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7402 Eliot Avenue, Middle Village, NY 11379
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$4,800,000
Active for Sale
FLATEAU REALTY CORP
Office: 718-953-2732
368A DECATUR ST,
BROOKLYN, NY 11233

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Listing ID 11068740
Property Type Commercial Building
County Queens
Township Queens
Neighborhood Middle Village
Total Tax $105,000
Associated Documents
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1031 Exchange Commercial for sale!

Best 1031 Exchange-Collect top going rents with this12,000 sq ft commercial building on Eliot Avenue. Last offer )4.1 million and owner countered at $4.6 million. And it comes with 25 car parking. Just Listed! Broker Fee. Lot Area 4,056 sq ft Lot Frontage 78.33 ft Lot Depth 104.33 ft Year Built 1961 Year Altered 1991 Building Class Store Buildings (Taxpayers Included) - Multi-Story Retail Building ( K2 ) Number of Buildings 1 Number of Floors 2 Gross Floor Area 12,000 sq ft Total # of Units 5 Rent Roll: Phillie's Pizzeria 1st Floor 1653 sq.ft. 50 a sq.ft. = $82,650 yearly = $6,887.50 2nd Floor 2051 sq.ft. 28 a sq.ft. = $57,428 yearly = $4,785.66 Total - $11,673.16 Buon Trattoria 1st Floor 1734 sq.ft. 50 a sq.ft. = $86,700 yearly = $7,225 Office 2nd Floor 1460 sq.ft. 28 a sq.ft. = $40,880 yearly = $3,406 TMobile Tower Cell Tower $26,400 yearly = $2,200 Basement 3000 sq.ft. 15 a sq.ft. = $45,000 = $3,750 Gross $339,058 Expenses: Taxes $105,000 Insurance $13,854.00 Miscellaneous $10,204.00 Collect going rents as investment property *Buyers Broker welcomed. Speak to Jim Turano/ Broker. NYSMLS #11068740
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Property Details
  • 12000 Sq. Ft.
  • 4056 Sq. Ft. Lot
  • Built in 1961
  • 2 Stories
  • Available 04/11/2022
  • Full Foundation
Unit Information
Unit #1 – Retail, Occupied
Unit #2 – Retail, Occupied
Interior Features
  • Ceramic Tile Flooring
  • Marble Flooring
  • Gas Fuel
Exterior Features
  • Brick Siding
  • Municipal Water
  • Municipal Sewer
  • Near Bus
Commercial Info
  • Sprinklers
  • 20 Parking Spaces
Income/Expenses
  • Gross Income $339,058
  • Maintainence Exp $10,204
  • Insurance Exp $13,854
Taxes and Fees
  • $105,000 Total Tax
FLATEAU REALTY CORP
Office: 718-953-2732
368A DECATUR ST,
BROOKLYN, NY 11233

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Listing Courtesy of  
James Turano, James Turano, Inc.

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Edgar Quito
James Turano, Inc.
Office: 347-868-1224
Cell: 646-342-8850
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Listings data is deemed reliable but is NOT guaranteed accurate by NY State MLS.
 
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