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58 Landing Road, Glen Cove, NY, 11542 | $799,000
Fully leased two-tenant commercial investment opportunity positioned at the visible corner of Landing Road and Miller Street in Glen Cove. Listed under 58 Landing Road for address/geocoding purposes, this offering includes both 58 & 60 Landing Road, sold together as one combined commercial investment property. Offered at $799, 000, the property features approximately 6, 112 total building sq. ft. per public records, including two established food/beverage tenants with approximately 3, 680 sq. ft. of tenant/leasable area and a full basement/storage area with walk-in cooler. Owner-provided 2025 financials reflect $95, 178. 12 in gross rental income, $42, 837. 89 in operating expenses, and $52, 340. 23 in NOI, representing an approximate 6. 55% cap rate at the asking price, subject to buyer verification. The property offers existing restaurant infrastructure, central air, forced air heat, public water/sewer, and current income with future upside potential. A strong fit for investors, 1031 exchange buyers, and local commercial owners seeking Long Island retail exposure. Please do not disturb tenants. Financials, leases, survey, and insurance information available upon request to qualified buyers.
Features
- Property Type: Retail
- Construction: Block, Brick, Frame, Stone, Stucco
- Utilities: Electricity Available, Sewer Connected, Water Connected
- Parking: 2-car, On Street
- Levels: 1
- Heating: Forced Air
- Cooling: Central Air
- Units: 2
- Year Built: 1917
- Acreage: 0.1
- Est. Taxes: $28,417
- Lot Desc: Corner Lot, Level
- School District: Glen Cove
- MLS#: 997737
- Days on Market: 11 days
- Website: https://www.raveis.com
/prop/997737/58landingroad_glencove_ny?source=qrflyer
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
58 Landing Road, Glen Cove, NY, 11542
$799,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $639,200 | $639,200 | $639,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $2,368 | $2,368 | $2,368 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,936 | $4,036 | $5,308 |
| Total Monthly Payment | $6,396 | $6,496 | $7,768 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535