Calling All Investors, Developers & End-Users!!! 20,280+ Sqft. Mixed-Use Development Site On Broadway For Sale!!! The Buildings Feature Great Exposure, Excellent Signage, 30 Parking Spaces, High 9’ Ceilings, Strategically Placed Curb Cuts, Ramp, Sprinklers, Accessible Bathrooms, All New LED Lighting, 200 Amp Power, CAC, +++!!! The Property Has 138+ Feet Of Frontage On Busy Broadway & Is Located In The Heart Of Amityville 1 Block From The Amityville LIRR Station!!!
Income:
Nail Salon: $24,000 Ann. M-M.
Beauty Parlor: $24,000 Ann. M-M.
Diner: $120,000 Ann. M-M (Delivered Vacant)
Apt. 1 (2 Br., 1 Bath): $21,600 Ann. M-M.
Apt. 2 (2 Br., 1 Bath): $24,000 Ann. M-M.
Gross Income: $213,600 Ann.
Expenses:
Oil: $3,000 Ann.
Electric: $0 Ann.
Insurance: $4,223 Ann.
Water: $1,500 Ann.
Taxes: $34,348.45 Ann.
Total Expenses: $43,071.45 Ann.
Net Operating Income (NOI): $170,528.55 Ann.
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232-236 Broadway, Babylon, (Amityville), NY, 11701
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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