29 W Sunrise Highway
Freeport, NY, 11520 $ 825,000
Baths0.0 Sq 4,200 Monthly Estimate*
$ 5,483
Studio
for $825,000. This 4,200 square foot building was built in 1928 on a lot size of 0.06.
Calling All Investors, Developers & End-Users!!! 11.11 Cap 4,200 Sqft. Two Unit Mixed-Use Building For Sale!!! Located On Busy Sunrise Highway The Property Features Great Exposure, Excellent Signage, 6 Parking Spaces, High 10' Ceilings, 3 Br Apartment, Signalized Intersection, All New LED Lighting, 3 Phase Power, CAC, +++!!! The Property Was Renovated In 2022!!! The Property Is Located In The Heart Of Freeport On Busy Sunrise Highway Across From The Freeport LIRR Station!!! This Portion Of Sunrise Highway Has A Daily Traffic Count Of 58,000 + Vehicles Per Day!!! Neighbors Include Land Rover, Lexus, BMW, Porsche, Chevrolet, UPS, Dunkin', The Home Depot, Staples, 7-Eleven, Target, Goodyear, Mavis, Sunoco, Aamco, T Mobile, IHOP, Walgreens, Roslyn Savings Bank, Papa John's, Domino's, Burger King, +++!!! The Entire Building Can Be Delivered Vacant If Need Be. This Property Has HUGE Upside Potential!!! This Could Be Your Next Investment Property / Home For Your Business!!! Income: Showroom/ Retail Unit (2,400 Sqft.): $67,200 Ann. (Available) LL (1,000 Sqft.): $15,000 Ann. (Available) 3 Br Apartment (800 Sqft.): $28,500 Ann. M-M. Gross Income: $110,700 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Water: $360 Ann. Insurance: $2,253 Ann. Taxes: $16,175 Ann. Total Expenses: $19,038 Ann. Net Operating Income (NOI): $91,662 Ann. (Proforma 11.11 Cap!!!) , or
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FeaturesGeneralNumberOfUnitsTotal 2
Lot Size Units Acres
Building Area Units Square Feet
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* Excluded FeaturesList ByRichard Matt ShaneListing Agent
All Island Estates Realty CorpBroker
matthewshane8828@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,483
- Monthly Property Taxes
- $1,415
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Freeport, NY
Average List Price $1,150,417
Percent of Sale Price 39%
About Freeport, NY 43,979 Population
-1% Since 2002
$ 71,748 Median Income
39.44 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
9/12/2023 | $825,000 | -2.94% | Price Down |
3/15/2023 | $850,000 | -4.28% | Price Down |
2/23/2023 | $888,000 | | Listed Price |