175-25 139th Road
Corner Commercial Property that is Fully Occupied
Overview
Key Highlights
- Price $1,650,000
- $/SF $259
- Units 4
- Proforma Cap Rate 8.81%
Overview
Investment Highlights
• 4 commercial units fully occupied
• Minimal landlord responsibilities - New Roof installed in Q3 2024
• Immediate upside through rent increases and lease negotiations
• Additional income from wall mounted billboard with potential to increase rents
• Located on Farmers Blvd only a few blocks from the LIRR Locust Manor Train Station
• Easy access to the Belt Parkway with on-ramps headed East and West a short distance away
• Surrounded by a dense residential neighborhood
• Perfect for an Owner-User due to in place lease flexibility
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