90, 90A, 92, 94 Old Quogue Road, Riverhead, NY 11901
Share Listing
Listing Type
Commercial/Industrial
Listing Status
Active
9
$1,500,000
Home Details for 90, 90A, 92, 94 Old Quogue Road
Price
$1,500,000
Type
Commercial Sale
Year built
1925
Lot size acres
0.32
County
Suffolk
Basement
Unfinished
MLS Listing#
1000583
Property Description
Unique investment opportunity in Suffolk County featuring two adjacent lots with a total of three residential rental homes and an established auto repair shop. One parcel includes two homes: a two-story, four bedroom residence and a three bedroom ranch. The second parcel offers a two-story, two bedroom home along with the auto repair facility.
All units are currently tenant occupied, with tenants responsible for their own electric and heat, providing ease of management and predictable expenses. The property generates a combined annual rent roll of $127,000.00 with low taxes contributing to an estimated NOI of $108,206.00. This results in an attractive 7.21% cap rate making it a strong income-producing asset with multiple revenue streams.
Property Features
Heating Information
Hot Water
Oil
Utilities
Electricity Connected
Water Connected
Parking
Driveway
Unassigned
Cooling Information
None
Water Features
Public
Basement
Unfinished
Listing Courtesy: H & G Realty New York - 631-345-5600