Banner

516-783-5600

627-635 Wadleigh Avenue, West Hempstead, NY 11552

[West Hempstead Real Estate, listing number 2360952]



Description: 2360952
   Calling All Investors, Developers, & End-Users!!! Amazing 10 Unit Metal Scrap Yard For Sale!!! The Property Features A Warehouse, Huge Yard, 3 Br. 1.5 Bath House, High 12'' Ceilings, Excellent Signage, Great Exposure, 3 Lots, Garage, Outdoor Storage, Strong Zoning, 86 Parking Spaces, Separate Meters, Private Driveway, Fenced Yard, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of West Hempstead & Has Been Home To A Successful Metal Recycling Facility For 100+ Years!!! The Property Is Situated 6 Blocks From Lakeview LIRR Station, 2 Blocks From Southern State Parkway & 5 Miles From JFK Airport!!! Neighbors Include NY Equestrian Center, The Home Depot, Stop & Shop, CubeSmart Self Storage, Dunkin'', CVS, Regal Cinemas, Lidl, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 180'' x 60'' Yard: $84,000 Ann. 10'' x 30'' Yard (Contractor): $9,000 Ann. 20'' x 60'' Yard (Contractor): $19,200 Ann. Front Parking: $9,600 Ann. (Available) 30'' x 30'' Yard: $12,000 Ann. (Available) Office (600 Sqft.): $15,600 Ann. (Available) 2,000 Sqft. Warehouse(Contractor): $30,000 Ann. M-M. 30'' x 30'' Garage (Contractor): $12,000 Ann. M-M. 3 Br., 1.5 Bath House: $39,000 Ann. + Utilities. M-M. Been Here 5+ Years So Far. Full Basement. Pro Forma Gross Income: $230,400 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Insurance: $3,058 Ann. Taxes: $35,438.17 Ann. Total Expenses: $38,496.17 Ann. Net Operating Income (NOI): $191,903.83 Ann. (Pro Forma 8.44 Cap!!!)Calling All Investors, Developers, & End-Users!!! Amazing 10 Unit Metal Scrap Yard For Sale!!! The Property Features A Warehouse, Huge Yard, 3 Br. 1.5 Bath House, High 12'' Ceilings, Excellent Signage, Great Exposure, 3 Lots, Garage, Outdoor Storage, Strong Zoning, 86 Parking Spaces, Separate Meters, Private Driveway, Fenced Yard, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of West Hempstead & Has Been Home To A Successful Metal Recycling Facility For 100+ Years!!! The Property Is Situated 6 Blocks From Lakeview LIRR Station, 2 Blocks From Southern State Parkway & 5 Miles From JFK Airport!!! Neighbors Include NY Equestrian Center, The Home Depot, Stop & Shop, CubeSmart Self Storage, Dunkin'', CVS, Regal Cinemas, Lidl, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 180'' x 60'' Yard: $84,000 Ann. 10'' x 30'' Yard (Contractor): $9,000 Ann. 20'' x 60'' Yard (Contractor): $19,200 Ann. Front Parking: $9,600 Ann. (Available) 30'' x 30'' Yard: $12,000 Ann. (Available) Office (600 Sqft.): $15,600 Ann. (Available) 2,000 Sqft. Warehouse(Contractor): $30,000 Ann. M-M. 30'' x 30'' Garage (Contractor): $12,000 Ann. M-M. 3 Br., 1.5 Bath House: $39,000 Ann. + Utilities. M-M. Been Here 5+ Years So Far. Full Basement. Pro Forma Gross Income: $230,400 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Insurance: $3,058 Ann. Taxes: $35,438.17 Ann. Total Expenses: $38,496.17 Ann. Net Operating Income (NOI): $191,903.83 Ann. (Pro Forma 8.44 Cap!!!)

Details:
   Families: 10
   Property Type: Commercial
   Lot Size: 100x139
   Acres: 0.95
   Built: 1926

Financials:
   Price: $2,275,000
   Taxes: $35,438

R. Matthew Shane2

All Island Estates Realty Corp.
R. Matthew Shane
Lic. Real Estate Salesperson
Office: 516-783-5600

View Bio      Contact