Home > Search Listing > 2416 Chestnut Avenue

2416 Chestnut Avenue, Long Island, NY 11779

NEW EXCLUSIVE
Asking Price: $ 1,500,000
http://www.ergpa.com/property/2416-chestnut-avenue-long-island-ny  (link to this property)

Location:
East Side Of Ocean Avenue Between Lakeland Street And Easton Street
Block/Lot:
3/47.1
Zoning:
IN1
Lot Size (Approx.):
400 x 100
Lot SF (Approx.):
40,075
Building SF (Approx.):
16,850
Property Zip Code:
11779
Property State
NY
Property City:
Ronkonkoma
Property Address:
2416 Chestnut Avenue
Special Label:
NEW EXCLUSIVE
CAP Rate:
5.7%
Building Size (Approx.):
21 x 61 Irr
Gross Income:
$131,045
Expense (Estimated):
$45,690
NOI (Estimated):
$85,355
RE Tax:(15/16):
$38,190
Gross Rent Multiple:
12
Commercial Units:
1
Map View
State
NY
Location
East side of Ocean Avenue between Lakeland Street and Easton Street
Contact
Frank Amicizia
646.253.0930
famicizia@ergpa.com
Take Action
2416 Chestnut Avenue is currently operating as a steel fabrication shop. The property has two separate egresses on Ocean Avenue and on Chestnut Avenue. The property is one block away from the Long Island Railroad's Ronkonkoma line and a half mile from the Long Island Expressway. Current tenants are anticipating on signing long term leases.
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