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The Property Features Excellent Signage, Great Exposure, High 8’ Ceilings, R40 Zoning, 32 Parking Spaces, 2 Car Garage, Skylight, 2 Bay Warehouse, Circular Driveway, 3 Br. Apartment, Huge Yard, 200 Amp Power, Strategically Placed Curb Cut, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Dix Hills On Route 231 In Between The Northern State Pkwy. & L. I. E. (I-495)!!! This Portion Of Deer Park Avenue Has A Daily Traffic Count Of 28, 000+ Vehicles Per Day!!! Neighbors Include BMW, Audi, Jeep-Dodge-Ram, Chevrolet, Toyota, Kia, Honda, Mazda, Subaru, The Home Depot, Target, Extra Space Storage, Sunoco, WholeFoods, Petco, Dunkin’, McDonald’s, Wendy’s, +++!!! The Property Is Located Next Door To Sunrise Senior Living!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Daycare (3, 700 Sqft. ): $120, 000 Ann. (Available) 3 Br. Apt. : $48, 000 Ann. (Available) 2 Car Garage: $15, 600 Ann. (Available) 2 Bay Warehouse + Yard (1, 200 Sqft. ): $72, 000 Ann. (Available) Yard: $24, 000 Ann. (Available) Gross Income: $279, 600 Ann. Expenses: Gas: $0 Electric: $0 Maintenance & Repairs: $250 Ann. Insurance: $2, 989 Ann. Taxes: $21, 628. 80 Ann. Water: $520 Ann. Total Expenses: $25, 387. 80 Ann. Net Operating Income (NOI): $254, 212. 20 Ann. (Pro Forma 8. 51% Cap!!!)Calling All Investors, Developers & End-Users!!! Amazing 8. 51 Cap Daycare/ Residential/Warehouse Combo Property For Sale In Dix Hills!!! The Property Is Situated On A HUGE 50, 500+ Sqft.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,988,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,390,400 | $2,390,400 | $2,390,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.875% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.925% | 5.858% | 5.681% |
| Monthly Tax Payment | $1,694 | $1,694 | $1,694 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $12,650 | $13,950 | $19,532 |
| Total Monthly Payment | $14,469 | $15,769 | $21,351 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.