157 Medford Avenue$1,050,000
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157 Medford Avenue
House in Patchogue •  building info
studio • 2,900ft² $362 per ft²
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List Price

$1,050,000

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James McGrath
(212) 365-0151 • 
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Key Details
Days on market
31
Last price change
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Estimated payment
$7,237
Taxes
$1,264
Monthly maintenance
N/A
Description
Incredible opportunity! Completely turnkey mixed use building. Just under 3000 ft. on the high traffic Route 112/157 Medford Ave. Building has been completely renovated over the last decade by the current owner occupant with immense pride of ownership. 56 feet of frontage, 8+ car plus parking lot. Building features ADA compliant ramp and bathroom on lower level. Updated 600 square-foot second floor, legal accessory apartment with separate meter. Private deck, vaulted ceilings, recessed lighting, laminate flooring, white kitchen, stainless steel appliances, granite countertops. Douglas CAC. Large bathroom with oversized standup shower and stackable washer and dryer. First floor is set up for two, possibly three, separate spaces. Open floor plan, high ceilings, updated flooring. Enclosed glass office, two additional separate private offices, large open area first floor, separate Douglas CAC. Separate kitchen/break room with sink and fridge, separate exit. Sprinkler systems in front. Dry well for gutters. Exterior lighting lined parking lot. Part unfinished basement for storage and utilities, separate outside entrance. Updated drainage in parking lot. Zoning allows for dry use retail or medical with variance. Property sits minutes from Patchogue Village, Sunrise Highway, 10 minutes from Long Island Expressway and MacArthur Airport, close to all public transit. 2nd floor apartment annual $23,940 potential income ($1995/month)

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Building Amenities
Parking Available
History
What it'll cost
Purchase price
$1,050,000
Asking Price: $1,050,000
Term
30 Years
Down Payment
$105,000 (10%)
Min: 10% (105,000)
Rate
6.5 %
Mortgage Amount
$945,000
Mortgage Payment
$5,973
Taxes
$1,264
Estimated Yoreevo rebate

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Estimated closing cost
$40,000
Total monthly cost $7,237
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Listing Courtesy of Coldwell Banker American Homes

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