Randall Square | 1699 Middle Country Rd
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Randall Square 1699 Middle Country Rd
4,051 SF 100% Leased Retail Building Ridge, NY 11961 £1,303,516 (£322/SF) 6.11% Net Initial Yield
Investment Highlights
- Heavy traffic on main road of town.
- Small busy shopping center with plenty of parking.
Executive Summary
Small Shopping Center on busy main road of town.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£120,838
|
£29.83
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£120,838
|
£29.83
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£41,236
|
£10.18
|
| Net Operating Income |
£79,602
|
£19.65
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £120,838 |
| Annual Per SF | £29.83 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £120,838 |
| Annual Per SF | £29.83 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £41,236 |
| Annual Per SF | £10.18 |
| Net Operating Income | |
|---|---|
| Annual | £79,602 |
| Annual Per SF | £19.65 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,051 SF
Building Class
C
Year Built
1980
Price
£1,303,516
Price Per SF
£322
Net Initial Yield
6.11%
NOI
£79,704
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.16
Land Acres
0.58 AC
Parking
40 Spaces (8.3 Spaces per 1,000 SF Leased)
Frontage
105 ft on Middle Country Rd
Amenities
- Pylon Sign
About 1699 Middle Country Rd , Ridge, NY 11961
Small Shopping Center on busy main road of town. One Story Masonry Building - 4 Stores
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- I Go Burger
- -
- 1,259 SF
- -
- -
- Long Island Luau Catering
- -
- 798 SF
- -
- -
- Ping Bai Nail Salon
- -
- 1,066 SF
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| I Go Burger | - | 1,259 SF | - | - | ||
| Long Island Luau Catering | - | 798 SF | - | - | ||
| Ping Bai Nail Salon | - | 1,066 SF | - | - |
PROPERTY TAXES
| Parcel Number | 0200-351-00-01-00-002-000 | Improvements Assessment | £3,472 (2023) |
| Land Assessment | £631 (2023) | Total Assessment | £4,103 (2023) |
PROPERTY TAXES
Parcel Number
0200-351-00-01-00-002-000
Land Assessment
£631 (2023)
Improvements Assessment
£3,472 (2023)
Total Assessment
£4,103 (2023)
-
Power Broker Ryan Rodger -
United Properties Corp.
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Randall Square | 1699 Middle Country Rd
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