222 HEMPSTEAD Avenue, Lynbrook, NY, 11563
1949
Located at the heart of the five corners, this cash flowing commercial mixed-use asset consists of a ground floor retail space and two residential apartment units, a well manicured back lawn, and two dedicated parking spaces. Each apartment unit is a fully updated 2 bedroom, 1 bathroom with annual leases in place and long-term reliable tenants. The upstairs residential tenant is paying $2,850/month and the first-floor residential tenant is paying $2,200/month, well below market rent. The commercial tenant is in the third year of a five year gradual rate increase lease, and is currently paying $3,502/month, bringing gross annual income to $102,624. The commercial tenant has very consistent clientele with plenty of foot traffic and has operated a successful business out of the retail space for many years. This consistently cash flowing property has been well maintained and is conveniently located less than 10 minutes from the Lynbrook, Valley Stream, Rockville Centre and Malverne train stations.
Status:
Pending
Type:
Commercial
Heating:
Natural Gas
Cooling:
Central Air, Wall/Window Unit(s)
Basement:
Unfinished
Est. Taxes:
$17,147
Construction
Brick, Frame, Unknown, Vinyl Siding
Utilities
Sewer Connected, Water Connected
Days on Market:
23
Appliances:
Gas Range, Refrigerator
MLS #:
982318
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of Signature Premier Properties 516-766-7900