The Bryan Karp Team
MLS#919475
STATUSActive
PROPERTY TYPECommercial - Multiple
Property Description
Calling All Investors, Developers & End-Users!!! 12.55 Cap 9,700+ Sqft. 4 Unit Mixed-Use Property With Huge Parking Lot For Sale!!! The Building Features Excellent Signage, Great Exposure, Restaurant, Bar, 32 Parking Spaces, High 9' Ceilings, J-2 Zoning, 4 Lots, All New LED Lighting, 200 Amp Power, CAC, +++!!! The Property Is Located In The Heart Of Rocky Point On Broadway Only 2 Blocks From Route 25A!!! Neighbors Include Starbucks, Tesla, Stop & Shop, Public Storage, Planet Fitness, CVS, Dunkin', 7-Eleven, Teacher's Federal Credit Union, Tropical Smoothie Cafe, Kohl's, Costello Ace Hardware, Mavis Discount Tire, McDonald's, Jiffy Lube, Jersey Mike's Subs, Trader Joe's, +++!!! The Property Has 65' Of Frontage On Broadway + 100' Of Frontage On Eagle Road!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!Income:Bar/Restaurant (3,600 Sqft. + 1,000 Sqft. LL): $106,800 Ann.; Lease Exp.: 3/1/2035.Greek Restaurant (1,307 Sqft.): $22,800 Ann.; Lease Exp.: 2031.1 Br. Apt. (1,000 Sqft.): $24,000 Ann.; M-M.Studio Apt. (400 Sqft.): $21,600 Ann. (Available) Parking Lot/Yard: $24,000 Ann. (Available) Bar Tax Rebate: $21,600 Ann.Greek Restaurant Tax Rebate: $7,000 Ann. Pro Forma Gross Income: $227,800 Ann. Expenses:Gas: $0 Ann. Electric: $0 Ann.Maintenance & Repairs: $250 Ann. Insurance: $3,823 Ann. Water: $0 Ann. Taxes: $27,625.79 Ann. Total Expenses: $31,698.79 Ann. Net Operating Income (NOI): $196,101.21 (Pro Forma 14.01% Cap!!!)
Property Features
Property Type: Commercial - Multiple
Cooling: Central Air
Heating: Natural Gas
Lot Size: 0.40 Acres
Stories: 2.0
Taxes: $27,625
Feature Descriptions
Building Area Total: 9707
Business Type: Mixed
Days on Site: 181
Electric: 200+ Amp Service
Exterior: Frame
On Market Date: 2025-10-01
Parking Total: 32
Rental Term: Monthly
Sewer: Other
Units: 4
Utilities: See Remarks
Water: Public
Listed By / Shown By
Listing By
Agency Name: All Island Estates Realty Corp
Agency Contact: 516-783-5600
Shown By
Agent Name: Bryan Karp
Agent Phone: (631) 759-5277
Agency Title: Coldwell Banker American Homes
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42-46 Broadway | MLS# 919475
This commercial property located at 42-46 Broadway, Rocky Point, NY 11778 is currently listed for sale with an asking price of $1,400,000. Search Rocky Point real estate on www.soldbybryan.com today.