NY
Suffolk
Riverhead
11901
90, 90A, 92, 94 Old Quogue Road
90, 90A, 92, 94 Old Quogue Road, Riverhead, NY 11901
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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
Presented by: Joseph Cordani CBR
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EXIT REALTY LIBERTY
40 Peconic Ave, Riverhead, NY 11901
Office
631 576 4140
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