Fully Rented 6 Income Building

For Sale

79 Glen Cove Ave, Glen Cove, NY

Asking: $725,000

Call: 516-359-8028

Front view

Back view

Main Office Area

Building is Located on Glen Cove Avenue, Close to Downtown and 3 Minutes to Beaches and to the LIRR station.

Existing Incomes:Income:Lease expires:    Lease Type:Escalation:

1 Bedroom Apartment:  $9,480/yr  2008Net   N/A

3 Bedroom Apartment:   $22,320/yr        mo-to-mo GrossN/A

Main Office (pictured):          $27,440/yr2008Gross5%/Year

Office No. 2:          $7,560/yr         2011Net    5%/Year

Office No. 3:    $5,400/yr 2011GrossN/A

2 Car Garage:        $4,080/yr2009GrossN/A

Total Annual Income:           $76,280

6 Car New Parking Lot,

Unlimited street parking

Mint Condition:

Building was recently renovated and updated from-top-to-bottom:

New Roof, Windows, Landscaping, New 5 zone Heating System and Electric, New Siding,

Garage: New Roof, Doors and Siding

Approximate Taxes:$16,000/yr

Insurance:       $1,800/yr

A true money maker! Mint Condition! A Must See! 

Contact the Owner:

Gabor Karsai

Mobile: 516-359-8028

Disclaimer:

Information contained herein is not guaranteed by Landmark Realtors, Inc. or the owner of this property, prospective buyers must verify all information independently.