Description
Calling All Investors, Developers & End-Users!!! 16 Unit 18, 138 Sqft. Corner Office Building With Private Garage For Sale!!! The Building Features Excellent Signage, Great Exposure, 4 Stories, 3, 157 Sqft. Private Parking Garage, High Ceilings, Conference Rooms, Secure Private Offices, 4 Stories, R6/C2-3 Zoning, Sprinklers, All New LED Lighting, Elevator, 3, 200 Sqft. Mezzanine, 3 Phase 1200 Amp Power, CAC+++!!! The Property Is Located In The Heart Of Kew Gardens On Busy Hillside Avenue & Van Wyck Expressway!!! Neighbors Include Starbucks, Toyota, Kia, Honda, Bank Of America, Allstate, Walgreens, Planet Fitness, Dunkin’, McDonald’s, Taco Bell, Mobil, Pep Boys, Wendy’s, Advance Auto Parts, Burger King, KFC, +++!!! The Property Owner Is A Very Prominent Developer!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!Income:1st Floor (Chychillas Inc): $45, 600 Ann.; Lease Exp.: 10/14/28. Unit 201 (Brooklyn Radiation Oncology): $78, 000 Ann.; Lease Exp.: 3/30/37Unit 202 (Brooklyn Radiation Oncology): $140, 280 Ann.; Lease Exp.: 10/10/28. Unit 301 (Best Medical Care): $107, 163.72 Ann.; Lease Exp.: 8/31/26.Unit 304 (Brooklyn Radiation Oncology): $24, 000 Ann.; Lease Exp.: 12/31/28.Unit 305 (Big Heart Home Care): #33, 580.08 Ann.; Lease Exp.: 2/28/25. Unit 306 (Voltamp Electrical Contractors Inc): $30, 000 Ann.; Lease Exp.: 7/2/25.LL #1 (Cristian Genao Photos & Films): $45, 600 Ann.; Lease Exp.: 9/30/26.LL #2 P(Get Ready Kids): $36, 000 Ann.; Lease Exp.: 9/30/25.M-1 (The Excel Academy): $28, 800 Ann.; Membership Since 9/1/23. M-2: $18, 000 Ann.; Membership Available.M-3: $16, 800 Ann.; Membership Since 10/18/24.M-4: $13, 200 Ann.; Membership Since 11/1/24.M-5: $19, 200 Ann.; Membership Available.M-6: $19, 200 Ann.; Membership Available. M-7: $19, 200 Ann.; Membership Available. M-8: $19, 200 Ann.; Membership Available. M-9 (Voltamp Electrical Contractors Inc): $20, 400 Ann. M-M.M-10: $16, 800 Ann.; Membership Since 6/22/24.M-11: $16, 800 Ann.; Membership Available.M-12: $7, 200 Ann.; Membership Available.M-13 (Christina Brown): $15, 000 Ann.; M-M. M-14: $15, 600 Ann.; Membership Available.M-15: $15, 600 Ann.; Membership Available.M-16 (Entrateca Robinson): $15, 600 Ann.; Membership Since 10/27/23. Best Car Medical (2 Parking Spaces): $6, 000 Ann. Lease Exp.: 1/1/60. Parking Spaces 3-8: $18, 000 Ann. (Available) Dish Wireless (Rooftop): $45, 000 Ann. Lease Exp.: 12/14/24.Pro Forma Rental Income: $883, 663.80 Ann.Late Fees: $2, 251.01 Ann. Miscellaneous: $527.35 Ann. Tenant Utility Rebate: $480 Ann. Pro Forma Gross Income: $886, 922.19 Ann. Expenses:Electric: $38, 356 Ann. (Landlord Pays Electric For 3rd Floor, Basement & Mezzanine Tenants Only)Maintenance & Repairs: $4, 515.50 Ann. Garbage Pickup: $2, 765.65 Ann. Insurance: $7, 826.87 Ann. Internet: $3, 844.52 Ann. Water & Sewer: $1, 200 Ann.Taxes: $27, 699.08 Ann. Total Expenses: $86, 207.62 Ann.Pro Forma Gross Income: $886, 922.19 Ann. Pro Forma Net Operating Income (NOI): $800, 714.57 Ann.