33 Park Place$1,250,000
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33 Park Place
House in Lynbrook •  building info
studio • 711,250ft² $2 per ft²
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List Price

$1,250,000

Key Details
Days on market
320
Last price change
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Estimated payment
$8,243
Taxes
$1,132
Monthly maintenance
N/A
Description
Calling All Investors, Developers & End-Users!!! Approved Buy & Build 6 Condo Project For Sale!!! The Property Features Great Exposure, Excellent Signage, 200 Amp Power, High 9' Ceilings, 18 Parking Spaces, Sprinklers, Strong Zoning, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Lynbrook Just Blocks From The Lynbrook LIRR & Sunrise Hwy.!!! Neighbors Include Audi, Mercedes-Benz, Ford, Starbucks, Wyndham Hotels, CubeSmart Self Storage, 7-Eleven, Dunkin, Mavis Discount Tire, Enterprise-Rent-A-Car, Mattress Firm, Taco Bell, KFC, +++!!! This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site / Home For Your Business!!! Income: 33A (2 Br., 2 Bath): $43,200 Ann. (Available) 33B (2 Br., 2 Bath): $43,200 Ann. (Available) 33C (2 Br., 2 Bath): $43,200 Ann. (Available) 33D (2 Br., 2 Bath): $43,200 Ann. (Available) 33E (2 Br., 2 Bath): $43,200 Ann. (Available) 33F (2 Br., 2 Bath): $43,200 Ann. (Available) Pro Forma Gross Income: $259,200 Ann. Expenses: Maintenance & Repairs: $250 Ann. Insurance: $2,813 Ann. Taxes: $13,584.83 Ann. Total Expenses: $16,647.83 Ann. Net Operating Income (NOI): $242,553 Ann. (Pro Forma 19.40 Cap!!!)

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Building Amenities
Parking Available
Building info

History
What it'll cost
Purchase price
$1,250,000
Asking Price: $1,250,000
Term
30 Years
Down Payment
$125,000 (10%)
Min: 10% (125,000)
Rate
6.5 %
Mortgage Amount
$1,125,000
Mortgage Payment
$7,111
Taxes
$1,132
Estimated Yoreevo rebate

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Estimated closing cost
$45,000
Total monthly cost $8,243
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Listing Courtesy of All Island Estates Realty Corp

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