1157 Broadway
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1157 Broadway
11,000 SF Vacant Light Industrial Building Hewlett, NY 11557 £4,107,863 (£373/SF) 5.33% Net Initial Yield
Investment Highlights
- High Traffic Area
- Walking Distance to train station
- The building is sitting on 10,000 sq. ft. out of a 25,000 sq. ft. property. Great potential for future expansion/development. This area
- Easy Access to Public Transportation
- Transit Oriented Property
- of Hewlett in the Five Towns is in great demand and is a fast growing area.
Executive Summary
Great Opportunity, Fully Leased Medical Building.
Rent collected is below market value and has good upside potential in near future.
The building is sitting on 10,000 sq. ft. out of a 25,000 sq. ft. property.
Great potential for future expansion/development. This area of Hewlett in the Five Towns is in great demand and is a fast growing area.
Rent collected is below market value and has good upside potential in near future.
The building is sitting on 10,000 sq. ft. out of a 25,000 sq. ft. property.
Great potential for future expansion/development. This area of Hewlett in the Five Towns is in great demand and is a fast growing area.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £4,107,863 | Lot Size | 0.57 AC |
| Price Per SF | £373 | Rentable Building Area | 11,000 SF |
| Sale Type | Investment or Owner User | Number of Floors | 2 |
| Net Initial Yield | 5.33% | Year Built | 1908 |
| Property Type | Light Industrial | Parking Ratio | 3.64/1,000 SF |
| Building Class | B |
| Price | £4,107,863 |
| Price Per SF | £373 |
| Sale Type | Investment or Owner User |
| Net Initial Yield | 5.33% |
| Property Type | Light Industrial |
| Building Class | B |
| Lot Size | 0.57 AC |
| Rentable Building Area | 11,000 SF |
| Number of Floors | 2 |
| Year Built | 1908 |
| Parking Ratio | 3.64/1,000 SF |
Amenities
- Signage
Walk Score ®
Very Walkable (86)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £188 (2024) | |
| Land Assessment | £13,727 (2024) | Total Assessment | £13,914 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£13,727 (2024)
Improvements Assessment
£188 (2024)
Total Assessment
£13,914 (2024)
zoning
| Zoning Code | Commercial |
| Commercial |
-
Amir Gal - Great Realty LLC - NY
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1157 Broadway
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