28 Brooklyn Ave., Valley Stream, NY 11581

Listing was updated at: 06/07/2019
Property Overview
Price/Rent PSF $ 799,915.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 5,138
Date Available 06/07/2019
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Floors 3
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28 Brooklyn Ave., Valley Stream, NY 11581

KW Commercial Property For Sale. Price Reduction - Motivated Seller! 5,138 s/f +/-. Great investment opportunity in the heart of Valley Stream! Walk to all transportation, schools, shopping, and fine restaurants. Fully occupied with open market rents. Renovated in 2005 with low maintenance costs. Tenants pay own heat, gas and electric. Cap Rate 6.37%. Pro forma cash on cash return 7.00%. Tremendous up-side potential as current rent role is below market area and well positioned for escalation increasing operating income. Basement build out to coin pay laundry service is possible further increasing building income. Property tax grievance and writ of certiorari pending. Taxes curremtly $8.54 per building s/f. Motivated seller will consider reasonable offers. Serious and qualified inquiries only, please. Call or Text Rick 516-978-8023. E-mail: rickcarello@gmail.com.