lot Size 0.09 ac
  • Building Class C
  • Year Built 1925
  • Cap Rate 8.12 %
  • Tenancy Multiple
  • Zoning 483.1 Converted Residence
55 Transit Score
86 Walk Score

Description

Calling All Investors & Office/ Warehouse End-Users!!! 3,700 Sqft. Office/ Warehouse Combo For Sale Offered At A 8.1 Cap!!! The Property Features 2 Private Driveways, Excellent Signage, High 16’ Ceilings, 12+ Parking Spaces, A 2,000 Sqft. Warehouse, 1 Drive-In Door, A 2 Unit 1,700 Sqft. Office Building With Beautiful Renovated Offices, +++!!! The Building Can Be Delivered Vacant Or With Leases If Need Be.
Gross Income: $87,600
Warehouse: $45,600 Ann. (2,000 Sqft.) (Lease Exp. 7/1/20; This Tenant Has Requested An Additional 5 Year Lease; 3% Ann. Increase)
Warehouse Loft: $2,400 Ann. (M-M)
1st Floor Office: $21,600 Ann. (Available) (750 Sqft.)
2nd Floor Office: $18,000 Ann. (Available) (750 Sqft.)
Expenses:
Taxes: $28,000
Insurance: $3,000
Snow & Landscaping: $500
Maintenance & Repairs: $250
Net Operating Income (NOI): $55,850 (8.1 Cap!!!) (Proforma)

Highlights

3,700 Sqft. Office/ Warehouse Combo For Sale Offered At A 8.1 Cap!!!
The Property Features 2 Private Driveways, Excellent Signage, High 16’ Ceilings, 12+ Parking Spaces, A 2,000 Sqft. Warehouse, 1 Drive-In Door
The Property Also Features A 2 Unit 1,700 Sqft. Office Building With Beautiful Renovated Offices, +++!!!
Net Operating Income (NOI): $55,850 (8.1 Cap!!!) (Proforma)
The Building Can Be Delivered Vacant Or With Leases If Need Be.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $55,850 (2018)
Cap Rate: 8.12 %
Total Expenses: $31,750

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Bus Line
  • Commuter Rail
  • Security System
  • Signage
  • Skylights
  • Storage Space
  • Kitchen
  • Storage Space
  • Air Conditioning
  • Bicycle Storage
  • High Ceilings
  • Natural Light
  • Secure Storage
  • Security System
  • Wi-Fi
  • Monument Signage

Public Transportation

Commuter RailDriveWalkDistance
Lynbrook Station Commuter Rail (Long Beach Branch, Babylon Branch) 2 min 8 min 0.4 mi
Centre Avenue Station Commuter Rail (Long Beach Branch) 3 min 12 min 0.6 mi
AirportDriveWalkDistance
John F. Kennedy International Airport 13 min - 8.9 mi
La Guardia Airport 22 min - 16.0 mi
Newark Liberty International Airport 55 min - 31.6 mi

Parking Details

Parking Available: No
Reserved: No
Type: SurfaceTandem
Included in Rent: Yes
Matthew Shane 516-279-8828 All Island Commercial
Matthew Shane 516-279-8828 All Island Commercial